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PM gears up for communications drive as PASOK marks 50 years
PoliticsGreek PoliticsThe government is hoping to move up a gear this week as far as its communications drive is concerned, hoping to provide a convincing response to a difficult summer and the apparent dwindling faith among voters in New Democracy’s abilities. On Saturday, ...
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeup to 150,000 euros and their tax debt did not exceed 50 percent of their annual income on the date... by 50 percent in October and by another 50 percent in October 2016. This means that the current... the government is favouring the establishment of a sovereign wealth fund that will create a value of 50 billion
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts in an effort to increase VAT and income collection. 3) Increase in the solidarity levy rates to 2% (from... percent) for income between 50 and 100,000 euros, to 6 percent (from 2.8 percent) for income between 100
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Newsletter 47 - 16/10/2015
statements they expect a softer GDP contraction of between 1.5 to 2 percent this year... and 3.3 percent YoY in Q3 and by a further 2 percent QoQ and 5 percent YoY in Q4. The full-year... than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank
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The case of SYRIZA's fiscal performance
AgoraSYRIZA accomplish this? To boost the fiscal balance, SYRIZA 2 increased revenue and cut expenditure... families.[2] Direct income taxes under SYRIZA were lower than under Samaras, and Greece received fewer... experience with Varoufakis. On the expenditure side, SYRIZA 2 cut spending on goods and services
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Greek deposit and loan rates slide in September
EconomyMacroeconomythe 1.20 percent average rate in the eurozone and more than 50 bps higher than the respective rate... deposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September, with the year to date drop at almost 50 bps. On the loan front, the most significant movements
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... main and supplementary pensions as well as lump-sums. The hidden fiscal gap is estimated in excess of 2... and maximising their value. That statement indicated that the new fund would generate targeted revenues of 50
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NBG reports net loss of 163 mln in 2017, bad loans continue to fall
EconomyBankingthe sale of unsecured loans. This could be excelled to reach around 2 billion euros, leaving 2.2... test horizon, the impact is anticipated at 120 bps with the impact for 2018 resting at 50 bps... with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent
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Newsletter 332 - 18/03/2022
increasing by 50 pct, natural gas prices higher by 100 dollars and a 2 percentage points rise... alarmed that unleaded fuel prices have risen above 2 euros/litre and heating oil has climbed to 1.6... index rising globally by 25 pct, the natural gas price rising by 50 dollars and sovereign yields
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeimposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62... studies. 3) Abolition of tax breaks for farmers, including the reduction by 50 percent of the subsidy...) Reduction by 50 percent in the subsidy expenditure for heating oil. 5) Increase the rate of the tonnage
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