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Where did all the money go?
Agorastate operations. The brutal belt tightening meant that only just over 15 billion euros of troika... given sweeteners in the form of cash-equivalent EFSF notes maturing within 24 months for 15 percent... from 8 percent to 34 percent, Greece borrowed another 48.2 billion euros for bank recapitalisations
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomyand 15 percent in 2015 and 2016 respectively, from a modest 0.8 percent growth estimated for 2014... 2014 international tourist arrivals reached 23 million, implying a 15 percent increase YoY. A similar... forecasts export growth to decelerate to 5.6 percent from an 8 percent anticipated for 2014
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomyyears, soaring by 8.4 and 15 percent in 2015 and 2016 respectively, from a modest 0.8 percent growth... tourist arrivals reached 23 million, which is a 15 percent increase YoY. A similar growth rate is also... point to a deceleration to 5.6 percent from an 8 percent anticipated for 2014. Imports The other
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Deposit rates stable, avg loan rate below 5 pct for first time since 2002
EconomyMacroeconomycontrol more than 90 percent of total deposits. Back in 2012, there were more than 15 banks... rate further fell by 8 bps in February to 2.36 percent, which is the lowest reading since 2002... spread falling by 15 bps to 3.79 percent in February, which is the lowest reading since June 2014.
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Newsletter 29 - 05/06/2015
, and by up to 8 percent for incomes above 500,000. At the moment the highest rate stands at 2.8 percent... interventions involved lowering allowances for those born after 1975 with between 15 and 20 years of insurance, increasing in the minimum years of insurance necessary for early retirement from 15 to 20
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammemeasures Greece has committed to as part of Monday’s Euro Summit agreement to legislate before July 15...) for fire and to 15 percent (from 10 percent) for autos. The corporate tax rate rises from 26 to 29... 2.8 percent) 6) Above 500,000 euros, the rates rises to 8 percent (from 2.8 percent) ELSTAT
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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy. At that time more than 15 banks were operating in the Greek banking market. After a series of M&A... in the corporate overnight rate. On the corporate lending front, interest rates fell by 15 - 50 bps with the most... percent. The interest rate in loans to sole proprietors slipped by 8 bps to 7.65 percent. The drop
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyadmitted that without any additional measures (including those voted on July 15 and 22), the primary... (GGR) to 30 percent 7) Increase in the tax rate on rental income from 11 to 15 percent for income below 12,000 euros and from 33 to 35 percent for higher income. 8) Gradual abolition of the preferential
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammegovernment had voted on July 15 a series of pension reforms, which mainly included: 1) An increase... rules for the agricultural fund (OGA) in line with the rest of the pension system. 8) Better targeting... will further lower their cost with preliminary estimates calling for a 15 percent average cut in existing
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeMonday of each October and has to be submitted to the European Commission by October 15. During... (VLTs). 5) Increase of the tax rate on income for rents for annual income below 12,000 euros to 15... to 2018. 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently
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