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Great Expectations: Is Greece 2.0 hitting the target?
EconomyFeatureson economic growth, which was revised down to 2 percent from the government’s forecast of 2.4 percent... (including both grants and loans) have been allocated to the 100 largest recipients, with individual... of the top 100 allocations, totalling 9.7 billion euros split between 58 recipients, with loans only
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... of high debt-to-GDP ratios (above 100 percent) a reduction in the interest payments improves
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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Greece's 2015 budget: A breakdown of all the key figures
EconomyMacroeconomy(1.8 percent of GDP), lower than the 2 percent incorporated in the draft budget and the 2.3 percent... obligations in up to 100 monthly installments at half the previously imposed interest rate. Revenues..., 100 percent of Trainose (operation and management of railway activities), 14 regional airports
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeand also connect with KEPE, the government’s Centre for Economic Research. 2. The second reform involves... to be hired on a strictly short-term, casual basis (up to 2 months and without any prospect of being... and reward those who pay the full amounts of tax debt upfront versus those who pay in (up to 100
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomy. In particular, for upfront payment the amount of penalties and surcharges is eliminated, for 2 to 5... to 100 installments the cut in surcharges stands at 55 to 30 percent. If a taxpayer misses... of penalties and surcharges stands at 70 percent, while for 51 up to 100 installments the respective cut
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomy, bringing the 4-month figure at 15.04 billion, up 2 percent. Compared to targets, the April revenues...-recurring item, the underlying revenue collection shows a drop by 2 percent in April and 1.8 percent... the settlement of tax arrears in up to 100 instalments. According to a previous MoF announcement, revenues from
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBanking, 84 million euros in preferred securities and 18 million hybrid (Tier 2) notes. For senior notes in particular, the proposed exchange offer stands at 100 percent of nominal value. The bank aims to raise capital up to 0.8 billion for the LME. The last key pillar involves the sale of 100 percent of its
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Greek banks' capital actions underway, state aid seen as low as 4.7 bln
Economysplit (1:100). NBG NBG initially announced it would seek to raise 1.6 billion from the non-preemptive... as the bail-in of securities, meaning that the bank would seek state aid of 2 billion to cover its... around 2 billion would be in the form of CoCos and 0.7 billion in common shares. The book building
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Greece concludes regional airports deal, more privatisations lie ahead
Economy) is expected to be concluded within the first quarter (Q1) of 2016, while the sale of 100 percent... being completed by mid-February. Pitsiorlas also said that the sale of 100 percent of Hellinikon... budget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower
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