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As Greek deadline looms, this is how the next days could play out
EconomyProgramme. There are several options: 1) The Eurogroup approves the disbursement of the last EFSF tranche of 1.8... a programme as of July 1 for the ECB to continue providing liquidity to the Greek banks via the Emergency
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Referendum call finds Greek banks teetering on the edge
Economythat have to be addressed imminently: 1) What will happen if the ECB stops providing additional liquidity to Greek banks as of July 1 when Greece will not be under a programme. 2) Which
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Tsipras turns down last-minute Juncker offer, plans to stand aside if 'Yes' wins
PoliticsGreek Politicsbetween Greece and its lenders. Juncker reportedly proposed: 1) Tsipras commit to the institutions... ERT for a lengthy interview. During the programme, Tsipras revealed the following points: 1
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Where the key differences between Greece and the institutions lie
EconomyProgrammetargeting revenues of 1 percent of GDP and Greek authorities 0.93 percent of GDP. This difference... percentage points (pp) restoring them to their levels before July 1, 2014 when they were reduced by a similar
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgrammeuntil the end of 2018 standing at 29.8 billion euros including 1) Payments to the IMF of 9.9 billion... with a positive or negative impact on the gross amount. 1) The preliminary DSA called
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomywith a drop in the number of jobless by 1 percent compared to March. The drop in the number of unemployed... for males to 22.2 percent, while that for females eased by less than 1 pp to 29.8 percent
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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammedeficit clause to be implemented retrospectively as of January 1, 2015. o Adopt a series of product..., including in SMEs. EC will propose to increase the level of pre-financing by 1 billion to give
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomybillion, which is the highest reading since December 2012. ECB funding rose by almost 1 billion to 39.8... currently from zero last December 2014 stems from: 1) Extended deposit withdrawals of around 48 billion
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Primary surplus 3.1 bln above target in H1 on severe underspend
EconomyMacroeconomypercent in June to 575 million well below the previous months’ figures ranging between 0.9 – 1... below the FY target namely: 1) Grants to Manpower Employment Agency (at 21.3 percent of the annual
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycertain assumptions. In the first scenario, the rating agency assumes: 1) Non-performing exposure (NPE... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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