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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsthe fiscal mechanism demanded by creditors to ensure that up to 2 percent of GDP in contingent measures can be implemented if the programme is off track in the coming years. Having already voted through 2
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBanking. In specific, net interest income (NII) rebounded QoQ for the second straight quarter by 2 percent... in Q4. The bank has guided for a cost of risk below 2 percent for the whole of 2016. On the asset
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Newsletter 74 - 20/05/2016
would unlock the pending tranche of 5.6 billion, plus 2 billion for the clearance of arrears. Tsipras... successive quarters since 2009. 2 NPLs: Italian- and Greek-style Both countries face Atlantean task
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Tsipras sails through multi-bill vote, looks to disbursement and debt relief
PoliticsGreek Politicson pension and income tax measures worth 2 percent of GDP) unscathed. He undoubtedly emerges from... surplus target to 2 percent of GDP between 2017 and 2021, while in return aiming for a growth rate
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomyto the social security funds posted a decline of 2 percent to 3.58 billion in the 4-month period. Both items... of 1.63 billion) 2) Social protection (at 235 million corresponding to 16.2 percent of the annual
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammeto 1.5 percent after 2021 and decline to 1.25 percent after 2030. 2) Total privatisation proceeds of 18... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
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Newsletter 84 - 29/07/2016
in the first six months. On the same day, the BoG said that credit contraction remained stable at 2 percent.... 2 Time to think outside the box Greece needs a robust media watchdog and ethics code
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Budget primary surplus of 3.6 bln by July, monthly revenues short of target by 315 mln
EconomyMacroeconomy, largely attributed to lower expenditure (2 billion below target) and higher than expected revenues... expenditure increased by 4.1 percent to 22.31 billion in the 7-month period and remains more than 2
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Drop in arrivals and spending impinge on H1 travel receipts
EconomyMacroeconomy. This was a product of a 4 percent decline in expenditure per trip and a 2 percent fall in arrivals... percent from the United States to 313 million. The number of inbound visitors in June dropped by 2 percent
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Newsletter 86 - 26/08/2016
in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer
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