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Second review to resume in Athens under severe time pressure
EconomyProgrammein the 10-month period, the institutions have identified a fiscal gap of 1 billion, according to reports. Part... to 1,600 euros (from 1,900 euros currently) is estimated to result in savings of 1 billion. NPL
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HFSF posts losses of 1.1 bln in H1 weighed down by valuation losses of bank holdings
EconomyBankingbillion, of which 1 billion relates to HFSF participation in the four systemic Greek banks. In specific, the market value of HFSF bank holdings fell by more than 1 billion in the course of the first
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Unemployment rate falls to 23.1 pct in September, lowest since March 2012
EconomyMacroeconomyold) to 46.1 percent and in the 35-44 years old group to 19.1 percent. A smaller decline of 1 pp.... On the flipside, the jobless rate for the older Greeks (55-64 years old) rose by 1 pp to 17.7 percent
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomybps to 5.42 percent, while the rate for loans between 250,000 and 1 million euros declined by 49 bps to 4.84 percent. A smaller decrease of 37 bps was recorded in corporate loans for amounts above 1
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December retail sales seen down 2.5 pct amid tax onrush
EconomyMacroeconomywas burdened by the imposition of capital controls. Overall, private consumption rose by 1 percent... in the VAT rate from 23 to 24 percent (implemented as of July 1, 2016) (218 million) and higher contributions
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CPI stays flat in December, falls by 0.8 pct in 2016
EconomyMacroeconomydecreased at a slower pace of 0.6 percent in December after declining by 1 percent in the previous... the CPI rose by 1 percent. This was mostly on the back of a double-digit rise in clothing
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Payment cards up by 3 pct but value of transactions drops by 7 pct in H1 2016
EconomyBankingthat it corresponds to 1 euro per 10,000 euros of card transaction value and to 1 transaction per 8,000 card
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General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed.... Therefore, we conclude that despite the decline in past years’ arrears, around 1 billion of new arrears were
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... with weaker than expected policies resulting in lower primary surpluses of 1 percent of GDP
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomysupply production also declined by 1 percent. Only two of the five main industrial groupings posted... IPI rebounded 2.2 percent from the previous month, after contracting by 1 percent in November
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