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Eurosystem funding for Greek banks shoots up by 11.2 bln in December
EconomyMacroeconomyin December reflects the combined effect of: 1) Deposit outflows of circa 3 billion in December, which... issues stood at circa 60 percent 3) Gradual lack of renewal of interbank repos up to 9 billion 4) Higher haircut on state-guaranteed ECB collaterals which reduced the system’s liquidity by almost 1
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyranging between 1 to 5 euros per day for hotels with three stars or more or a tax rate between 3 to 5... a primary surplus target of 1.5 percent in 2015 ranges between 1.8 billion euros (1 percent of GDP) and more than 5 billion (3 percent of GDP). According to local media, the measures
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Newsletter 30 - 12/06/2015
stemmed from time deposits, while sight and savings recorded outflows of 2.9 and 1 billion... of June. Since the ELA liquidity buffer for Greek banks has remained stable at 3 billion over the past 6... on some issues, such as lower fiscal targets for the next few years (1 percent of GDP for 2015, 2
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgrammeto the amounts paid out in pensions to early retirees before and after they reach 67. The savings are seen at 3... with a net positive impact of more than 600 million euros in 2016 are as follows: 1) Annual revenue... income) is anticipated to result in incremental revenues of 370 million for 2015. 3) The increase
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingto see deposit inflows of around 3 billion. The phased-in Common Equity Tier 1 (Tier1) ratio eased... (QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ... in the previous quarter. The management reiterated its target for a negative NPL formation of 1
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomywere included in the draft budget that was tabled on October 3. Fiscal estimates The general... anticipated impact of 2.45 billion relate to: 1) Income tax reform (716 million) 2) Change in rates and extension of solidarity levy (668.5 million) 3) Increase in the excise tax on energy products
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Greece braces for recession, hopes to bounce back from summer onwards
Economyadmitted that Greece is on course for an economic contraction of 1 to 3 pct this year due to the virus... losses to exceed 3 billion euros. With city hotels already shut, resorts will soon face the challenge... for the Greek economy and now see it contracting by 1 to 8 pct this year. Capital Economics sees economic
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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
EconomyMacroeconomygrowing by 3 pct in 2024 and securing a primary surplus of 2.1 pct of GDP. The economy is seen... picture for 2023 is impressive. Revenues beat the target by 3 billion euros, reaching 65.18 billion... by 1 billion and corporate tax by 2.1 billion. All income tax collection in 2022 is seen reaching
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyprocess over a 7-year horizon with estimated revenues of 3 billion in the first year. This implies... body to manage private debt as well as the establishment of the new banks is projected at 3 billion... are estimated at 3 billion euros from the first year refraining from providing details on specific
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SYRIZA's poll lead consistent but parliamentary majority elusive
PoliticsGreek Politics29.5 ND 26 PASOK 5.5 Potami 5.5 G Dawn 5.5 KKE 4.5 Ind Grks 3 Papandreou 2.5 Other 4 Undecided 8.5... SYRIZA 31 ND 25.5 KKE 5.5 Potami 5.5 G Dawn 4.5 PASOK 3 Ind Grks 2 Papandreou 1.5 Undecided 18... for Avgi SYRIZA 38 ND 30 Potami 7 PASOK 5.5 Golden Dawn 5.5 KKE 5 Independent Greeks 3 Others 6
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