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Lower yields for short- and long-term borrowing boost Athens
EconomyMacroeconomyThere was a promising start to May for Greeceās debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May... a declining path. The cost of borrowing for the 6-month bills had dropped to 2 percent at the end
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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomydebt sustainable. The MTFS revises the initial growth estimate for 2018 to 2 percent, from 2.3 percent... growth of 2 percent during the period is not just an optimistic forecast. As result, the Council makes
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraa debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year
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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomyarrivals. The primary income balance rose by 2 percent to 797.1 million, while the secondary income..., stemming largely from an 2 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net
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IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
EconomyProgrammeof 2 percent this year, picking up to 2.4 percent in 2019. Growth is expected to fall below 2 percent
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Recent study issues warning over ageing population, future pension burden
Societyauthors state that while Greece is aiming for 2 percent annual GDP growth, a rate closer to 4... decreased by 2 percent to come to 118,792, still outpacing births and leading to a net shortfall
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingpercent to 217.1 million QoQ. In H1, the figure fell by 2 percent YoY, with the decline coming to 3.4... quarter. Balance Sheet Eurosystem funding declined by 2 billion euros QoQ to 5.1 billion in June
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Retail turnover in June grows strongly led by fuel and supermarket sales
EconomyMacroeconomyand cosmetics also rose by 2 percent, while books, stationery and other goods showed a modest increase of 0.4... recorded in pharmaceuticals and cosmetics with 2 percent while automotive fuel volumes dropped by 2.1
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