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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... for everybody retiring after June 30 2) Consolidation of all supplementary pension funds... and the government will not intervene in any way in the day-to-day decision making and management. 2) The BoD
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Newsletter 29 - 05/06/2015
surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent... the solidarity levy rates for individuals whose annual income is between 30,000–50,000 euros by 2 percent... for the ninth successive month in May. 2 Arduous and exhausting Past eight months are a textbook example
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Newsletter 31 - 19/06/2015
percent. In the past 12 months, the industrial turnover trailing index has declined 2 percent. The decline in April is due to a 2.6 percent decline in manufacturing. 2 No panacea in defence cuts... than 2 percent of GDP in its armed forces. Greece, Britain, the US and Estonia were the only NATO
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
Economythen the market slightly corrected on Wednesday and rebounded by more than 2 percent on Friday ahead.... The dividend is due to be paid on July 2. Next week Public Power Corporation (PPC), Piraeus Bank... of 0.36 euros per share on July 2.
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomyin the time deposit rate led the weighted average rate on new deposits down by 2 bps to 1.10 percent... over 1 million to 4.68 percent, which is the lowest reading since October 2010. 2) A rise by 47 bps... percent posted in February. The increase in the average loan rate by 7 bps coupled with the 2 bps drop
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Greece seeks 3-year programme that could exceed 65 bln
EconomyProgramme, 2) Redemptions of Greek government bonds held by the Eurosystem of 14.3 billion 3) Redemption... for privatization proceeds of 2 billion and primary surplus of 9.4 billion that could reduce accordingly funding... outlook would reduce the previously anticipated primary surplus increasing accordingly funding needs. 2
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Unemployment rate slips to 25.6 pct in April, lowest since July 2012
EconomyMacroeconomysince July 2012. On a non-seasonally-adjusted (NSA) basis the unemployment rate fell by more than 2..., remaining broadly stable year to date. The breakdown by gender displayed the jobless rate fell by 2 pp YoY.... The respective breakdown by age group showed a drop in the unemployment rate by more than 2 pp YoY
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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammethe solidarity levy rate remains unchanged at 0.7 percent applied to the whole amount 2) Between 20,000... to 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4... will stem from VAT changes with incremental revenues for 2015 seen at 795 million 2) 410 million
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Newsletter 36 - 24/07/2015
be sold without the consent of shareholders, 2) transferring business to a bridge bank, 3) separating... of capital controls since June 29, 2) the banks’ financial results for the second quarter of 2015, 3... 690 million euros year-on-year. 2 Divided we fall Treating Greek crisis as a national problem has
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammeimposed in 2012 were unconstitutional. 2) Changes in early retirement with the retirement ages to 62..., in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling... by the ECB that mature on August 20. 2) The repayment of the bridge loan of 7.16 billion euros Greece
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