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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammeabolishing the step-up interest rate margin related to the debt buy-back tranche from the end of 2012... of EFSF interest and amortisation up to 15 years. The IMF is also insistent that the so-called French mechanism for providing top-up relief if Greece misses its growth targets in the future should
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Travel surplus rises by 48.2 pct in March as receipts increase
EconomyMacroeconomydrop noted in February, Bank of Greece (BoG) data revealed on Tuesday. Receipts came to 252.3 million euros for the month, up by 28.2 percent. This offset a rise of 20.7 percent in payments, which... by a rise in foreign arrivals, which went up by 12.8 percent during the month and came to roughly
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Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
EconomyBankingFollowing weeks of uncertainty and pressure on the banking sector, which climaxed in a big drop... because it got caught up in the tensions that emanated from the emerging markets in the summer... reduction targets up to 2021. According to reports, the new targets involve the restructuring of 50 billion
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeimplement the pension cuts it has agreed for next year, it will leave it up to Athens and its European... it up to the Greek government and its European creditors to find a way of settling the content of next... as moving in this direction by freeing up fiscal space for non-retiree social spending which remains low
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Travel balance rises by 0.8 pct in September and 9.1 pct in 9M
EconomyMacroeconomyGreece’s travel balance edged up by 0.8 percent in September, following a 1.4 percent rise... also fell by 15.7 percent to 141,900. Finally, visitors from Russia registered a slight drop of 0.4... outlook predicts that tourist numbers could reach up to 30 million in 2018, but warns of competition
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General govt primary cash surplus at 6.68 bln in October, arrears rise by 9 mln
EconomyMacroeconomymonths of the year, up by 311 million euros compared to the same period last year, according... arrears) rose by 9 million and came to 2.62 billion euros after a drop of 416 million in the previous... (+1 million). At 30.5 percent, arrears of SSFs made up the majority of arrears during the month
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Newsletter 196 -01/03/2019
lenders disagree with. The main concern is that the new scheme was meant to tighten conditions and end up... up to 2022. Greece’s nominal GDP is expected to grow by 3.8 percent this year and growth is seen... that will not exceed 3 percent growth up to 2023. Exports are also expected to follow a decelerating path, going
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Travel balance rises by 9.2 pct to surplus of 13.90 bln in 2018
EconomyMacroeconomyup by 9.7 percent year-on-year, which in turn drove the increase in travel receipts. In contrast... visitors rose by 15.1 percent to 21.4 million. Within this, euro-area visitors were up by 15.9... euros. The overall number of visitors edged up by 0.1 percent to 3.1 million. Overnight stays ashore
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Newsletter 205 -10/05/2019
to pay their dues in up to 120 instalments after being granted a reduction of the original amount... of a bonus. Those earning pensions of up to 500 euros would receive an amount equal to 100 percent... as rising by 10.1 percent this year before settling at an increase of 10.8 percent next year. The drop
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No late rally for Tsipras
Agoraof support drop by more than 10 points (from 35.4 percent) since the last general elections in September... the successor to PASOK so he could pick up the pieces. His strategy for achieving this was to add former... of voters made up their mind about who to support well before the elections. Visionless Tsipras’s other
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