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Greek households most overburdened with housing costs in EU
SocietyWith two in five of its population living in a household where total housing costs represented more than 40 percent of total disposable household income, Greece has by far the highest housing cost... percent of the total population), Cyprus (4 percent), France and Finland (both 5.1 percent) registered
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ELA ceiling for Greek banks slashed by 7.8 bln to 77.9 bln after recap
EconomyMacroeconomytoday’s ECB decision, the ELA ceiling has been cut by a total of 13.1 billion euros since mid-August... banks raised a total of 8.3 billion euros from private investors, of which 5.3 billion stemmed from... with full voting rights. The total proceeds from the capital increases also improved accordingly
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammefrom resolved banks have been undertaken by the Bank of Greece (BoG). Until February 15, a total... in position allowances. The total annual cost of these changes is estimated at around 300 million... for 2017 and 2018. The GAO report notes that the total amount of cost saving is projected at 137 million
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Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
EconomyMacroeconomy. However, the percentage of long-term unemployed to total jobless increased to 73.7 percent, its highest level over the past four quarters. Part time employment eased to 9.1 percent of total employed..., this year’s figure indicates the third highest reading since 2001. From the total of 1.67 million
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Pension reform brings painful overhaul in social security contributions for self-employed
Economyfor supplementary, 6.95 percent for health and 4 percent for lump-sum. This brings the total SSC rate... the total tax and contributions burden well above 80 percent of their income. In an effort to appease... an upper limit on the sum of tax and contributions, thus alleviating the total burden on self-employed
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HFSF Q3 report shows 23 bln valuation losses in Greek banks
EconomyBankingof the share valuation losses and the warrant gains resulted in total valuation losses of 8.27 billion.... During the 9-month period of 2015, the fund received a total amount of 208.7 million from the 12... in the domestic banking index since the imposition of capital controls, the market value of HFSF’s total
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Deposit outflows for second straight month in February, at 548 mln
EconomyMacroeconomyGreece entered a period of political and economic turbulence, total outflows have reached 43.5 billion euros. Total deposits - which also incorporate general government (gg) as well as euro and non-euro... sector, the total deposit flow in February incorporates non-euro area residents and gg inflows of 179
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyhalf of total gg arrears. Hospitals’ arrears are following suit at 1.09 billion accounting for 18 percent of total. In addition, tax refunds’ arrears stand at 658 million, state budget at 584 million... with bulk involving EFSF/ESM/IMF loans of 220 billion (68.5 percent of total). Bonds stand close to 60
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
Economythereafter. At the same time, part time employment rose to 9.5 percent of total employed in 2015 from 5.5... of their total wealth. Following a series of pension cuts imposed in 2011 and 2012, the total pension
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Marginal deposit flow in April for second straight month
EconomyMacroeconomyof 940 million. Total deposits - which also incorporate general government (gg) as well as euro... recorded in March. In absolute terms, total deposits fell for the fourth successive month to 136.55 billion, which is the lowest reading since August 2003. The negative flow of total deposits in March
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