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Discussion over PEPP, SGP draw attention to rising yields
EconomyFeaturesterms by the end of this year to 350 billion euros and the debt ratio at 200 pct. Greece deployed one... consider it a cornerstone for future upgrades. Greece this year has managed to fetch from the markets... year, the Greek authorities are lobbying European institutions for the conditions that will allow
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Primary balance on target in Oct, revenues beat target thanks to tax and tourism VAT
EconomyMacroeconomywith a deficit of 9.07 billion in the same period last year, according to the preliminary Finance Ministry... that was assumed to be received last month and now is moved to next year. Excluding this item, revenues... year. The overall balance is broadly in line with the target, overperforming by 54 million. Revenues
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBankingAlpha Bank reported a net loss of 2.5 billion euros in the first nine months of the year (9M... in the second quarter of the year. In the third quarter of the year, the net loss was 171 million... last year. Quarter-on-quarter (QoQ) PPI dropped in Q3 by 16 pct, to 192 million euros, compared to Q2
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Newsletter 319 - 03/12/2021
in the fact that the Eurostat’s HICP for Greece was negative in May this year at -1.2 pct, escalating... up by 23.5 pct in October, from 19.9 pct in September. The index spent the whole of last year in negative territory and is up by 21 pct since the end of last year. The index measures the monthly rates
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Govt treads carefully on economic relief measures, hoping normality is near
PoliticsGreek Politicsto the fiscal limitations since Greece has to return to producing primary surpluses from next year... that such a move could endanger the government’s efforts to rein in the deficit this year before moving to a surplus next year. Also, given that this is a measure that has not been adopted for bigger European
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Mitsotakis unveils property tax reduction, searches for pre-election narrative
PoliticsGreek Politicsof a new reduction to the ENFIA property tax from this year. Having already reduced the disliked levy... pct will pay more. The total amount saved would reach 350 million this year, said the PM. The total... close control as Greece is now on a path towards producing a primary surplus by next year. Undoubtedly
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Employment balance negative by 25,804 in Jan as pandemic support is wound down
EconomyMacroeconomy, suggesting a drop of 28,142 job postings year-on-year (YoY). At the start of last year, pandemic... of teachers as the school year gets underway. Total hirings in January came to 137,983 versus 163,787... by 133,082, improving by 40,079 jobs year-on-year, capturing the base effect of last year’s first
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Newsletter 329 - 25/02/2022
as it approaches the scheduled election cycle in the summer of next year. The complexity... will have to deliver a primary surplus next year of 1.5 pct of GDP and then secure an average 2.2 pct..., the government will have to turn a deficit of 1.2 pct of GDP this year into a surplus of 1.5 pct next
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Unemployment broadly unchanged at 13.2 pct in Q4
EconomyMacroeconomyyear, staying broadly unchanged at 13.2 percent in Q4, from 13 percent in Q3, Hellenic Statistical... last year, increasing by a modest 0.3 percent from the previous quarter and dropping sharply by 17.7... percent. The number of long-term unemployed (more than 1 year) came to 399,200 people, representing 64.7
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Incorporating impact of Ukraine war, EC revises growth forecast down to 3.5 pct
EconomyMacroeconomyfor this year now revised down to 3.5 pct, from the 4.9 pct included in the winter forecast published... authorities, the two increases in the minimum wage this year, and savings that built up during the pandemic... substantial this year, it is revised down from previous estimates as the eurozone and the global
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