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Final structure of bank recap taking shape, cautious optimism for outcome
Economythat managed to raise at least 10 percent of their capital needs from private investors. In contrast, Eurobank..., the market currently expects that 5–7 billion would have to be raised from private investors... not have any shareholder controlling more than 5 percent of their share capital, while John Paulson
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Government tables 2016 budget, upgrades GDP forecasts but leaves fiscal estimates unchanged
EconomyMacroeconomyto be voted on December 5. Macro assumptions Following the better than expected preliminary GDP figures... previous macro assumptions incorporated in the 2016 draft budget published on October 5. GDP is now... billion euros in 2015 from 317.12 billion in 2014 as the bank recap cost of 10 billion is more than
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomypace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... time, housing non-performing loans (NPLs) almost tripled from 10 percent at the end of 2010 to 28.6... Mechanism (SSM) of the ECB in October pointed to a drop in housing prices by 7.5 percent in 2015, 5
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Greek teachers low paid, but work shorter hours in smaller classes
Societytheir careers, rising to €25,752 at the end of service. In Greece, the report underlined, less than 5... fell by at least 5 percent between 2008 and 2013 in the same period in England, Iceland, Portugal... data. The increase is 10 percentage points or more in Greece, Korea, Portugal and Slovenia.
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Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most
Economy. As far as salary-earners and pensioners are concerned, 30 percent declare net income between 5 and 10,000 euros, 26.9 percent below 5,000 euros and 19.1 percent between 10 and 15,000 euros. The respective... income bracket declaring annual net income below 5,000 euros, while income between 5 and 10,000 euros
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High unemployment, falling wages damaged sustainability of largest Greek pension fund
EconomyMacroeconomyEmployees insured with IKA, the largest main social security fund in Greece, lost more than 10 billion euros in annual wages over the last 5 years, according to the Federation of IKA employees (POSE-IKA). At the same time, their annual social security contributions have dropped by almost 5 billion
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Newsletter 62 - 12/02/2016
with around 10 percent of GDP, compared to a European average of some 2.5 percent. The biggest revelation... percent of GDP, Greece needs to take measures in the order of some 4–5 percent of GDP (up to 8.8 billion... euros etc. The income ceiling would be set at 55,000 euros, where a 5 percent discount would apply
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economyunchanged at 14.88 billion making up 4.6 percent of total, while repos edged up to 10 billion... of 16.76 years Almost 80 percent of Q4 outstanding debt has a residual maturity of more than 5 years... short-term (up to 1 year) and medium-term (1 to 5 years) debt. Greece’s cash deposits advanced
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Asking Greece to stack more austerity measures ignores past failings
Agorawill need to implement 3 percent of GDP, more than 5 billion euros, in further austerity measures up.... (Page 10) Papandreou’s government had committed to 14.4 billion euros of fiscal consolidation... of measures by the end of the year on top the existing interventions. (Table 5). That brings the total
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingof the personnel expertise and setting of key performance indicators (KPIs) 5) Investigation of the capital... of 1,153 corporate groups with turnover above 20 million euros and loan exposure higher than 10 million... all segments of Greek economy, the study identified 5 sectors, namely tourism, food/beverages, health
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