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Newsletter 105 - 03/02/2017
from 8,636 to 6,000 euros. This would generate roughly 2 billion euros in extra revenues. While... lengthened due to the heavy snowfall. 2 Retail trade index turnover rises in November November rebound... proprietors eased by 2 bps to 7.34 percent. The new time deposit rate of Greek households slipped 1 basis
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Newsletter 106 - 10/02/2017
for beyond 2018. Reports on Thursday suggested that the lenders will ask for 2 percent of GDP, roughly... envisaging the 2016 primary surplus close to 2 percent of GDP, well above the programme target of 0.5... and ANFA profits and locking in the loan interest rates below 1.5 percent. 2 Unemployment remains stable
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Newsletter 109 - 03/03/2017
that the basis of discussion with the lenders for the volume of measures needed should be 2 percent of GDP... is still holding out hope that the volume of measures it will have to legislate will be lower than 2... on Thursday that the discussion is currently centred on 2 percent of GDP. It seems that Athens might
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy(-3 million each). Extrabudgetary funds fell by 2 million euros, while rises were noted in tax refunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen... (including tax refund arrears) fell by 2 million compared to March and came to 2.40 billion. Month
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Does the EU Commission suffer from optimism bias? (Part 1)
Agoraand why these differences are important for policy interpretation. In part 2 of this blog, we will call.... Real GDP is the product of labor input and average labor productivity (Q = L *(Q/L)). Figure 2 shows..., and a bigger labor force, hence delivering higher employment throughout the future years (Figure 2
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NPLs: The Achilles heel of the Greek banking system
Agoraof that posted by the Bank of Greece, while the trend is also the opposite with EC showing a 2 pp... by the EC at 24 percent, 1 pp lower than that in 2012. The BoG figure stands 2 pp higher and indicates... lending, at 60 percent in 2013, implying a 3 pp rise on 2012 number. That is almost double compared
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Greek deposit and loan rates slide in September
EconomyMacroeconomy3 and 2 percentage points respectively above the average euro area rates. In the other key household... a downward trend thereafter dropping by almost 3 percentage points. However, it still remains well above... deposit rate led the average rate on new deposits slightly lower by 2 bps to 1.32 percent in September
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Greece sends reform list to creditors, here's an outline of what it's likely to contain
PoliticsGreek Politics30,000 apartments with a rent subsidy of 3 euros per square meter (54 million). 2) A large part... home (estimated cost at 2 billion euros). The Alternate Finance Minister Nadia Valavani recently stated that the government aims to collect revenues of 3 billion from the new legislation on settlement
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeand also connect with KEPE, the government’s Centre for Economic Research. 2. The second reform involves... independent and/or regulatory entity. 3. The third reform is linked to revenue administration... to be hired on a strictly short-term, casual basis (up to 2 months and without any prospect of being
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