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Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008
EconomyBankingbillion euros in 2016, up by more than 1 billion from the 2015 figure of 1.46 billion. The previous.... They have increased by more than seven times since then in the wake of PSI losses and sharp
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Lenders' proposal not yet enough to convince Athens, banish snap poll option
PoliticsGreek PoliticsEuropean director, Poul Thomsen, that Greek pensioners are better off than their German counterparts... of principle, rather than his previous insistence that it would not accept “a single euro” in new
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Athens waits for Moscovici visit, eyes debt relief and lower volume of measures
PoliticsGreek Politicsthan 7,000 euros from its current level of just above 8,600) and possibly avoid the upfront.... It is hoping that the 3.5 percent primary surplus will not have to be maintained for more than three years
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Tsipras's choices are becoming clearer but not any easier
Agorato maintain a 3.5 percent of GDP primary surplus for more than three years, which is substantially less than the 10 years Berlin had proposed recently. Should the institutions show flexibility on this issue
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Greece near bottom of OECD rankings for spending on R&D
Societythan any other country on R&D (4.3 percent) followed by Korea (4.2 percent), Japan (3.5 percent... (1.7 percent) all spent greater proportions of their GDP on R&D than Greece. There was a general
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Current account deficit widens to 933 mln in December, 2016 balance turns to deficit of 1.1 bln
EconomyMacroeconomywith a slightly higher goods’ deficit by 35 million that more than offset an improvement... bonds and T-Bills, which more than offset a drop in their foreign equity holdings
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Newsletter 109 - 03/03/2017
is still holding out hope that the volume of measures it will have to legislate will be lower than 2... funding has been consistently reduced by a cumulative amount of 63.57 billion, of which more than two
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Job hirings at record high of 24,938 in Feb, negative employment balance for year-to-date
EconomyMacroeconomyhirings stood at 138,242 in February and outpaced a total of 113,304 departures, of which more than half... employment made up less than 45 percent of the total figure.
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsagreement ahead of the April 7 Eurogroup rather than the one on March 20. Finance Ministry sources told... than the reduction of the tax-free threshold, each of which are currently slated to yield 1 percent
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Sceptical mood in SYRIZA, pending agreement with creditors
PoliticsGreek Politicsto evaluate the progress on reducing PPC’s market share will be in December, rather than June as had been... after reports that there was intense scepticism among more than 40 SYRIZA MPs who were briefed
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