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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politics, it is not clear yet whether lenders would agree to a lower increase, such as 0.5 pp each for employers... million euros. This means even if institutions accept lower rises to contributions’ rates it would
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Meeting with farmers marks start of renewed effort to reach bailout review deal
PoliticsGreek Politicsand 20 percent in 2019. He may also offer the farmers the option of paying lower social security contributions in return for receiving lower pensions. The coalition has been pleading with farmers
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Newsletter 64 - 26/02/2016
increase in social security contributions to 20 percent by 2021 and the option for a lower contribution rate of 16 percent in return for a lower pension. In addition, the government said that a tax-free
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Surprise 0.1 pct QoQ rise in Q4 GDP on investment rebound, 2015 recession at 0.3 pct
EconomyMacroeconomypercent in 2015, lower than the 0.7 percent indicated in flash estimates, while nominal GDP fell... but in line with Bank of Greece (BoG) estimate. However, it is lower than the initial forecasts upon
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingreflects lower funding cost with the Greek deposit spread improving by 17 basis points (bps) QoQ... months of 2016 was similar or lower to Q4. The bank targets the NPL ratio to be trimmed to around 15
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OECD sees potential for recovery in Greek economy, stresses benefits from reforms
EconomyMacroeconomy. On the flipside, downside risks involve larger negative effects of the credit crunch, lower impact... would notable lower gross financing needs. On the recent liberalisation of large corporate loans
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Newsletter 66 - 11/03/2016
of lower pension replacement rates and granting the national pension after 20 working years (instead... on the back of lower funding costs and cost of risk. NBG rescheduled its Q4 results from Thursday to March... of sending back asylum seekers en masse to Turkey, a country that neither properly recognises them
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Industrial production up by 4.6 pct in Jan
EconomyMacroeconomy, while lower drop rates were recorded in intermediate goods (-1.8 percent) and consumer non-durables.... Specifically, production in consumer durables decreased 16.4 percent MoM, while lower declines were posted
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Current account deficit jumps to 742 mln in January
EconomyMacroeconomyin the primary income surplus by 451 million, followed by a lower services surplus (by 218 million). Secondary... primarily stems from lower net transport receipts. In addition, travel receipts fell by 4.7 percent
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This is how things stand as bailout talks head for a brief pause
EconomyProgrammepercentage points. The mission chiefs may, though, only agree to a lower rise in contributions... pending agreement involve the government’s latest proposal for lower or differentiated contributions
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