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Q2 GDP rebounds 0.2 pct QoQ but shrinks 0.9 pct YoY amid consumption drop and investment rise
EconomyMacroeconomya decline by 1 percent in Q1. The key positive contributor to the GDP evolution in Q2 is investments, which grew by 1 percent QoQ and by 7 percent YoY. In contrast, private consumption fell by 0.2 percent... of 0.9 percent year on year (YoY) in Q2 from a revised decrease of 1 percent in Q1. Today’s figure
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Outright majority in sight for ND as campaign takes detour through recent past
PoliticsGreek PoliticsThe campaign for the July 7 elections has taken a brief detour through Greece’s recent past... the July 7 elections, should opinion polls be correct and SYRIZA finds itself on the opposition... at 27 percent, a difference of 9 points. KINAL is on 7 percent, the Communist Party (KKE) on 5 percent
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Newsletter 170 -13/07/2018
to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos and Samos... that once Greece completes its current programme on August 20 the waiver on Greek bonds will be lost... to be adopted after the third programme is completed on August 20, while emphasising that it did
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We can't ignore population shifts within the European Union
Agoraof the Netherlands.[1] These books are forward looking and start with an analysis of the demographics of each... from the east and south to the north and west. Table 1 below presents the data per country... in table 1, grew from 344 million to 468 million people between 1950 and 2020. The UN projects
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBanking) in H1 came to 727 million, up by 1 percent YoY, mainly on the back of improving funding costs... of 7 billion euros. P&L New loan disbursements came to 3.5 billion in the first six months... million euros. In Q2, operating expenses came to 255 million, down by 14 percent YoY and 1 percent
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SYRIZA and New Democracy neck-and-neck as post-election scenarios become clearer
PoliticsGreek PoliticsInd Greeks 2.5 #Greece — MacroPolis (@MacroPolis_gr) September 1, 2015 However, it was the survey... they will back the party on September 20, which is the lowest of all parties apart from Independent Greeks. Also, most surveys show that around 15 to 20 percent of voters are still undecided
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Newsletter 173 -07/09/2018
property tax is expected to be reduced by 10 percent in 2019 and by another 20 percent in 2020..., which applies to incomes up to 20,000 euros, from 22 percent to 20 percent. Another measure under... the 1 percent of GDP reduction in pension spending from next year. Both the government
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The key points from lenders' proposals to Greece
EconomyProgrammeprimary surplus targets of 1 percent of GDP for 2015, 2 percent for 2016, 3 percent for 2017 and 3.5... that the VAT reform targets a revenue increase by 1 percent of GDP or 1.8 billion on an annual basis... to be effective as of July 1, compared to October 1 for the Greek government proposal. Other fiscal
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyprimary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... ratio of 180 percent a reduction in the average interest rate by 1 percentage point (pp) reduces the debt ratio by 1.8 pp, while a rise in the primary surplus by 1 pp of GDP lowers the debt ratio
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Newsletter 198 -15/03/2019
on €1 bln package The Greek government failed to convince eurozone finance ministers this week to approve almost 1 billion euros worth of debt relief measures and remained locked in talks with its... first month of trading and since issuance the yield has dropped by nearly 1 percentage point, 80
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