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Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014
Economyreleased last March. According to ELSTAT, the key reasons for the revision relate to updated.... The key changes relate to: 1) Total consumption, lowered by 4 billion to 160.39 billion 2) Change
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Greek banks brace for recapitalisation, with Piraeus initiating a bond swap offer
EconomyBankingscenario. Until now, very few details have been leaked and they mainly relate to the macro assumptions.... In specific, 265 million relate to senior unsecured debt issued in 2014, 211 million of subordinated debt
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Cash primary surplus contracts 2.9 pct to 2.68 bln on weak revenues in Sept
EconomyMacroeconomy. Note, though, that last year’s figure included extraordinary revenues of 1.31 billion that relate... (HFSF) paid to the state. These revenues relate to fees Greek banks paid to the HFSF in 2012
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Newsletter 49 - 30/10/2015
the government and the institutions. These relate to the framework for the protection of primary... in this area. Other rumoured alternative measures relate to a rise in excise tax on cigarettes
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Central gov’t debt rises to 314.6 bln in Q3 on eurozone tranche and GGB redemptions
Economyin the previous quarter. Of this amount, 52.9 billion relate to bilateral loans, 143.9 billion to EFSF... from 15.66 billion in Q2. Guarantees to gg entities stood at 8.56 billion and mainly relate
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyreduced by 7.25 billion euros. The most marked transactions in the course of 2015 relate to GGB... Assistance (ELA) guarantees by 3.4 billion each. The bulk of the outstanding guarantees relate to ELA
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammefor the institutions relate to the implementation of the Council of State decision ruling unconstitutional the pension... relate to interest payments and 1.5 billion to payments to the IMF.
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy. On the external front, the key risks relate to the refugee crisis, geopolitical uncertainty in the broader.... Additional preconditions also relate to increasing exports, combating high unemployment, education
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Newsletter 64 - 26/02/2016
. The January deductions mostly relate to the household lending sector (299 million) followed by a negative flow of 201 million in the corporate sector. The January deductions mostly relate to the household
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammebut have not been either legislated or implemented. These interventions relate to: 1) Imposition... will fight to secure pensions between 600 – 1,200 euros, which relate to the bulk of pensioners
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