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This is what's in the legislation Greece has to approve by Wednesday night
EconomyProgrammethe solidarity levy rate remains unchanged at 0.7 percent applied to the whole amount 2) Between 20,000 and 30,000 euros, the rate remains at 1.4 percent 3) Between 30,000 and 50,000 euros, the rate increases to 2 percent (from 1.4 percent before) 4) Between 50,000 and 100,000 euros, the rate rises to 4
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Newsletter 36 - 24/07/2015
be sold without the consent of shareholders, 2) transferring business to a bridge bank, 3) separating... of capital controls since June 29, 2) the banks’ financial results for the second quarter of 2015, 3... 690 million euros year-on-year. 2 Divided we fall Treating Greek crisis as a national problem has
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomybillion that have not been collected yet. 2) Non assessment (and consequently non payment) of the first... in early October. Expenditure Primary expenditure slipped by 2 percent in August, which indicates... to 24.72 billion, 2.8 billion better than target. The bulk of this outperformance was mainly created in 3
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Newsletter 43 - 18/09/2015
, which, if there are eight parties in Parliament (with Independent Greeks not passing the 3 percent... will unlock the next tranche of 3 billion, eligibility for the ECB’s quantitative easing programme... 26.6 percent in Q1. The unemployment rate also improved by 2 points compared to the Q2 2014 rate
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBankinginterest income (NII) fell 2 percent quarter on quarter (QoQ) to 738 million mostly due to negative FX... income down 22 percent QoQ to 759 million. As a result, despite a cut in operating expenses by 3 percent... time since the turmoil that emerged last December. In contrast, gross loans contracted by around 3
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Newsletter 51 - 12/11/2015
3 billion, with an additional 0.4 billion expected after the bail-in is triggered. As we indicated... an initial indication on November 3, Eurobank announced on November 12 that it has received... already clarified it would also seek state aid of 2 billion to cover its total capital shortfall
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Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
EconomyMacroeconomyof 2 percent in Q3, which also reflected a low base effect. The Q4 figure is also worse than the flash... percent QoQ and 2 percent YoY leading final consumption expenditure down 1.1 percent QoQ and up 0.6... due to a sharp drop in services by 7.4 percent that more than offset a rise in goods by 3 percent
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingin revenues by 3 percent. Asset quality Non-performing exposure (NPE) formation turned positive... and liquidations (4.5 billion). Selected sales are seen at 2 billion. P&L Net interest income (NII) contracted by 3 percent QoQ to 440 million, as the positive impact from lower funding cost
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Banks focus on defining challenge of reducing NPEs
EconomyBanking3 cents on the euro of loan principal sold, which translated into 45 million euros for the whole... comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros, as of June 30... is proceeding with the sale of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new
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For better or worse: Greece's bailout exit deja vu
Agoraprogramme were for a primary surplus of 3 percent in 2015, going up to 4.5 percent of GDP in 2016... and estimates, Greece was expected to save an additional 1.7 to 2 billion euros annually over the period... on current policies Greece would need 2 percent of GDP in measures to sustain the 3.5 percent primary
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