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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomy(for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros... credit cards) slipped by 4 bps to 14.6 percent. Furthermore, the interest rate in loans to sole... average rate on new loans declined by 4 bps to 4.79 percent in September. The combination of slightly
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammefor the supplementary funds increases by 1 percentage point (pp) to 4 percent for employers and by 0.5 pp... rates. We present below the key interventions of the government’s 170-page final plan: 1... of two parts, the national (fixed) and the contributory (variable) pension. 4) The national pension
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Newsletter 62 - 12/02/2016
percent of GDP, Greece needs to take measures in the order of some 4–5 percent of GDP (up to 8.8 billion..., which would be reduced by 1 percentage point for incremental income of 1,000 euros. Thus, the discount... government, which recently marked its first anniversary in power. During the February 4 general
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Can Greece learn to love renewable energy?
EconomyFeaturesto an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek....[4] Given the current framework, the government’s target of reaching 20 percent renewable energy... and short term economic outlook that would be a welcome buffer. [1] http://www.ren21.net/wp-content
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesand Chinese steel imports to curb the effect of cheap steel on European prices.[1] The fallout from... in the same period.[4] This August, Chinese steel exports fell to their lowest in six months, going... blamed on price volatility of raw commodities. [1] https://www.ft.com
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammeindicator, a score of 1 to 4 is assigned in the ESM’s analysis. Specifically, if a country is among the 25 percent of best performers it is assigned the score 4 (most resilient), while those among the 25 percent worst-performers are assigned the score 1 (most vulnerable). To identify the cut-off
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Greek SMEs struggle most for finance versus eurozone peers
EconomyMacroeconomy, it was by far the lowest in the eurozone and well below the average of around 19 percent. On a scale of 1.... The eurozone average was close to 1 percent. In contrast to an improvement in the eurozone, Greek SMEs... negative (-4 percent) in the eurozone for the fourth time in a row. On the factors with an impact
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingto the reclassification of 69 million from loan impairments. Operating expenses edged up 1 percent QoQ to 292... and administrative costs by 4 and 6 percent respectively. The number of branches and employees has... exchanged in H1 due to the implementation of the short-term debt relief measures. The Common Equity Tier 1
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Newsletter 155 -16/03/2018
of that year, Greece had attracted close to 4 billion euros in offers but for a steep yield of 4.85 percent... billion if the PDMA issues a 10-year bond by then. Around 4 billion euros will come from borrowing... quarter-on-quarter to over 1 million, along with a fall in those employed by 87,372 to 3.7 million
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Newsletter 175 -21/09/2018
in beating targets (Athens expects that this year’s primary surplus could end up above 4 percent of GDP... that cutting pension spending by 1 percent of GDP from January, a few months before the general... on October 1 will still contain plans for the pensions to be cut. The discussion about next year’s
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