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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammesometime in the next few months. 2) Tax rate of 30 percent on OPAP Video Lottery Terminals (VLTs), with targeted revenues at 100 million. But the VLT launch has been delayed and it is not yet known when... the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion euros
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBanking. In the course of 2015, the number of branches has been reduced by 100 to 856, while the headcount has... for cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomythey fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG... deposit rate has dropped by 17 bps year to date and overall by around 100 bps over the past 12 months... with a similar decrease in the overnight rate led the weighted average rate on total new deposits down by 2
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Newsletter 81 - 08/07/2016
deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May... has dropped by 17 bps in the year to date and by around 100 bps over the past 12 months. Corporate.... The headline figure is the lowest since Greece entered the eurozone in 2002. 2 Privatisations can be win-win
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Newsletter 86 - 26/08/2016
in June, reflecting a drop in foreign arrivals by 2 percent to 2.97 million and in the average... that it will provide a trade finance facility of 100 million to Eurobank, marking the first entry... of Greek debt. 2 A harsh social reality Greece's economic and social deterioration can no longer
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Mitsotakis uses tax cut pledge as driving force in effort to provide alternative
PoliticsGreek Politicssurplus target from 3.5 percent of GDP to 2 percent. The conservative chief also set extremely... of 100 billion euros in the Greek economy over a five-year period, taking private investment up to 20... to deliver 2 percent in GDP extra revenues to help Greece meet the fiscal targets agreed with its
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Current account surplus falls to 1.4 bln in July
EconomyMacroeconomy, largely on the back of a 2 percent decrease in non-residents’ arrivals. At the same time, travel... million in July, mostly due to an outflow of 100 million related to OPAP participation in the capital.... Meanwhile, the corresponding liabilities fell by 2 billion reflecting a drop in non-resident’s holding
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Newsletter 118 - 12/05/2017
. In the household lending sector, the consumer loan floating rate markedly dropped by almost 100 bps to 6.58.... 2 Unemployment edges down in February Jobless figure at five-year low The youth unemployment rate... IPI fell month-on-month at an accelerating pace of 2 percent in March, after edging down by 0.4
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Eurogroup doesn't end in tie for Tsipras
Agorathat since Schaeuble needed the IMF on board to live up to his pledge to German MPs, the adoption of 2... to or above but close to” 2 percent of GDP. Again, this is nothing to shout from the rooftops about... have initially wanted but it also requires Greece to set aside around 100 percent of its GDP
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBanking. P&L NII rose by 1.3 percent QoQ, slowing slightly from an increase of 2 percent in Q2, and stood... expenses remained more or less flat at 223.2 million. On an aggregate basis, the figure fell by 2... balances by 300 and 100 million, respectively. Business loans in Greece rose by around 300 million
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