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Greek time deposit rate down to 1.88 pct in November, lowest since euro entry
EconomyMacroeconomydeposit rate reached a high of just over 5 percent in June 2012 and has slipped by more than 3... in excess of the euro area average of 1.05 percent and more than 60 bps higher than the respective... a sharp rise of 51 bps posted in October. However, this rate still stands more than 2.5 percentage points
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Sowing the seeds of anomie in Greece
Agoraimplored the party’s lawmakers to be “whiter than white, purer than pure”. Unfortunately, it didn’t... to the hilt. It appears to be a case of wanting to avoid short-term political pain rather than laying... to understand why he did not receive more severe punishment than a one-year suspended sentence. An average
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomyimproved to 2.26 billion euros in July, which is more than double year on year (YoY). This was mainly... percent MoM. Since the beginning of the year, arrears have grown by more than 52 percent or 1.97... million corresponding to more than 13 percent of total arrears. Arrears due to hospitals’ suppliers also
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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economydeficit of 1.67 billion euros for 2015, more than 700 million worse than the 968 million budgeted last year. The ministry indicates that this mainly reflects lower than expected social security... for retirees who have been insured with more than one fund. This is one of the key reasons
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economysurplus reached 4.35 billion euros, which is 21.9 percent higher than last year and 1.7 billion better than the target. The year to date outperformance mainly stems from lower primary expenditure... billion euros, 32.3 percent lower than last year and 1.77 billion better than target. It is also
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Primary surplus beat target in 2015 on higher revenues and restrained spending
Economymarked by lower than expected primary expenditure by 626 million as well as higher than targeted Public... higher than target. Despite dropping by 294 million to 3.18 billion (1.8 percent of GDP), property... billion, 448 million lower than target. As a result, net revenues remained almost unchanged (-0.1
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Newsletter 62 - 12/02/2016
relations with the EU over the refugee crisis appear on a more even keel than they were a few weeks ago... is perhaps bigger than all the other challenges facing Tsipras. In its first period in government, between... security contributions rather than cut existing pensions. However, had he chosen to slash pensions again
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Budget primary surplus surges to 3.04 billion, extending outperformance
EconomyMacroeconomyby more than 1 billion coupled with an increase in net revenues by 800 million. Compared to targets... million better than target. For February in particular, revenues exceeded target by 365 million. Tax..., net revenues rose by 11.1 percent to 8.1 billion, 323 million better than target. Primary expenditure
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora1,200 in 2010-2014 to 2,562 at the end of 2014 and the staff by more than 15,000 employees to 44,332..., the cumulative provisions rose by more than 9.7 billion euros to 57.9 billion at the end of 2015 from 48.2...) formation showed mixed trends in the course of 2015. It halved QoQ in Q2, than it doubled in Q3
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
Societyliving in Athens and paying rent or a mortgage. While no more than 2.2 percent of the population lived... faced lower extreme poverty rates than those with children, with the exception of those with three children, which were in a better position than families with one or two. The survey also found
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