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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeissues that need to be settled are: 1) The national pension, with lenders insisting the whole amount... working years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... percent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively
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Newsletter 70 - 15/04/2016
of 3.5 percent in 2018 that would be covered by interventions in the pension system (1 percent), personal income tax (1 percent) and a series of parametric measures (1.2 percent). The draft IMF... pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion... by the end of the programme in August. The total figure is now seen at 16.4 billion euros rather than
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Newsletter 164 -01/06/2018
Stability Mechanism will be able to release another sub-tranche of 1 billion euros. In the meantime... billion euros (10.6 percent of the total). Overall, 839,891 debtors fall into this category, an increase... and 30,000 euros each for an aggregate amount of 2.98 billion (9.3 percent of the total). The number
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingin risk weighted assets. The fully loaded total CET 1 stood at 14.9 percent. The bank’s Tangible.... On an annual basis, NPE stock dropped by 3.1 billion euros compared to 2018. Total NPE stock came to 21.8... coverage ratio at 65 percent. Total coverage including collateral came to 118 percent. Regarding
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Newsletter 247 -10/04/2020
is currently in use, with 84 beds occupied out of 247. Total ICU capacity available to the public health... has set aside 1 billion euros. The firms that claim the money back will have to repay it to the tax... to the platform that opened last week. 2 Unemployment at 16.4 pct in Jan Headline figure remains unchanged from
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Newsletter 238 -07/02/2020
securitisations in the first half of 2020. 2 Unemployment at 16.5 pct in Nov Total employment reaches 3.91... or a rise of 2 percent. Total employment reached 3.91 million people. The overall labour force came..., Phoenix and Vega. The first portfolio, code-named Phoenix, carries a gross book value of 2 billion euros
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Newsletter 44 - 25/09/2015
to get his parliamentary group to read from the same page. However, total unity cannot be guaranteed... for a milder recession in 2015 of between 1.5 and 2 percent, compared to the official forecast of 2.3 percent... a best-case scenario. This scenario assumes total capital needs of up to 15 billion euros, almost
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammetakes the total amount of ESM financing resources drawn by Greece to 61.9 billion euros, leaving 24.1... in the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankinga decline for an eighth quarter. A minor increase of 1 million euros in NPE formations was seen... quarters. As mentioned, the target for NPE stock across the rest of the year is for the total to stand... with a consortium for the sale of non-collateralised and unsecured consumer loans for a total outstanding
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