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Greek retail sales dive 8.5 pct in May after brief rise in April
EconomyMacroeconomya rise in private consumption by 0.5 – 1 percent in 2014 for the first time in the past 6 years. Its.... Unlike the official estimate for a slowdown in private consumption to -1.8 percent in 2014 from -6
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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammeEurogroup President Jeroen Dijsselbloem announced after the November 6 Eurogroup... accompany the new agreement: 1) Social security fund consolidation, alignment of retirement criteria... of strike framework to European standards. 5) Justice system reform. 6) Restructuring of hospitals
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Newsletter 5 - 28/11/2014
markets. Unlike an application for a precautionary credit line (ECCL) or 6- or 12-month extension... is that with PASOK polling under 6 percent in most opinion polls, success would be hard to come by if one.... Consumer confidence also improved for the second straight month, rising by 1 point to -49.9 from -50.9
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Conditions for Greek ECCL reportedly outlined in German document
EconomyProgrammethat Greece’s funding needs for 2015 range between 6 and 12 billion euros. This means that the 10.9... been fulfilled. The German document outlines the key conditions for the ECCL: 1) Elimination of any... access is not possible without a safety net. 6) Continued improvement of external balance
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Greek retail turnover index down 1.6 pct in November
EconomyMacroeconomyand tobacco (-6 percent), pharmaceuticals products and cosmetics (-5.2 percent) and automotive fuel (-4.9... and electrical and household equipment plunged 53.5 percent over the past 6 years, followed by retail sales... to -49.3 in January. However, retail trade indicator fell by 5.7 points to -1, its lowest level since
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammeof 6 percent on pharmaceuticals, books and theatre, 13 percent for basic food, energy, hotel... to cover potential fiscal shortfalls: 1) Increase the tax rate on income for rents with additional... in nominal terms until 2021 · increase in the health contributions for pensioners from 4 to 6 percent
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... at around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work... percent threshold to enter Parliament 6) In contrast, coalition partner Independent Greeks seems
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Lenders also require health and labour market reforms from gov't in next months
EconomyProgrammefor pensioners. In specific, health contributions for main pensions have been increased from 4 to 6 percent, while for supplementary pensions a similar rate of 6 percent was introduced for the first time... outlines a series of key deliverables for September and October including: 1) Extension of the 2015 claw
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Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015
EconomyMacroeconomy. On the flipside, travel receipts advanced by 6 percent to 14.19 billion on the back of an increase in non... to a rise of 6 billion in residents’ holdings of foreign bonds and T-Bills, largely reflecting the ESM... liabilities rose by 1 billion largely due to non-residents’ investment in Greek shares, mainly the recent
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Asking Greece to stack more austerity measures ignores past failings
Agoranegotiations was that the goal for the primary surplus in 2018 was lowered by 1 point to 3.5 percent... of heavy fiscal lifting in 2012 with 12.4 billion, 6 billion in cuts and 6.4 billion in revenues... and have brought servicing costs down from pre-crisis levels, when Greece was paying over 6 percent of GDP
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