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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsthere is room to reduce the demand for 2 percent of GDP (3.6 billion euros) in new measures. Any
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Newsletter 111 - 17/03/2017
figure of 95.29 billion, mostly reflecting write-offs and revenue collection from confiscations. 2
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Primary cash surplus almost halves to 1.1 bln in 2-month
EconomyMacroeconomy2 billion, related to the sale of Finansbank by National Bank (NBG), for the repayment of a loan
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Stocks edge down 0.6 pct as review talks continue
Economylowest level since January 2. However, it climbed to around 51 million on Friday. Overall, the lack
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ECB increases ELA ceiling for Greek banks by 400 mln for first time since summer 2015
EconomyMacroeconomywas cut by 200 million on February 2, remained stable on February 16 and eased by 100 million on March 9
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Budget primary surplus outperforms in 2-month, tax revenues underperform in Feb
EconomyMacroeconomyincome tax (-79 million). Indirect taxes declined by 2 percent in February, but rebounded by 6.2
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Progress seen after Brussels talks but review conclusion still out of reach
PoliticsGreek Politicsmeasures that Greece wants to implement to counter the impact of the 2 percent of GDP in new fiscal
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Marginal drop in time deposit rate, sharp decline in corporate lending rates in Feb
EconomyMacroeconomyGreek households’ new time deposit rate dropped by another 2 basis points (bps) and landed at 0.67 percent in February, Bank of Greece (BoG) figures showed on Friday. The headline figure represents a new record low since 2002, when Greece entered the eurozone. It stands 24 bps above the euro area
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General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month
EconomyMacroeconomya repayment to the European Stability Mechansim (ESM) on February 20 of a loan worth 2 billion, which
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Report reveals just 0.4 pct of taxpayers owe 85 pct of total tax debt
EconomyMacroeconomy. The breakdown showed 2 percent of the total tax debt (1.82 billion) is owed by 83.8 percent
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