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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP... tax scale includes four rates ranging from 22 percent for annual incomes up to 22,000 euros to 45... from 2.2 percent for incomes between 12 – 20,000 euros up to 10 percent for incomes above 220,000
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Locating Europe's pulse in the refugee crisis
Agorain Austria, a beefed up military and police presence on borders in many parts of Europe and stinging... fences have gone up. This has not resembled the progressive, open and self-confident EU that many... of refugees’ traumatic experiences, he takes a sheet of A4 paper and scrunches it up in his fist
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NPL resolution in Italy and Greece
Agoralenders and necessitated an increasing amount of provisioning, thus binding up valuable capital... with an “objective” property valuation of up to 140,000 euros. This threshold excludes the sale... and Eurobank are teaming up with the US private equity firm KKR to provide capital and manage exposures
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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingOn the asset quality front, the non-performing loan (NPL) ratio edged up to 37.8 percent in Q2 up from... billion with the NPE ratio edging up to 52.6 percent in Q2 from 52.1 percent in Q1, while the NPE...) ratio edged up to 16.6 percent in Q2 from 16.3 percent in Q1, mainly reflecting a reduction in risk
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Refugee crisis charade adds insult to EU's injuries
Agoraand give much of Europe peace of mind. The crisis, though, is threatening to flare up again and the EU... improvements in Greece. For instance, the Greek Asylum Service has stepped up its activity and preregistered... borders properly and that its future in the Schengen area may be up for debate as it is not showing
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomylast year and outperforming target by 2.85 billion. Revenues Revenues (before tax refunds) edged up..., up 4.9 percent from last year. For the full year target of 50.57 billion to be met, revenues... is the lowest monthly reading so far this year. The 8-month figure stood at 1.91 billion, up 7.6 percent from
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Why can't Greece be more like Cyprus?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/01/05/cyprus_myrto_1000_0501-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorathe reforms over the past years”. There were also warnings for Cyprus to “keep up the reform momentum... needed to bailout the eurozone countries, with Athens taking up almost 250 billion euros (more than...) by up to 1.7 percent year-on-year in 2016, while Greece’s economy is due to contract by another 0.3
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Another spin of the wheel for Greece
Agoracelebrations were to include this attraction. It went up amid much fanfare, only to come down a few days later... on December 5, when (in the absence of the second review being wrapped up) the Eurogroup agreed... billion euros in October. Greece’s current account surplus up to the end of October was down by 42.6
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Industrial production rises at slightly faster pace of 2.2 pct in Dec
EconomyMacroeconomyreflects a notable rise of 15.9 percent in electricity production, which makes up almost 21 percent of the total index. In addition, mining and quarrying production edged up 0.6 percent. On the flipside... a rise in their production in December, with energy significantly up by 9.1 percent, while capital
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomy, Greek government bonds (GGBs) eased by 140 million QoQ to 56.63 billion in Q4 making up 17.4 percent... at the end of December making up 3.5 percent of debt. The breakdown also showed special purpose... in 2016, up from 10.8 years in the 9-month period, while the respective maturity of total debt
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