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Greece passes latest omnibus bill, looks to next actions ahead
EconomyProgramme-tranche of 2 billion euros was voted through the Greek Parliament on Thursday evening. The bill... to disburse the 2 billion euros on Monday. As we indicated on Thursday, a series of pending issues... of non-performing loans for both corporate and households. 2) An overhaul of the pension system
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Newsletter 55 - 12/12/2015
2016, which he set at around 3 billion, a higher figure than the 2016 budget target of 2 billion. In their last debt sustainability analysis last summer, the IMF foresaw privatization revenues of 2... percent). The low reading is largely due to a decline in housing and transport prices. 2 A love
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from provisions related to a new voluntary retirement scheme to be implemented within 2016 3) Other... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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Newsletter 78 - 17/06/2016
forecasts a marginal recession of 0.3 percent in 2016, while a strong GDP rebound of 2.5 and 3 percent... if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018
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S&P affirms Greece’s rating with stable outlook
Economygrowth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating... and cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio
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Newsletter 93 - 21/10/2016
coupled with a higher increase of 2 percent in mining and quarrying turnover. Despite the modest... for a mild GDP contraction of 0.3 percent for 2016 and a strong rebound of 2.5 and 3 percent for 2017... percent, while mining and quarrying turnover expanded at a higher pace of 2 percent. However
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Newsletter 103 - 20/01/2017
, the total number of payment cards in the Greek market rose further by 3 percent in the first half... on TrainOSE’s debt to OSE, amounting to more than 700 million, is pending. 2 Budget primary surplus almost... in industry rebounded by 2 percent in November after an upward revised drop of 2.9 percent in October
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Newsletter 114 - 07/04/2017
, the interventions lined up for 2020 will be moved forward by a year so that all 2 percent of GDP in new... of the Independent Authority for Public Revenue (IAPR). The figures showed that 2 percent of the total tax debt..., liquidations and loan sales was rather limited, the BoG said. 2 Unemployment rate remains stable At 4.76
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Newsletter 123 - 16/06/2017
, while the surpluses from 2023 to 2060 would have to be “equal to or above but close to” 2 percent... said that around 2 billion dollars would be made available for Greece, but on hold until the Fund... of 4.33 billion. Of this year’s amount, almost 3 billion, corresponding to around three quarters
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