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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammefor recovery and growth of the Greek economy”, to begin soon. Reforms 1. The first reform relates... in the surcharges. The law allows for debtors to pay in advance of the tax submission set date (end of May... of 2013 has been abandoned. 5. The fifth reform involves the immediate public revenue accrual through
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European Commission's Greek DSA sees recession ahead, debt becoming unsustainable
EconomyProgrammetargets (-1 percent in 2015, 0 percent in 2016 and 1.5 percent in 2017). Based on these assumptions... threshold set by the IMF in the following decades. As a result, Brussels concludes that the high level... and ANFA profits. This would bring the debt ratio down by 5 percentage points in 2030. In addition
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The targets and deadlines in Greece's privatisation programme
EconomyProgrammeinvolve: 1) Regional airports divided into two clusters of 7 airports each. The tender was awarded... be approved and signed off by the CoS. The expected closing date is by the end of the year. 5) Hellenic Gas... with the new deadline reportedly set at September 30. However, the call of snap elections will probably
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IMF sees Greek debt above 200 pct of GDP in 2016, at 182 pct in 2020
Economyis seen easing to 1 percent in 2018 and to 0.3 percent in 2020. The cost of bank recapitalisation...) and substantially above the 124 percent target set by the November 2012 Eurogroup. Debt projections provided by the IMF for the 2016-2020 period are 5 to 8 pp above the respective estimates of the European
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Greek shares up for the third straight week on strong performance from banks
Economybetween 5 to 7 billion. At the same time, bankers also appeared optimistic on the final outcome... euros per share on October 19 with the payment date set on October 23. On Monday, Piraeus released... on Thursday Greek banks’ Emergency Liquidity Assistance (ELA) ceiling for the fifth straight time by 1 billion
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Newsletter 50 - 06/11/2015
) for the remaining 75 percent. CoCos, which qualify as Common Equity Tier 1 (CET1) capital pari passu... be trimmed to around 5 billion, one-fifth of the financial envelope of 25 billion envisaged by the EU... reflects the slow response from the European Union, it also highlights Greece’s inability so far to set up
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Deflated SYRIZA shuns broader political cooperation for now
PoliticsGreek Politicsinstalment of 1 billion euros. Given that the talks had concluded and sensitive issues such as pension... that the committee meeting had been planned to run until 9 p.m. on Saturday but concluded at around 5 p.m., before resuming on Sunday, due to a lack of appetite for discussion. Members adopted on Sunday a set
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Gov't proposes easing impact of pension reforms on self-employed for three years
Economy. The income ceiling was set at 55,000 euros, where the proposed discount stands at 5 percent. The Ministry..., which is reduced by 1 percentage point for incremental income of 1,000 euros. Thus, for annual
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeeuros (4.3 percent of GDP) from the following interventions: 1) Increase in the solidarity levy rates... rates on farmers’ income (32 million) 4) Income tax code reform (150 million) 5) Other.... This ceiling was reportedly set at 500,000 euros for SME loans, at 250,000 euros for loans to self
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Newsletter 78 - 17/06/2016
and privatisations as well as an exacerbation of the refugee crisis. BoG proposed a set of debt relief... with a decrease in the number of unemployed by 77,400 to 1.2 million. The number of long-term (more than 1... of the total UK population when it is actually around 5 percent. Britons also vastly overestimate how much
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