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Newsletter 3 - 14/11/2014
Greek bond yields above 8 percent. The other option would be to extend the current programme... by the December 8 Eurogroup meeting has been set by both the troika and the Greek government as the key.... But this emerging stabilisation from a low point of departure is still too frail and uneven across other
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The key points from Greece's proposal to lenders
EconomyProgrammewill be implemented as of October 1. 2) Introduction of a reward point system for the registration of receipts... and 500,000 euros and to 8 percent for higher amounts. The measure is expected to yield 220 million... for the acquisition and use of frequencies with projected revenues at 120 million 8) New measures
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European Commission evaluates impact of bailout programme
EconomyProgrammeretirement for those affected by the extension of the retirement age period. 8) Improve the adequacy... (IKA) have contributed 15 years or less i.e. only to the point where they are entitled the minimum... for around 8 percent of GDP. In addition, the document stresses that before the reform the VAT gap
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economystood at 9.5 percent for the baseline and at 8 percent for the adverse scenario. Both figures...), at 8 and 5.5 percent respectively. Macro assumptions The ECB also unveiled on Saturday the macro... of understanding (MoU) and point to a GDP contraction of 2.3 and 1.3 percent for 2015 and 2016 respectively
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agora. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... to maintain a minimum CET1 ratio of 8 percent in the adverse scenario (from 5.5 percent last year) and of 9.5 percent in the baseline scenario (from 8 percent in 2014). *Manos Giakoumis is the head analyst
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Newsletter 50 - 06/11/2015
an annual coupon of 8 percent. In addition, they are mandatorily converted to common shares if a bank’s CET1..., while their approval is expected by November 8. The two key pillars of the capital plans involve... 30 refugees have been reallocated – to Luxembourg. This means that there is also a point of friction
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomymillion) 6) Income tax on corporate cars (91 million) 7) Tax on coffee (62 million) 8) Tax on fixed..., while bonds are seen down by 8 billion due to redemptions. Interest payments as a percentage of GDP... and point to a mild recession of 0.3 percent in 2016 and a strong GDP growth of 2.7 percent in 2017
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Aided by underspend, budget primary surplus reaches 1.84 bln in 5-month, 792 mln above target
EconomyMacroeconomy) revenues (by 538 million). We point out that the revenue revision stems from a higher projection... quarter from last year, while outperformed target by 794 million. Revenues Gross revenues rebounded by 8... period in line with target of 8 million.
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek Politics. The Communist Party follows with 13 percent, To Potami with 9, Golden Dawn on 8 and the Union of Centrists with 8 percent. The pro-drachma party of former parliamentary speaker Zoe Konstantopoulou, Sailing.... “It's an important point. If we did not think that we had a good chance of getting agreement on the debt
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Going for Growth: What next for Greece's economy and banks?
Agoradominating. And despite a Financial Times article in 2018[8] that stated that some 40 percent of firms..., should know that they are not alone. The point is that, that firms like Anek Lines SA (passenger...://topforeignstocks.com/2015/06/28/the-8-largest-and-most-powerful-greek-companies/ [8] https://www.ft.com
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