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Greek banks in intensive care: What lies ahead?
Agorasector acquisition meaning that parts of the bank can be sold without the consent of shareholders 2... functions or facilitate the continuous access to deposits. 3) Separate clean and toxic assets... about the banks’ solvency also linked to liquidity issues. 2) The assumptions of the ECB/SSM
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European Commission evaluates impact of bailout programme
EconomyProgrammeage of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero) for supplementary pensions. 3) Integrating all supplementary... a closer link between contributions and benefits. 2) Broaden and modernise the contribution and pension
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyof 1.46 billion. 2) Extension of submission of the personal income tax (PIT) declarations leading to a delay in the first instalment payment targeted above 800 million. 3) Non-assessment (and consequently... to Manpower Employment Agency (at 26.7 percent of the FY target) 2) Other social security funds
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Newsletter 45 - 02/10/2015
of prior actions for the disbursement of the next bailout tranche of 3 billion euros. Media reports indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two...’s budget envisaged a general government primary surplus of 5.6 billion (3 percent of GDP
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Marginal changes in loan and deposit rates in Sept
EconomyMacroeconomydeposits fell by 2 bps to 0.69 percent in September indicating the lowest reading in the post-euro era... (for amounts above 250,000 euros and below 1 million) and by 3 bps (for amounts above 1 million euros... rate down by 3 bps to 2.36 percent, while that for consumer loans without a fixed maturity (mostly
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Greece concludes regional airports deal, more privatisations lie ahead
Economy. The proceeds, including the regional airports, are seen at 3 billion euros. The deadline... budget, the Finance Ministry indicated privatisation revenues of 2 billion euros for 2016, lower than HRADF’s more ambitious target of 3 billion. In their last debt sustainability analysis (DSA) last
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Newsletter 58 - 15/01/2016
of GDP in 2016 and 3 percent until 2018. These projections do not take into account the impact... for main pensions, which would increase to 3.7 billion, or 2 percent of GDP, if the court’s decision... lower than in 2014. 2 Syriza's slow march The lack of strategic planning and clear thinking could bite
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Newsletter 63 - 19/02/2016
, Eurobank is due to publish results on March 2, followed by Alpha and Piraeus on March 3 and 9... over the past four years. Apartment prices fell for the seventh straight year in 2015. 2 A marriage... 3 billion euros in aid over two years rather than one, bargains with the EU, Greece seems little
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingtrading income, the bank’s core pre-provision income (PPI) fell 3 percent quarter on quarter (QoQ... that out of the 3 billion euros in impairments in 2015, 1.6 billion relate to the outcome... billion euros, the majority (15.6 billion) relates to loans, 5.1 billion to pillar II bonds, 2 billion
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Bailout talks resume with key issues pending and contingency measures emerging
EconomyProgrammea proposal apparently made by the institutions for contingent measures of up to 2 percent of GDP (3.6 billion.... The European Commission along with the Greek government see a fiscal gap of 3 percent to achieve... and with a different approach on what the proposed measures might yield, the IMF insists that the measures of 3
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