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Greek banks in intensive care: What lies ahead?
Agoraonly become available after the bank’s shareholders and creditors bear losses equivalent to 8... at 24.4 billion. In case of a bail-in equal to 8 percent of liabilities, this corresponds to 24.3... billion. Summing up, the potential cushion to cover the 24.3 billion from an 8 percent bail
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EU vote highlights Greek center-left's urgent need for renewal
PoliticsGreek PoliticsThe expectation that the PASOK-led Elia alliance would receive less than the 8 percent it got... SYRIZA come first by a margin of 3.9 percentage points and Elia in fourth with 8 percent. Democratic... that pre-election opinion polls created, Elia’s 8 percent was a poor result. In fact, even when
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Meeting of Greek and Turkish foreign ministers not expected to yield breakthrough
PoliticsForeign Policyministers of Greece and Turkey on November 8. The talks are due to take place in Athens and could define... for two scenarios that could emerge from the November 8 meeting. The first, which is rather unlikely... is certain is that the meeting on November 8, will prepare the ground for the Mitsotakis-Erdogan
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Greece's key pledges and requests at the Eurogroup meetings
PoliticsGreek Politicsagreement that during this period the Greek state will be funded under a minimalist menu that solves
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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeby the need to rollover 4.6 billion euros of T-Bills: 1.4 billion of 6-month T-Bills on March 6... in total to the IMF in four tranches on March 6, 13, 16 and 20. IMF repayments bring increased... million depending on the fortunes of the 6 month T-bill issue this week. Searching for funds
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The key points from lenders' proposals to Greece
EconomyProgramme. The Greek proposal included 3 VAT rates at 6, 11 and 23 percent, The lowest rate of 6 percent... contributory, and targeted pensions only at the attainment of the nominal retirement age of 67 years. 6... the health contributions for pensioners from 4 to 6 percent of gross pension and extension
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Annual debt strategy almost wrapped up with 5-year bond, at 3.92 pct yield
Economyfrom the markets, Greece has attracted 6 billion euros and is near the 7 billion euros... States was at 6 pct. Banks and Private Banks had the largest share with 44 pct, followed by fund managers with 6 pct and hedge funds at 6 pct.
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SYRIZA facing more departures as party's position continues to weaken
PoliticsGreek Politicsto former labour minister Efi Achtsioglou and her associates, who make up the so-called “6+6... continue being part of the grouping under the leadership of Stefanos Kasselakis. Although the “6+6
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Greek budget outperformed targets by 3.9bn euros to August, preliminary figures show
Economy. Primary expenditure was marginally up (0.3 percent) in August, bringing the 8 months figure down 9.1... have excluded it from the aforementioned figures. It is also noteworthy that the 8 months cash deficit... procurement and consumption where 8 months figures accounted for just 15-30 percent of the annual
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ILO highlights social impact of Greek crisis, proposes change in policy
Societyprotection cost were old-age related spending (11.3 percent of GDP) followed by sickness related benefits (8..., which retreated by almost 8 percent over this period. The overall decline in social protection... between 2009 and 2010 and further by 8 percent in the first half of 2011, while admissions to private
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