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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
EconomyGreece’s central government debt grew for the third successive quarter in Q4 of 2015 by 6.78...) loans by 6.34 billion euros. Much smaller changes were recorded in special purpose and bilateral... almost 69 percent of total central government debt. On top of bilateral (52.9 billion) and EFSF
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In hindsight it would have been nicer
Agorapublication of the ex-post evaluation of Greece’s 2010 Stand-By Agreement. In the document published... admits that Greece’s bailout had two key characteristics. Primarily, it was a holding operation so.... The evolution over time of the eurozone’s response to the Greek crisis is characteristic to what
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General government bottom line continues to improve with moderate decrease in arrears
EconomyMacroeconomy. The government is expected to repay arrears of 7 billion by the end of the year, 1 billion lower than the initial target. Staikouras also stressed Greece will manage a gg deficit (under Eurostat’s definition...-off SMP income of 1.5 billion (0.8 percent of GDP) not included in Greece’s MoU fiscal targets. Even
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Greece's lenders adopt cautious approach to new government
EconomyProgrammeto work constructively with the new Greek government” adding that “we want Greece to be able to repay... adopted so far have resulted in a reduction of Greece’s debt in Net Present Value (NV) terms of almost 40 percent of European loans to Greece. Regling also stressed that EFSF is by far Greece’s largest
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The key points from Greece's proposal to lenders
EconomyProgrammein order to repay the total amount in two phases: one by the end of June and the second in accordance with the subsequent refinancing of the country’s debt. 3) Those two restructurings of public debt... from March 31, 2016 or earlier. 4) The repayment of GGBs held by the ECB will allow for Greece’s
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General government primary cash surplus narrows to 2.48 bln, arrears almost stable in Sept
EconomyMacroeconomy(SSFs) turned last year’s primary cash surplus of 117 million to a deficit of 204 million this year...), April (+8.8 percent) and July (+7.9 percent) reflecting the government’s decision to delay... sub-tranches, the government has indicated it intends to repay arrears of around 3 billion
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General gov't primary cash surplus widens notably to 4.84 bln by October
EconomyMacroeconomyin the state budgets’s primary surplus and to a lesser extent of extrabudgetary funds in October... billion last year, with 2.3 billion of this year’s figure recorded in October also attributed... to repay arrears of around 3 billion euros in the last quarter of this year and of 7 billion in total
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More than half of Greek households rely mainly on pensions
Societythe country’s largest small- and medium business association has found. The research, conducted... households in 2015. Last year’s figure was slightly lower than the record 52 percent recorded in 2014... percent doubt they will be able to repay their loans. Of the one in four households that have
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General gov't primary cash surplus climbs to 1.3 bln in Jan, arrears resume upward trend
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus more than tripled to 1.27 billion euros... in January from 5.38 billion at the end of 2015. Last year’s arrears had climbed by 1.55 billion euros... of the first programme is due to be used by the government to repay part of the outstanding arrears. Debt
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EWG clears 7.5 bln tranche for Greece in first step before disbursement
EconomyProgrammemonth would be cleared in the next five months. Overall, the government aims to repay arrears of 3.5... that Greece’s debt obligations between June and September amount to 5.74 billion, while another 1.67... billion, the 6.8 billion that is earmarked for debt servicing would cover Greece’s debt obligations
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