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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomyremains the highest in the eurozone and almost 1 percentage point (pp) above the euro area average... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop... percent. The interest rate in loans to sole proprietors slipped by 8 bps to 7.65 percent. The drop
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeindications also point to a unified tax scale for salary-earners, pensioners and the self-employed... relates to the solidarity levy rates, which currently range between 1.4 percent and 8 percent, starting... for a 1.5 percentage point increase in the relevant social security contributions to cover the gap
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Tsipras travels to China hoping to fulfil ambition of closer Sino-Greek ties
PoliticsForeign Policyof Chinese companies operating in Greece, including COSCO, Huawei, ZTE, and Air China point..., with COSCO signing a 368.5-million-euro agreement on April 8 for a majority stake in the port... will be the starting point for a collaboration in a number of fields that include tourism, further Chinese investment
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Newsletter 102 - 13/01/2017
Tourism Confederation (INSETE). Specifically, the preliminary estimates for airline seat planning point... Commission and OECD estimates point to a higher increase of 1.1 percent. Tobacco, housing and hotels, cafes... upswing reflects an improvement in electricity production by 8 percent, while smaller rises were
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EU disunity on refugees and its poisonous effects
Agoraminister did not shy away from addressing this point. He explained that he had to agree to rules he did not like and that if he had to do so, others should do the same. There is a very important point here..., there are great shortcomings. As of December 8, just over 32,000 refugees had been formally relocated from
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Check, please: How much Alexis Tsipras's first months cost Greece
Agoraout the necessary route for Greece to reach the point of graduating from the ESM programme? What.... At that point, it became apparent that Tsipras would trigger new elections by refusing to agree... of the first half of 2015 on state cash comes to 8 billion euros. The final bill Tsipras has often had
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A year of risk and reward for Greece
Agorabut it will represent a psychological turning point. For the first time since the initial memorandum... on the last point are well-founded. The SYRIZA-led coalition is promoting the idea of a clean exit... at a minimum of 7–8 years. Greece cannot hope to move forward after its programme exit if such vital
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Greek health care spending in the spotlight
EconomyFeaturesin excessive drug costs. As it happens, 2010 marks an inflexion point for the Greek health care sector... of line with the rest of the European Union, where the average health care spend went from 8 percent... on drugs, at the expense of prevention and care. Even at its high point in 2009, total health care
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesin total (around 8 percent of all pensioners). However, in 2017 new measures were also pre-legislated... a system already at breaking point into a perfect storm of recession and austerity. Funding from... under 4 percent of GDP in 2014 terms. Since that low point, pension finances have been helped
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Details of bond issue give Athens boost in bid to establish market access
Economythe yield of the 7-year bond issued in February 2018 dropping by quarter of a percentage point (25... by a further 8 bps. Capitalising on those favourable market conditions, the PDMA decided to announce its... million euros from the joint-bookrunners, and at that point the books officially opened at 12:55 local
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