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General gov't primary cash surplus for Jan-May reaches 1.22 bln as arrears drop
EconomyMacroeconomyeuros, meaning that the gg deficit has widened by around 1 billion in May, mainly reflecting state...-terms bonds by 8.2 billion counterbalanced by a net increase of 4 and 4.3 billion in short- and long... March and then reached 1.1 billion at the end of April and 4 billion at the end of May, is most
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Greek tax revenues at 33.5 pct of GDP in 2013, slightly below OECD average
EconomyMacroeconomyby almost 4 percentage points (pp) but that mainly reflects the GDP contraction over this period... percent. After reaching a low of 1 percent in 2010, the property tax to GDP ratio hiked to 1.8... the OECD average. It makes up 34.9 percent of total taxation, 4 pp above the OECD average. The report
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What next Greece?
AgoraIt is easier to write down big questions on Greece’s future; harder to answer them: (1) Will Syriza... will it stay on track? (4) How much additional debt relief and financing will the Troika give to Greece... surplus towards and beyond 4% of GDP. The Eurozone authorities face a moral hazard-related dilemma
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Relief at Greek extension approval evident in Athens bourse, bond yields
Economyover the past 4 weeks after elections. Piraeus Bank shares excelled (+20 percent), followed by Alpha... maturities. The 3-year GGB yield fell by more than 4 percentage points (pp) to 12.6 percent from its... percent from 14.3 percent. In contrast, the 10-year GGB yield narrowed by less than 1 pp to 8.68 percent.
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Newsletter 24 - 24/04/2015
, as well as repayments to the IMF (of 180 million on May 1 and 700 million on May 12) and interest...) funding. Banking sources note that outflows reached 3–4 billion in March, an amount which was almost... that banks have an ELA cash liquidity buffer of 2.9 billion, down from 4 billion the previous week, implying
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National Bank posts losses of 159 mln in Q1 2015
EconomyBankingby 3 and 4 percent respectively. Net interest income (NII) fell 5 percent QoQ, largely stemming from... in corporate and Small Business Loans (SBLs) spread. Operating expenses declined by 4 percent QoQ mainly... III Common Equity Tier 1 (CET1) ratio eased to 12.1 percent in Q1 from 13.6 percent in Q4, mainly
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammeTerminals (VLTs) and revenues from the issuance of 4 and 5G licences remain identical to the previous... to cover potential fiscal shortfalls: 1) Increase the tax rate on income for rents with additional... in nominal terms until 2021 · increase in the health contributions for pensioners from 4 to 6 percent
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... in the previous months 4) Golden Dawn is set to pip To Potami for third place again, with the two parties... Unity is seen gaining support of 4 to 5 percent in most polls, which is enough to elect MPs but much
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Amid talk of post-election alliances, parties propose changes to bailout measures
PoliticsGreek PoliticsG Dawn 6.5 KKE & PASOK 4.5 Potami 4 Cent Union 3.5 Pop Unity & Ind Grks 2.5 Undec 17.5 #Greece..., PASOK leader Fofi Gennimata set out the five following demands: 1) No freeing up of mass... with aim of lowering new rates 4) Scrapping 23 percent VAT rate on private education agreed this summer
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Lenders also require health and labour market reforms from gov't in next months
EconomyProgrammefor pensioners. In specific, health contributions for main pensions have been increased from 4 to 6... outlines a series of key deliverables for September and October including: 1) Extension of the 2015 claw... and update every six months 4) Review and limit the prices of diagnostic tests to bring structural
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