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Samaras sets out New Democracy's plans for growth
EconomyGDP rise of more than 30 percent on the 2014 figure of 178.9 billion that would bring nominal GDP... lower than the peak of 242.1 billion in 2008. However, for this target to be achieved, nominal GDP..., tourism and agriculture are projected to contribute more than half (55 percent or almost 30
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomyrate remains around 80 bps above the euro area average and more than 60 bps higher than the respective... mid-2010. However, the current rate remains around 2 percentage points higher than the euro area average... stable at 5.97 percent (for amounts lower than 250,000 euros) and at 5.22 percent (for amounts between
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Finance Ministry targets 3 bln from unpaid taxes
EconomyMacroeconomy1.1 billion in January, which is slightly lower than the 1.27 billion recorded in December and 1.59... and more than 450,000 firms. The breakdown shows that 86 percent of individuals and 79 percent... totalling up to 5,000 stands at 2.3 billion (3 percent). Unpaid tax obligations higher than 5,000
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Greek central gov't debt rises to recent high of 181.1 pct at end of Q4 2014
EconomyMacroeconomystanding at 217.92 billion making up more than two-thirds (67.2 percent) of total debt. Note... years in Q4 from 16.5 years in Q3. The latter was the highest historical reading. More than 77 percent of outstanding debt has a residual maturity of more than 5 years, while the remaining 23 percent
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Unemployment rate edges up to 26.1 pct in Q4 2014
EconomyMacroeconomythan 2 pp YoY to 29.6 percent. However, it is still more than 6 pp above that of men at 23.3 percent. Youth unemployment (15-24 years) dropped by more than 5 pp YoY, yet it remains above the 50-percent... with the unemployment rate decreasing by more than 3 pp YoY to 41.1 percent. The 30-44 age group also showed
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Why Greece is asking for 1.2 bln back from the EFSF
Agorathe country’s debt and the debt to GDP ratio by more than 6 percentage points. Those bonds were... fee (on the nominal amount of EFSF bonds banks have received) of more than 220 million for 2012-2013 c) Interest income from the EFSF bonds and deposits with the Bank of Greece (BoG) of more than 500
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Higher revenues set to ease coalition's liquidity concerns
EconomyProgrammein March, is that foreign investors hold more than 50 percent of those securities. Since they are reluctant to rollover their Greek T-Bill holdings as of December, more than 700 million of maturing T-Bills... bound by the ECB not to increase their T-Bill exposure at levels higher than those of February 18
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Lower spending, extra revenues result in budget execution beating targets in March
EconomyMacroeconomy(by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting... target by 491 million, primary expenditure was 589 million lower than target, while PIB revenues were... with the respective surplus at 648 million more than three times higher than the February figure
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Budget primary surplus grows in April thanks to one-off revenues and restricted spending
EconomyMacroeconomyGreece’s 4-month budget primary surplus more than doubled to 2.16 billion euros from 1.05 billion... billion better than target. The breakdown of the key budget items displayed revenues (before tax..., the 4-month figure settled at 12.41 billion, down 6.3 percent and 1.46 billion better than target
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Disposable income up by 2.6 pct in Q1 for highest reading since 2009
EconomyMacroeconomyit increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according... by more than 12 billion euros or 30.8 percent since Q1 2009, which clearly depicts the direct and indirect... than 47 percent in the past six years. Household final consumption slipped by 1 percent, after easing
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