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Newsletter 366 - 20/01/2023
rates spreads across economyThe challenging monetary policy and global economic environment that Greece has to contend with is reflected in most interest rates, with the latest manifestation coming... the new rates incorporated. New loans have also become pricier, with the latest reported spread
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammecurrently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel... (excluding Crete) enjoy rates that are reduced by 30 percent and currently stand at 16, 9 and 5 percent... and services, replacing the current 13 and 23 percent rates. In case, customers use their credit or debit
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomyreading since 2002. Loans The most marked movement in corporate lending rates was the sharp... percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300... for loans to sole proprietors eased 3 bps to 7.45 percent. The drop in the corporate lending rates
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Time deposit rate falls to record low of 0.71 pct, loan rate drops to 4.83 pct
EconomyMacroeconomypercent, which is also the lowest since 2002. Loans The interest rates for corporate loans with a fixed... million euros. Following the downward trend in November, the corporate loan rates in the Greek market stand more than 250 bps above the euro area average rates. In the household lending sector
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Study finds contrasting trends in Greek health during crisis
Society, especially depression. However, there has been no increase in the murder rates. While deaths from... found that between 2010 and 2015 Greece continued to record a downward trend in the mortality rates... benefited more from these developments, while there have been no changes in mortality rates for people
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Parliamentary report highlights demographics challenge and urges immediate action
Societypress as concern grows over how falling fertility rates will shape the country’s economic and social... had a fertility rate of 2.45 children per woman. From 1981 onwards, fertility rates started to slip... was noted with a slight rise in fertility rates to around 1.5 children. However, this increase came
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammeprogramme from 3 months Euribor rates to fixed rates of 94 basis points. This involves more than 52... throughout the last programme was pushing for official sector loans to move to fixed rates that would take advantage of the low funding cost environment for the ESM and EFSF and fixing those rates was part
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Yields rise, but Greek debt still partly shielded from market headwinds
Economyabout inflation expectations and the next moves by central banks that could push their rates to levels.... At current inflation rates, real rates of government bonds are in deep negative territory and markets..., if not a technical recession during the winter, as higher rates might put investment spending on hold
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Does the EU Commission suffer from optimism bias? (Part 1)
Agora. Figure 3 summarizes these results in a comparative way. We show the growth rates in productivity..., would be poised to achieve full convergence in their growth rates to the better performing member... debt. If the EC forecasts such high potential growth rates with the right investment and policy support
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Macroeconomic fundamentals for Greece
Agorarolled over, from friendly governments holding at a discounted rate to market interest rates... growth rates of the population and the WAP are around -0.4 percent a year (rounded to one decimal...; a sharp cut in risk premia on interest rates in Greece triggering massive borrowing; and a wage boom
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