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Greek stocks post weekly rise of 5.6 pct, with banks rebounding strongly
Economythan 20 percent in each of the preceding two weeks. In contrast to the prevailing sentiment after the September 20 elections, investors appear now more confident that the new government will complete... of the second sub-tranche of 1 billion by November 15. Furthermore, Greek Prime Minister Alexis Tsipras said
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Tsipras invokes political solution to resolve labour reform stand-off
PoliticsGreek Politicsthe Eurogroup on March 20, are the new fiscal measures demanded by the institutions, the expansionary... to pre-legislate a reduction of the tax-free threshold worth 1 percent of GDP and the same, or nearly... though the February 20 Eurogroup statement, Eurogroup chief Jeroen Dijsselbloem and European Economic
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Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
PoliticsGreek Politics, May 20, but not after that. With just a few days left until SYRIZA MPs are called upon to support... as it first appears. He said that the reduction in the initial rate of income tax from 22 percent to 20... VAT on agricultural products from 24 percent to 13 percent as of July 1 this year
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IMF sees eurozone debt relief pledges failing to deliver sustainability
EconomyProgrammeFollowing the executive board meeting on July 20 that approved in principle the precautionary Stand... Greece to grow close to 2 percent as the economy recovers, with real long-term growth at 1 percent... after the latest round of capital increases to just 20 percent (from 60 percent previously
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Eurogroup marks end of cycle and squaring of circle for Greece
Agora20 percent of GDP, in order to give comfort to the IMF and without incurring any additional costs... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18... to a special account in Bank of Greece and currently stands at 20 billion euros. The Commission
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Mitsotakis promises 'new normality,' lines up tax cuts straight away
PoliticsGreek Politicsthe minimum monthly payment would be reduced from 30 to 20 euros and the interest rate would be brought down from 5 to 3 percent. He added that companies owing up to 1 million euros would be allowed... percent (and from 24 to 20 percent next year). The tax on dividends will be reduced from 10 to 5
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Vote on tax bill due this week as ND pushes for adoption of first three draft laws
PoliticsGreek Politicsinterest cut from 5 to 3 percent, and the minimum monthly instalment lowered from 30 euros to 20 euros... level, saving up to 1 billion euros, a cross-government spending review with a target of 400 million... 20 million euros annually, 500 million euros of savings from maintaining the 5-to-1 public sector
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
EconomyProgrammeregime that will be effective from January 1 and in the view of the Commission “is expected... of GDP over the next 20 years, and decrease to 13 pct of GDP by 2060. The Commission notes... up gross financing needs to just under 20 pct for higher rates and above 20 pct of GDP from
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Credit origination and transmission: Are Greek banks part of the problem or the solution?
Agoraon a two-year downward trajectory. As graph 1 below illustrates total lending to the real economy shows... a financial assistance package from the IMF, European Commission and the ECB in November 2010.[1... 7); · The percentage of SMEs reporting a fully successful loan application was lowest in Greece
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyon October 7. The key macro assumptions remained unchanged compared to the draft budget, while adjustments... and stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program.... The key drivers for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted
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