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General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln
EconomyMacroeconomynote of 3 billion in April and a 3-year note of 1.5 billion in July, b) Redemptions of 16.5 billion c) Exchange of 1.67 billion T-Bills via 3- and 5-year bond re-opening in September. The amount.... The YtD drop stands at 23.1 billion and mainly reflects: 1) A reduction in the bank support scheme
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Newsletter 10 - 09/01/2015
an overall majority. on the total support for the parties that fail to pass the 3 percent threshold..., totalling 2.5 to 3 billion euros for the whole month. This period coincided with the failure of the Greek... tax obligations for the month, including an estimated 1 billion for road tax, and instalments
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What is SYRIZA planning to do with Greek banks?
Economypercent in Piraeus. Its majority participation in the 3 banks is currently accompanied with restricted... government would change the top management of the 3 banks (Alpha, NBG, and Piraeus) where HFSF has... enterprises (SMEs) and farmers. The estimated cost stands at 1 billion euros. In Thessaloniki, Tsipras
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammecome up with their own judgment. The list involves intervention in the following areas: 1) Fiscal... stability with emphasis on instalment schemes, banks and non-performing loans (NPLs). 3) Policies to promote... Finance Ministry target to collect more than 3 billion euros from unpaid tax obligations
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Greek Q4 GDP QoQ drop revised to 0.4 pct, 2014 growth at 0.7 pct
EconomyMacroeconomy, mainly reflecting the above 3 percent YoY contraction in each of the first two quarters of 2014... 3 percent. A similar trend was also evident in nominal investments, which soared 24.8 percent QoQ... updated forecast released in mid January implies a downward revision by 1 percentage point since its
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomyof total. Of this amount, the Finance Ministry aims to collect revenues of at least one-third or 3... of this category stand at 2.3 billion, making up just 3 percent of the total amount. In contrast, 326,000... billion (97 percent of the total). The upper bracket, including those who owe more than 1 million each
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Reported widening of revenue shortfall in Feb as liquidity worries persist
Economyfrom around 1 billion in January. According to capital.gr, the increase in the revenue gap by up... in the domestic economy in the first two months of the year. Revenues from consumption taxes fell 3 percent... 20 Eurogroup decision, which means that Greek banks have an ELA liquidity buffer of 3 billion
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingsynergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... contraction. Eurosystem Eurosystem funding increased by 3 billion euros QoQ to 14.1 billion at the end... EFSF bonds. The Basel III Common Equity Tier 1 (CET1) ratio eased to 12.1 percent in Q4 from 13.4
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgrammethrough the following measures: 1) An extraordinary levy either by increasing the current solidarity levy.... 2) Increase in luxury tax in cars, pools and yachts with estimated revenues of 20 million euros. 3... and savings required by institutions. According to Kathimerini, Greece’s lenders see a fiscal gap of around 3
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Newsletter 45 - 02/10/2015
of prior actions for the disbursement of the next bailout tranche of 3 billion euros. Media reports indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two...’s budget envisaged a general government primary surplus of 5.6 billion (3 percent of GDP
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