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Gov't submits multi-bill to pave way for next bailout tranches
EconomyProgrammethe tenure of the first General Secretary for Public Revenues (after the voting of the bill) at 2 years... to convene on Friday to approve the disbursement of the next sub-tranche of 2 billion as well... is reportedly expected to convene on Monday to formally approve the disbursement of the 2 plus 10
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Newsletter 55 - 12/12/2015
2016, which he set at around 3 billion, a higher figure than the 2016 budget target of 2 billion. In their last debt sustainability analysis last summer, the IMF foresaw privatization revenues of 2... percent). The low reading is largely due to a decline in housing and transport prices. 2 A love
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
Economypercent of total loans 2) Government has committed to increase public savings meaning... imposed in 2012. Primary surplus is expected to improve close to 2 percent by 2019, yet it would remain..., assuming optimistic nominal GDP growth of 5 percent, primary surplus of 2 percent and current borrowing
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammecuts imposed in 2012 that would create a fiscal gap up to 2 percent of GDP (3.7 billion euros) and the huge stock of pending pensions, which have an estimated cost in excess of 2 billion. Non... sub-tranches of 2 and 1 billion were disbursed on November 23 and December 22 after
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from... rose 2 percent QoQ, while eased 0.3 percent to 1.3 billion for the whole year. In Greece, costs fell... and subject to regulatory approval the bank will proceed to the repayment of the 2 billion
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Asking Greece to stack more austerity measures ignores past failings
Agorato 2018 and commit to an added 2 percent of GDP on stand-by in the event that targets are missed... an upwards-revised surplus of 705 million euros. This meant the target was missed by more than 2... package worth 2 percent of GDP, equally split between revenues and cuts, 2.4 billion euros on each side
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammedisbursed last August, 2 billion in November and another 1 billion in December. In addition, another... euros (1.5 billion in Q1, 9.6 billion in Q2, 2 billion in Q3 and 5.1 billion in Q4), while an amount of 2 billion will be used for state deposit financing. Finally, for the first 8 months of 2018
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Newsletter 78 - 17/06/2016
if the primary surplus target of 3.5 percent is reduced to 2 percent after 2018, Greece’s debt is BoG concludes that even if primary surplus target of 3.5 percent is reduced to 2 percent after 2018... target. 2 The chill of post-truth politics Crude Brexit debate is reminiscent of Grexit referendum
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Newsletter 80 - 01/07/2016
. Meanwhile, credit contraction remains unabated, with the drop rate accelerating slightly to 2 percent... in April. Bank credit contracts Bank credit contracted by 2 percent in May, up from 1.9 percent a month... year. Contraction reflects negative flow of 275 million from the household lending sector. 2 Fool
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S&P affirms Greece’s rating with stable outlook
Economyand cumulative privatisation proceeds of 2 percent of GDP in the next four years. Under optimistic assumptions... below 2 percent, the rating agency stresses it will take another 17 years before the Greek debt ratio... growth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating
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