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BoG sees encouraging signs for Greek economy but warns on reforms
Economypositive in 2014 at 1 percent of GDP lower than its previous estimate of 2 percent. The key contributor... that an increase in real GDP by 1 percent results in a rise of the tax efficiency of VAT by 0.20 – 0.43
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Unpaid taxes keep rising, tax audits short of targets
EconomyMacroeconomytax debt of 1 billion by the end of June. The same target of 1 billion has also been set
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Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
Societyin 2008. It is estimated that 1 million houses in Greece were built after 2000 but only 10 percent... by 0.2 percent in 2008-2012, apartments grew by 1 percent, while other type posted a double-digit
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Multi-bill passes but coalition's relationship with armed forces and police sours further
PoliticsForeign Policy-tranche of 1 billion euros, and 47 lawmakers opposed it. The multi-bill contained a raft of reforms... the next 1 billion euros from its lenders. Greece has 5.6 billion euros of bonds maturing this month
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The IMF crisis and how to solve it
Agora-boggling 22% in just 18 months (yes, over 1 percent a month). Greece has endured the largest... and policy decisions. There are numerous other examples of inadequate explanations, including: (1
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Finance Ministry scrambles to correct property tax after error-strewn debut
EconomyMacroeconomyon August 1. The first warning sign that something was not quite right came on August 1, when MoF
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyon the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive... period starting from January 1, 2015. This rule will also be applied in the upcoming EU-wide stress
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Greek central government debt rises to 322.4 bln in Q2
Economyexceeding 5 years, while the remaining 21 percent is equally split between short (up to 1 year) and medium (1 to 5 years) term debt. Greece’s cash deposits rose by around 1.5 billion euros
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBankingCommon Equity Tier 1 (CET1) ratio improved to 16.3 percent from 15.6 percent in Q1. The quarterly... ratio at 40 percent (55 percent in Q2), cost of risk less than 1 percent (2.2 percent in Q2), loan
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Seasonal jobs bring down Q2 unemployment to 26.6 pct but long-term jobless rising
EconomyMacroeconomypercent, down by 0.8 pp YoY. Although the number of ‘long-term’ (more than 1 year) unemployed slipped... respectively. The unemployment rate in the Attica region (Athens, Piraeus and suburbs) remains almost 1 pp
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