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Newsletter 117 - 05/05/2017
and pensions (68 million) and halving the heating oil allowance. The pension savings of 1 percent of GDP... cuts of up to 18 percent, while the tax reform – which is expected to yield 1 percent of GDP... increase in 2019 and tax relief in 2020, each worth 1 percent of GDP. The targeted social expenses
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IMF sets out why it stands apart from eurozone on long-term growth prospects
EconomyProgrammefor growth, which the IMF does not see exceeding 1 percent over the next half-century even if structural..., which implies an annual reduction of Greece’s labour force just short of 1 percent (0.9 percent) each... of the region’s average. Given this historical record the IMF estimates in steady state a 0.4 percent total
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Newsletter 364 - 23/12/2022
SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... in its latest report a “soft landing”, with the growth rate somewhere between 1 and 1.5 pct, from... sees growth even lower to 1 pct, while inflation is also seen persisting into 2023 at 6 pct. In its
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How Greek banks' capital needs could be reduced by 2.3 bln
Economybillion. Note that NBG’s total DTA consideration stands at 4.5 billion euros, which means the bank could potentially recognize in its accounting DTA the remaining amount of around 2 billion. The BoG... on the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive
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Newsletter 16 - 20/02/2015
fell short of target by almost 1 billion euros. One of the reasons for this revenue lag, according... percent of total, corresponding to 73.7 billion. Another important conclusion mostly related... stands at just 9 billion or 11.6 percent of total. Of this amount, the Finance Ministry aims
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Here's why Greece's fiscal difficulties will dominate the agenda
EconomyProgrammeThe budget execution for January revealed a revenue shortfall of almost 1 billion euros, mainly reflecting... with a net cost of 2 billion euros. As later clarified by senior SYRIZA officials, the net cost... amount close to 1 billion euros, creating a similar revenue gap in case this levy is abolished
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP... and indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... rates applied to the total income) will be replaced by a new progressive scale. Its rates will range
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingthe 1 billion euro Jupiter portfolio of SME loans secured by real estate and the Mercury portfolio..., with the NPE cash coverage ratio standing at 50 percent, and total NPE coverage at 105 percent. The stock..., with the NPL cash coverage ratio at 73 percent and total coverage at 127 percent. At the end of June
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingand completed, with one taking place this year and one in Q1 2020. These are worth close to 1 billion euros in total and consist of individual corporate loan sales and an unsecured portfolio. Overall... coverage ratio standing at 48 percent, and total NPE coverage at over 100 percent. The bank
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IMF revises fiscal outlook, sees lower primary surpluses in coming years
EconomyMacroeconomy, which was scheduled to bring 1 percent of GDP in added revenues next year, and the new... balance turning to a small deficit of 0.3 percent this year, which accelerates to 1 percent next year... a small surplus over the next three years before a total deficit of 0.5 percent in 2023 and 2024. The IMF
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