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Newsletter 36 - 24/07/2015
and liabilities, and 4) bailing-in creditors by cancelling or reducing the liabilities of the failing...) the evolution of non-performing loans (NPLs), and 4) developments related to the banks’ subsidiaries
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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economyapplied to state-guaranteed pillar II bonds for Emergency Liquidity Assistance (ELA) purposes. 4) DTA... at 10 percent would reduce capital needs by 4 billion to 7.2 billion, which clearly demonstrates
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Stock market at lowest since Sept 2012 after shares fell by 16.23 pct on reopening
Economyof capital controls with current estimates pointing to a recession of 2 – 4 percent, according... landed at 668.06 points, which is its lowest reading in the last 3 years (since September 4, 2012
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Greece and creditors try to untangle pension complications
EconomyProgrammefor pensioners have increased to 6 percent (from 4 percent) for main pensions and to 6 percent (from zero... pension funds are retained (in nominal terms) to 2015 levels until 2021. 4) As of July 1, all
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammesector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... by the private sector (2.7 billion). 3) EFSF PSI and bond interest facilities (1.8 billion). 4) IMF loan
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomymillion. 4) Further extension of submission of corporate income tax (CIT) declarations, leading... of the FY target of 1.16 billion) 4) Allowances to families with many children (at 24 percent
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Opinion polls indicate fragmentation, close election race
PoliticsGreek Politicsin the previous months 4) Golden Dawn is set to pip To Potami for third place again, with the two parties... Unity is seen gaining support of 4 to 5 percent in most polls, which is enough to elect MPs but much
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Signifcant underspend covers revenue shortfall for budget primary surplus to August
EconomyMacroeconomyby CIT (298 million). Indirect taxes fell 4 percent in August with the 8-month figure down 2.9... target of 446 million) 3) Grants to hospitals (at 31.1 percent of the FY target of 1.16 billion) 4
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Amid talk of post-election alliances, parties propose changes to bailout measures
PoliticsGreek PoliticsG Dawn 6.5 KKE & PASOK 4.5 Potami 4 Cent Union 3.5 Pop Unity & Ind Grks 2.5 Undec 17.5 #Greece... with aim of lowering new rates 4) Scrapping 23 percent VAT rate on private education agreed this summer
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Odds on SYRIZA victory shorten ahead of elections
PoliticsGreek Politics. The respective betting odds for New Democracy have accordingly increased to 5 – 7 from 3.4 - 4 earlier... has the shortest odds at 1.24 – 1.30. In contrast, odds for 9 parties stand at 4 and the respective
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