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Newsletter 58 - 15/01/2016
for main pensions, which would increase to 3.7 billion, or 2 percent of GDP, if the court’s decision... of 7 percent in December. There were 10 positive monthly readings last year, with the number... lower than in 2014. 2 Syriza's slow march The lack of strategic planning and clear thinking could bite
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingbillion euros, the majority (15.6 billion) relates to loans, 5.1 billion to pillar II bonds, 2 billion... anticipates that the lifting of capital controls within 2016 will trigger the return of around 7 billion euros of deposits, with the bank targeting to capture 2 billion of those inflows.
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammemillion. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284... – 122 million. 7) Lower expenditure for unpaid obligations related to lump-sums pensions – 118 million... million. 2) New methodology for calculation of self-employed contributions based on declared
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingmillion in Q1. Core pre-provision income (PPI) improved by 7 percent quarter on quarter (QoQ) to 247... dropped by 2.8 and 2 percent respectively in the first half (H1) reflecting lower personnel.... Overall, the NPL formation in Greece reached 2 million in Q2 from 127 million in the previous quarter
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Newsletter 102 - 13/01/2017
to 40.1 billion. 2 Unemployment rate eases Slight drop attributed to a decline in the number of jobless... in December were in alcoholic beverages and tobacco (+2 percent), housing (+1.8 percent) and hotels, cafes... by 2.3 percent in November, following a higher rise of 7 percent in the previous month, according
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeevening. The 53-page document dated May 2 is broadly similar to a previous draft of April 23 that we... sector (33 million) and reduction in certain allowances in the military sector (7 million... (2 million). Although the tax expenditures to be abolished are not detailed in the draft sMoU
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammeto reach 211.21 billion, around 2 billion above the 2005 level of 199.24 billion. The increase.... Including non-specified measures worth 1.5 billion in 2020 and another 2 billion in 2021, the total tax..., As of 2018, the debt ratio is expected to decline by around 7 pp each year to 170.1 percent in 2018
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Newsletter 120 - 26/05/2017
to be reached so that Athens can receive the next loan tranche of around 7 billion euros in order... percent, respectively). This falls well below all other eurozone countries. 2 Current account deficit... in new apartments (up to 5 years old) declined by 2 percent YoY and by 0.5 percent QoQ, while the prices
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Eurogroup doesn't end in tie for Tsipras
Agorathat since Schaeuble needed the IMF on board to live up to his pledge to German MPs, the adoption of 2... 7 years of bailouts, preventing a Greek default was any kind of worthy achievement. Instead, Athens... to or above but close to” 2 percent of GDP. Again, this is nothing to shout from the rooftops about
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Voters unconvinced by post-Eurogroup narrative, wait for growth
PoliticsGreek Politicslocked in at 2 percent of GDP rather than “at least 2 percent,” the reference to debt relief... administrations as well. Only 7 percent of Greeks believe that their financial situation will improve in the next
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