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Newsletter 106 - 10/02/2017
government (GG) primary cash surplus rose by 1 billion to 5 billion euros in 2016 from around 4... of the index, fell by 1.9 percent, while water supply production also declined by 1 percent. The seasonally adjusted IPI rebounded 2.2 percent from the previous month, after retreating by 1 percent
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... reflecting a similar rise in that for amounts above 1 million euros to 4.72 percent. The respective... between 250,000 and 1 million euros edged down 5 bps to 5.01 percent. Following the slight changes
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Greece, lenders tie up some loose ends and continue negotiating
EconomyProgrammea sharp reduction in the tax-free threshold and cuts in main pension yielding savings of 1 percent... of 1.8 billion euros (1 percent of GDP). The government proposed a reduction in the lower tax rate from... of both measures and counter-measures as of January 1, 2019. However, this is subject to Greece
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Newsletter 110 - 10/03/2017
to reach 26 million in 2017. In addition, travel receipts are projected to increase by at least 1..., the unemployment rate has decreased 1 percentage point (pp), which is attributed to a modest rise... with a decline in the number of unemployed by 8,600. In 2016, the unemployment rate has decreased 1 percentage
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsto be implemented from January 1, 2019. Athens is hoping that the volume of measures will be reduced slightly... since) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders... straightforward regarding the other 1 percent of GDP in measures, which will come in the form of a reduction
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
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Review set to resume in Athens as debt talks drag on
PoliticsGreek Politicsthe 1 percent of GDP in pension cuts that will have to be implemented in 2019, the 1 percent of GDP..., the fiscal gap for 2018 and a range of other minor issues. The aim is to conclude the SLA by May 1
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Deposit interest rates broadly stable in March, average loan rate down slightly
EconomyMacroeconomyGreek households’ new time deposit rate edged down 1 basis point (bp) to 0.66 percent in March, Bank of Greece (BoG) figures showed on Monday. The headline figure is a new record low since Greece’s... for amounts above 1 million euros rose by 15 bps to 4.04 percent, while for amounts between 250,000 and 1
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Govt tables 2018-21 MTFS containing 4.5 bln in measures, sees growth rising from 1.8 pct this year
EconomyProgrammein employment by 1–1.8 percent each year in 2017-2021 will drive the unemployment rate lower from 23.5... savings of 1 percent of GDP each in 2019 and 2020 respectively and the implementation of counter... years, primary expenditure is seen rising by 1 percent in 2019 and then slowing to 0.5 percent
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomy(YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted.... Meanwhile, general government consumption rebounded by 1.3 percent QoQ and 1 percent YoY, taking final... by at least 1 billion euros and range between 14.2-14.5 billion this year. Imports Unlike exports
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