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Athens hopes lower bond yields strengthen case for reducing fiscal targets
EconomyProgrammeof the official sector debt from the eurozone are around 1 percent. This has allowed interest payments to average at just over 8 billion euros annually until 2032. According to the IMF’s latest Article IV... of a risk-free rate below 1 percent and 380 basis points (bps) risk premium for Greece. Over time
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ND and SYRIZA square up as Novartis inquiry gets underway
PoliticsGreek Politicstaxation, 10 percent identified law and order issues and 8 percent investment. Just 1 percent pointed... their support drop by 1 percentage point since September, but New Democracy is on 38.5 percent, with SYRIZA
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Despite differing views IMF and EC see no immediate debt sustainability concerns
EconomyProgrammepercent, from 1 percent in March 2019, with short term growth seen 2.1 percent on average in 2019-2020... to the reminder 8 percentage points of deterioration in the debt-to-GDP ratio as the primary balance is expected to be 1 percent of GDP lower in 2019-2025 in the IMF’s view, reflecting the Fund’s
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Newsletter 229 -22/11/2019
years. The overall surplus will reach 1 percent of GDP in 2020, in keeping with the requirements... will depend crucially on investments that currently stand nearly 8 percentage points below the 20.6 percent... the target by 811 million. Overall, the PIB balance landed on a deficit of 1 billion euros. Greece’s
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Mission chiefs pick up fifth review baton as Greece mulls new bond issue
EconomyProgrammethat Greece is expected to introduce from May 1. This will succeed the primary residence protection... euros, and another for 8 billion new debt that will also include the early repayment of some.... The PDMA outlined four main objectives in the funding policy of 2020: 1) Enhance market access
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General govt primary cash surplus at 9.45 bln in Dec, arrears fall by 195 mln
EconomyMacroeconomy), followed by extrabudgetary funds (-56 million), local governments (-8 million) and hospitals (-1... of the total). Bonds edged up by 1 million month-on-month and stood at 55.60 billion, representing 15.6
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economywas for a range between 4 and 8 billion euros, with the aim of reducing the reliance on short-term T-bills... Stability Mechanism up to 4 billion euros in health-related expenditure and just above 1 billion euros... benchmark jumping from under 1 pct to 4 pct, before easing off after the ECB announced that Greece would
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Newsletter 251 -22/05/2020
to the plan, year-round hotels and campsites will open on June 1, followed by summer season hotels... with “good epidemiological criteria”, followed by regional airports on July 1. Yachts will be able... on the mission that took place remotely on April 8 and 23, and the ongoing discussions between the Commission
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GDP falls by 1.6 pct QoQ in Q1 and by 0.9 pct YoY
EconomyMacroeconomycompared to YoY growth of 1 percent in Q4 2019. This marks the first YoY contraction recorded since Q2 2016... as rising by 1 percent. Final consumption represents the majority of GDP, making up around 90 percent... percent QoQ while imports of services fell by 8 percent. Compared to the same quarter in 2019, imports
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Newsletter 253 -05/06/2020
23,000 individuals remain in self-isolation after entering the country in recent weeks, with around 1... to Q1 in 2019, GDP shrank by 0.9 percent compared to YoY growth of 1 percent in Q4 2019. This marks... of goods increased by 8.3 percent QoQ while imports of services fell by 8 percent. Compared
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