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When will Greek banks operate as credit institutions again?
Agora27 per cent between 2010 and Q3-2013.[1] But this apparent success story risks being undermined...-oriented to southeast Europe, including Greece, which is seeking a loan of 1 million euros from its local... with their feet, seeking better credit pastures abroad. In the past 12 months alone, four blue chip
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Budget passed but troika accord still some way off for Greece
PoliticsGreek Politicsthe plan for 2014. Out of the 12 independents, including Theodora Tzakri who was recently ousted from... issued shortly before MPs voted on the budget at close to 1 a.m. on Sunday. Its timing, even... of the release of the next bailout payment of 1 billion euros before the end of the year. Greece takes over
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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeclearance of 2.5 billion in 2015, which resulted in an increase of the debt-to-GDP ratio by 1... of alternative funding have decreased the projected 2020 debt ratio by 1 pp each. Debt sustainability.... Program financing The program is fully financed for the next 12 months, according to the IMF. Nevertheless
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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomyfrom around 1 billion in the preceding two months, according to data provided by the General... that the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... to collect an additional 1 billion in the second half of 2014, which corresponds to 167 million per
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How SYRIZA says it will fund its economic policies
Economythat the 3-pillar programme is funded to the tune of 12 billion euros, which would be equally derived by the following four funding sources: 1) Utilization of the Hellenic Financial Stability Fund (HFSF) capital... private debt (2 billion) and the establishment of new banks (1 billion). However, the use of HFSF
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomyor 12 percent of this total is collectable. Of the total accumulated amount, around 35 billion... the collectability of public revenues. Tax arrears created until March 1 2015 may be included... security contributions past due until February 1, 2015. There is an elimination of penalties
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As hopes of April 24 deal fade, differences between Greece and lenders remain
PoliticsGreek Politics880 million euros to pay to the IMF (183 million on May 1 and 697 million on May 12). It also has... of 751 euros in two stages. The coalition foresees the minimum wage rising to 650 euros on October 1 and then increasing again, to 751 euros, on July 1 next year. Differences Another issue on which
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economyon May 1 followed by another payment of 760 million on May 12. S&P thinks that the government... and the economy has contracted by close to 1 percent over the past six months, despite weaker euro and lower...) for GDP growth of 1 percent to a contraction of 1.5 percent in 2015. In addition, S&P expects
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Revenue uptick unable to stop 7-mth primary surplus outperformance falling to 724 mln
EconomyMacroeconomyunderperformance in July revenues, which primarily stemmed from: 1) No receipt of SMP and ANF income... 1 percent to 4.34 billion, marginally above target of 4.32 billion. Tax refunds dropped by 22.8... percent in July and 9.4 percent in the 7-month to 21.43 billion, around 12 percent or 2.88 billion
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Unemployment up for second straight quarter to 24.9 pct in Q1
EconomyMacroeconomy, despite easing by 1 pp to 50.9 percent in Q1. The most notable decline was posted in the next age group... for the second straight quarter by more than 1 pp quarter on quarter (QoQ) to 21.1 percent in Q1 from 22.6 percent in Q4. Meanwhile, the number of long-term (more than 1 year) unemployed fell to 839,800
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