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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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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomydeposit rate has dropped by 17 bps year to date and overall by around 100 bps over the past 12 months... mixed trends with that for amounts between 250,000 and 1 million euros slipping by 6 bps to 5.17... by 1 bp to 4.84 percent. The minor changes in the average deposit and lending rates led the average
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammeof the total figure. In contrast, 1 percent of debtors owe more than 1 million euros each, accounting for 80... that the respective debt stands at more than 20 billion or about 12 percent of GDP, with the bulk... remains very low at around 1 percent, while the lion’s share of SSC could be considered uncollectible
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About to soar? Greece's economy still needs to be handled with care
Agoraconsumption remains resilient, up by 0.7 percent in the second quarter and 1 percent in the first... are foreseen to increase by at least 1 billion and range between 14.2-14.5 billion. This pick-up..., its lowest level since January 2012, having been reduced by 1.9 percentage points over the last 12
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Unemployment rate falls to 21.5 pct in 2017 despite increase in Q4
EconomyMacroeconomylargely by a rise in the number of unemployed by 36,782 quarter-on-quarter to over 1 million, along... time since Q3 2011 when the absolute number of unemployed dipped below the 1 million mark. This trend... (over 1 year) declined for a fourth continuous quarter to 722,900. Out of the total, long-term
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