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Greece stands on fault line between vicious and virtuous cycles for 2016
Agoraan extensive pensions cost saving exercise that has to deliver complete savings of 1 percent of GDP... in Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammerates. We present below the key interventions of the government’s 170-page final plan: 1... for the supplementary funds increases by 1 percentage point (pp) to 4 percent for employers and by 0.5 pp
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Time deposit rate eases by another 5 bps in Nov, average loan rate drops 16 bps
EconomyMacroeconomy, the respective rate rose to 5.22 percent (amounts between 250,000 and 1 million euros). It fell to 5 percent for amounts above 1 million euros. The corporate lending rates in Greece stand around 200-300
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyand non-alcoholic beverages as well as in housing fell by 1 and 0.9 percent MoM respectively. Greece... and the OECD latest estimates are pointing to an inflation rate between 0.5 and 1 percent in 2016.
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Unpaid social security contributions almost reach 15 bln
Macroeconomyowing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingin OLP and 1 position in the BoD. It is reminded that COSCO, one of the largest Chinese state-owned... been effective from October 1, 2009, involved the management of OLP’s Piers II and III
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economy1 billion. From the total overdue contributions of 15.35 billion euros at the end of 2015, 11.31... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicsfor increasing the social security contributions for supplementary pensions by 1.5 percentage points (1 point... million euros to achieve the bailout pledge for pension cost savings of 1 percent of GDP (1.8 billion
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomyindicated it would repay a portion of arrears with part of the last two sub-tranches of 2 and 1 billion...-tranche (1 billion) and payment to the IMF (1.2 billion). The other debt components were kept stable
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Greek pensions: The unsolvable equation
AgoraLast July the conditionality of Greece’s third programme included savings of 1 percent of GDP from... at the end of 2013, took roughly 1 million people out of labour force. The latest figure as of October 2015... took a major hit not only as a result of people dropping out the labour force en masse but also due
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