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Greek primary budget surplus to August narrows to 1.95 bln on lower revenues
Economyperiod to 15.08 billion, yet in line with target. On the cost front, primary expenditure slightly rose..., outperforming target by 1.2 billion. The year to date cost containment primarily reflects a decrease
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Newsletter 1 31/10/2014
. Those surpluses reflect their commitments on asset disposals, revenue and cost synergies related to acquisitions as well as on other revenue enhancement and cost containment measures incorporated
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ECB stress tests and what they will mean for Greek banks
Economyby the Commision by the end of June 2014 and incorporate their commitments on asset disposals, revenue and cost synergies related to acquisitions as well as on other revenue enhancement and cost containment
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Among euro area SMEs, Greeks face most problems with access to finance
Economy. On the cost front, the net percentage of Greek SMEs reporting an increase in bank lending rates declined to 9... pricing and interest cost as well as limited bank loan availability as the key reasons why bank
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ILO highlights social impact of Greek crisis, proposes change in policy
Society, slightly below the EU average of 29.1 percent. The largest components in the cost of social protection cost were old-age related spending (11.3 percent of GDP) followed by sickness related benefits (8
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Tsipras remains sketchy on coalition options, negotiating positions
PoliticsGreek Politicsat a cost of about 0.05 percent,” said Stournaras. “In the unwelcome case that they need to turn to ELA the cost will be around 1.55 percent.” Tsipras also suggested he would challenge Germany’s
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Tsipras delivers SYRIZA's first, tempered message of Greek election campaign
PoliticsGreek Politicsbut at the time it was unveiled, the Finance Ministry suggested that Tsipras’s plans could cost more... and public sector. In Thessaloniki, Tsipras had suggested this would cost 5 billion euros. Reform
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How SYRIZA says it will fund its economic policies
Economyof the outcome of upcoming negotiations with Greece’s eurozone partners. The total cost of the Thessaloniki... of this backstop facility would be used for the cost of capital for a new intermediary body to manage
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SYRIZA hits back in funding row, says it could issue T-bills and use repos
EconomyLiquidity Assistance (ELA) mechanism. The cost of the latter currently stands at 1.55 percent, 150 bps above the respective ECB funding cost. “ECB President Mario Draghi is responsible for Greek systemic
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The state of play with Greek banks' liquidity
Economydecision on the extension relates to the same (10 billion) or a higher amount. The cost of ELA currently stands at 1.55 percent, 150 basis points above the respective ECB funding cost of 0.05 percent
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