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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammein the latest baseline scenario is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... not allow for optimism regarding real long-term growth in excess of 1 percent. Privatisation proceeds
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Newsletter 168 -29/06/2018
is seen levelling off at 1 percent in the long-term, which translates into a 3 percent long-term nominal..., the corporate lending balance was negative by 169.2 million, recovering from a negative figure of 1
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Newsletter 169 -06/07/2018
that it will be enough to secure enough votes to gain more than 3 percent in the elections and enter Parliament. New... of not having to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might... by 2020 and a marginal deficit of 0.1 percent of GDP in 2019. Prices will grow on average by 1
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeof the compensatory measures that have been agreed with the lenders in return for implementing 1 percent... to be tabled by October 1 so that its review by EU authorities can begin under the terms of the European... for the second quarter of the year. ELSTAT’s Q2 release is due on September 3. The government will be hoping
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Recent study issues warning over ageing population, future pension burden
Societytoday to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions... to around between 3 and 3.7 million in 2050. At the end of last year, the Organisation for Economic
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammethe 1 percent of GDP in pension cuts due next year. Ahead of the first meeting of Alexis Tsipras’s new... on September 10. The main proposals for tax cuts are: 1. A reduction in the basic tax rate from 22 percent... to the ENFIA property tax, costing 200 million euros; 3. A reduction in the ceiling on contributions
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Newsletter 173 -07/09/2018
the 1 percent of GDP reduction in pension spending from next year. Both the government... year, private consumption increased by 1 percent in Q2, from stable in the previous quarter... was reduced by 3 billion QoQ or 47.7 percent. However, BoG noted that banks missed their NPLS reduction target
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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... social spending, were due to be implemented in just 2019 and 2020, balancing for the 1 percent... the moment when Greece will be given the green light. Until now, the December 3 Eurogroup was seen
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankinga decline for an eighth quarter. A minor increase of 1 million euros in NPE formations was seen..., 2018. Management noted that deposits in Greece had risen by 700 million QoQ and 3 billion in 9M... billion in June, and to 1.2 billion as of November 9, 2018. Capital The phased-in Common Equity Tier 1
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Budget surplus overshoots 11M target due to lower primary expenditure, investment spending
EconomyMacroeconomywas in a deficit of 775 million. The Finance Ministry was expecting a deficit of just above 1..., 10 million higher than the target. Income tax revenues rose by close to 3 percent to 12.02 billion..., in the year to date, ordinary expenditure edged down by 1 percent to 42.41 billion, lower than
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