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Unemployment edges up to 24.4 pct in Q4 on seasonal drop in employment
EconomyMacroeconomy(i.e. those looking for a job who have never worked in the past) fell by 1 pp from the previous quarter to 22.6 percent in Q4 from 23.6 percent in Q3. The number of “long-term” (more than 1 year
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Newsletter 67 - 18/03/2016
would yield at least 1 percent of GDP, as was foreseen in the third memorandum of understanding... for the targeted pension cost savings of 1 percent of GDP to be achieved. The lenders are also insisting
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorato around 1 percent by December. The change in the deposit mix is expected to further support the NII... was notably enhanced with their phased-in Common Equity Tier 1 (CET1) ratio above the 17-percent mark
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63
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Newsletter 68 - 01/04/2016
and indirect taxes, each yielding 1 percent of GDP. On the pension front, on top of measures already... percent. What remains under discussion are the other tax revenue measures yielding 1 percent of GDP
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyThe corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus tripled to 3 billion in the first two months of 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin... to 13.3 billion primarily attributed to a notable rise in transfers by 1 billion to 2.07 billion, while
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Amid risk of 2015 re-run, Greece searching for deal with lenders
PoliticsGreek Politicsthe top rate of VAT from 23 percent to 24 may help reach the 1 percent of GDP target needed from... to complete the set of measures needed to raise another 1 percent of GDP in revenues from income tax
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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfunding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBanking1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent
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