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Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Economyat a yield of 0.23 percent. The coverage of the early July issue was 1.61 times with total offers exceeding 2..., Greece could issue 26-week T-bills just short of 1 percent with the eight issues of this duration... for the 52-week T-bills, which closed 2018 with a yield of more than 1 percent, to drop under 0.5 percent
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Govt lays out recovery plan to October, launches tourism roadmap
PoliticsGreek Politics-payment refunds to businesses worth a total 2 billion euros, tax breaks for landlords. Liquidity... is costed at a total of 24 billion euros, combining fiscal measures and guarantees, of which 7 billion... connections. According to the plan, year-round hotels and campsites will open on June 1, followed
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Q1 unemployment at 17.1 pct amid drop in employed, rise in inactives
EconomyMacroeconomythree months or if they receive more than 50 percent of their remuneration. A total of 745,400 people... percent. The number of long-term unemployed (over 1 year) came to 434,900 people, (over 1 year) representing 58.4 percent of the total unemployed. Alarmingly, the largest portion, 178,100 has not worked
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Newsletter 303 - 02/07/2021
, maybe even with a bigger reduction. These measures have a fiscal cost of 2 billion euros, which will lead to the primary surplus estimates seen in the Medium-Term Fiscal Strategy dropping by roughly 1... during the pandemic (the total state backing during 2020 and 2021 is expected to reach more than 40
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SYRIZA zooms in on inflation, pandemic weaknesses to boost popularity
PoliticsGreek Politicswage to be raised to 800 euros. The 2 pct increase on January 1 took the basic gross monthly salary... last week that a second increase to the minimum wage would be adopted on May 1, SYRIZA seems to think... persistence. Another 106 Covid-related deaths were recorded on Tuesday, taking the total toll
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomythe primary balance to a surplus of 1.62 billion euros, or 0.7 pct of GDP, below the goal of 1 pct of GDP and the total deficit to 4.51 billion euros, or 2 pct of GDP. Interest payments are seen 1... of GDP, or 3.58 billion euros, which is improved on the target of 2.2 pct of GDP. The total deficit
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September revenues drive 9-month Greek primary surplus up to 2.53 bln
Economyto higher revenues by almost 1 billion MoM. The 9-month budget deficit stood at 2.29 billion euros..., which outperformed the monthly target by 84 million, the 9-month figure rose by 1 percent to 36.47..., which rose at an accelerating pace to 1.42 billion euros in August from 1 billion in the preceding
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgramme. On social security reforms, the MoF reiterates interventions with a total cost in excess of 1 billion euros... by consumption and investment expenditure. Unemployment is seen dropping by more than 1 percentage point... interventions will fetch the anticipated revenues. We highlight the following: 1) Taxation with targeted
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This is what the ECB’s comprehensive assessment tells us about Greek banks
Agorawere reviewed, while 11,826 collateral items with a total value of 21.44 billion were investigated. Capital needs From a starting point of Common Equity Tier 1 (CET1) capital of 25.8 billion in June... 1 billion in the baseline and 16 billion in the adverse stress test. This resulted in a capital
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Newsletter 94 - 04/11/2016
the tax credit to 1,600 euros (from its current 1,900 euros) with estimated savings of 1 billion euros... of around 1.8 billion in the last three months, the backlog has decreased by 1 billion, indicating.... In the corporate sector the interest rate for loans for amounts over 1 million euros decreased by 76 bps
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