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Newsletter 47 - 16/10/2015
Little appetite for a fuss Government expected to easily pass first package of prior actions The submission to Parliament of the government’s first multi-bill since the 20 September elections has given us a flavour of how events are likely to play out in Greek politics in the weeks and months
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Privatisation chief sees gradual progress but revenues remain unclear
Economy, “since mid-July and particularly after the September 20 election, HRADF has accelerated its efforts
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingto 34.5 billion. Note though that since the end of the bank holiday on July 20 until mid-October
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Tsipras sees political mileage in bill for broadcasting licences
PoliticsGreek Politics, had made it clear that the bill would be prepared quickly following his victory in the September 20
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBankingpercent) and housing loans (31 percent), while corporate NPL ratio stood at the low-end at 20 percent
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Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes
EconomyMacroeconomybillion in Q2. Over the past six years, household consumption has been cut by 8.24 billion or almost 20
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politics) Continue to favour the new national pension of 384 euros to be granted after 20 working years
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First visit by quadriga to Athens leaves series of issues unresolved
EconomyProgrammeat 250,000 and annual income at 35,000 euros. The quadriga’s proposal would reportedly protect only 20
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Final structure of bank recap taking shape, cautious optimism for outcome
Economybelow 20 percent or more than half of the current levels. Greek banks have conducted two major
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Credit contraction slows to 1.5 pct in Sept on marked drop in corporate loan deductions
EconomyMacroeconomybalances have decreased by more than 20 percent over this period. The biggest cumulative drop
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