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Weak banks drag Greek stocks down by 6.5 pct during week
Economyof milestones by December 11 to unlock the next sub-tranche of 1 billion euros. In the meantime... completed, while Piraeus also received the state aid of 2.7 billion on December 1. The Athens Stock Exchange
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgramme) called for pension reform savings of 0.25 percent of GDP in 2015 and another 1 percent in 2016... in contributions could reach 2 percentage points (pp), of which 1.5 pp will burden employers (1 pp for main
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Deflation slows to 0.7 pct in Nov
EconomyMacroeconomyrepresents the lowest negative reading since August 2014 and the second successive reading below -1... with CPI seen rising by around 0.5 to 1 percent in 2016, according to the latest European Commission, OECD
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Management of NPLs to test gov't in negotiations with lenders
Economyof 1 billion euros. The government is due to adopt legislation regarding the licensing and regulation... of the first programme review. Among the other topics including in the NPL prior actions, we highlight: 1
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SYRIZA fails to make any friends with new public sector wage grid
PoliticsGreek Politicsof the multi-bill of prior actions that Greece has to pass in order to receive the next 1 billion euros of bailout loans. The proposed changes, which will apply from January 1, include decoupling wages from
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Strong rebound of 7.7 pct in week for Greek stocks with jump in trading activity
Economyof 1 billion following the approval by the Parliament of the last multi-bill on prior actions...) and Motor Oil (-1 percent) also underperformed. The trading activity materially improved throughout
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Gov't postpones discussion on parallel programme ahead of tranche approval
Economyinterventions such as: 1) Establishment of poor citizens’ bureaus. 2) Health support for uninsured...-tranche of 1 billion, subject to the completion of three milestones including the relevant
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The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeFollowing the disbursement of the second sub-tranche of 1 billion on December 23, the next challenge, the biggest since the signing of the third programme in the summer, involves the completion..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1
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Greece stands on fault line between vicious and virtuous cycles for 2016
Agoraan extensive pensions cost saving exercise that has to deliver complete savings of 1 percent of GDP... in Yen maturing in February. The state’s budget foresees a primary surplus of over 1 billion euros
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammerates. We present below the key interventions of the government’s 170-page final plan: 1... for the supplementary funds increases by 1 percentage point (pp) to 4 percent for employers and by 0.5 pp
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