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A closer look at Greece's revised proposals to lenders
EconomyProgrammeand 2 percent for 2016. However, the government's baseline scenario projected a marginal primary... to be covered, the government proposed thirteen “parametric” measures worth 2 billion euros for 2015 (1.1 percent of GDP and 3.58 billion for 2016 (2 percent of GDP). On top of that, eight “administrative
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Growing hopes that Greek recession will be milder than expected
Economythis year, which is much softer than its previous forecast for a recession of 2 percent for 2015. Note, though, that the bank expects a bigger decline in 2016, when it believes GDP will fall by 2 to 3... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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BoG proposes debt relief measures and lower primary surplus target from 2018
EconomyMacroeconomyof debt relief measures that would allow Greece’s primary surplus target to be lowered to 2 percent...: 1) GDP growth in line with the adjustment programme until 2022 and 1.5 percent thereafter 2) Inflation close to 2 percent until 2019 3) EFSF and ESM loan rates of 2.6 percent in 2020 and 3.5 percent
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankinginto a slight profit of 2 million euros in 2017, compared to profits of 37 million in 2016. The bank noted... percent to 1.67 billion. Net fee and commission income fell QoQ by 2 percent (87 million versus 89... in Q4 due to seasonality but fell by 2 percent across the year as a result of branch closures
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GDP rises by 0.6 pct QoQ in Q3, increases by 2.3 pct YoY
EconomyMacroeconomycapital formation fell by 5 percent YoY, while gross fixed capital formation showed an increase of 2... budget, Greece’s GDP is expected to grow by 2 percent this year and 2.8 percent in 2020. The IMF meanwhile anticipates growth of 1.8 percent this year, followed by 2.3 percent in 2020 and 2 percent
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Newsletter 262 -04/09/2020
and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments... was not as dramatic. In 2008, Greece was spending 3 pct of its GDP on defence. In 2018, this stood at 2 pct, which was still in line with the level agreed by NATO member states in 2014. Even at 2 pct, spending
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Amid fog of confusion, Greeks vote... again
Agora, but the party he represents has a lot to answer for. Voters cannot overlook that the anomalous way... voters. However, there is one thing that united the two parties in the way they ran their campaigns... the last five years but also their political options. In a bid to find a way out of the crisis, either
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Greece being boxed in by refugee crisis and security concerns
Agorathe same way as the EU’s targets for relocation and find itself on the Greek calends. Perhaps, though... a way out of Greece. The figurative fence-building within Europe is also a problem for Greece. EU... also prevent refugees making their way to these countries to seek asylum. Instead, they would
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From Berlin to Brexit
Agoraa way to convince workers that they are making decisions in their interest. In Berlin, European... to become intertwined in a way that creates the conditions for better understanding and appreciation for each other's cultures and history, while not forcing anyone to give up their way of life. Perhaps
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The tie that binds
Agorain central Athens seemed a fitting way to mark the imminent conclusion of Greece’s final bailout... implemented at the time. This growing belief that there was another, easy way out of Greece’s predicament... situation in any way. The event’s focus was an attempt to convince the public that SYRIZA had lived up
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