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Greek stocks nosedive 9.8 pct over week amid bank sell-off
EconomyDespite a rebound by 3 percent on Friday, the Greek equity market tumbled 9.8 percent for the second straight week amid continued turbulence in the global markets and increasing domestic uncertainty... (-2 percent). In contrast, the top-3 losers were three of the four systemic banks, namely Eurobank
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Gov't offers improved terms to farmers in bid to break deadlock
Economypension funds (including OGA) into one. 2) Gradual phase-in of social security contributions from... for all insured. 3) Farmers for whom farming is their main job will have the option to choose a lower
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy. Overall, banks would be required to substantially reduce their NPL stock within the next two years. 2... to be implemented in the public administration mostly involving modernisation and de-politicisation. 3
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Newsletter 65 - 04/03/2016
gap of 3 percent of GDP. The deviation between those estimates largely relate to different assumptions... months. 2 Refugees and review linked Key question over EU motives for keeping Athens afloat
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Central gov’t debt rises to 321.3 bln in Q4, financial aid loans at new high of 220.4 bln
Economy: a) the disbursement of the two bailout sub-tranches of 2 billion euros on November 24 and 1 billion... to 7.42 billion at the end of Q4. Within Q4, EIB issued 3 bonds with a 15-16 year tenor for a total
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Newsletter 66 - 11/03/2016
percent) and miscellaneous goods and services (-3 percent). The biggest price increase was recorded... and restaurants (+2.6 percent). Housing and transport saw drops of over 4 percent. 2 One for one, none for all... of sending back asylum seekers en masse to Turkey, a country that neither properly recognises them
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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgramme(15/20) for those with 15 working years. 2) On pension replacement rates, the mission chiefs... to the initial government proposal. 3) The measures to meet the bailout target for pension cost
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomybillion) 2) Social protection (at 99 million corresponding to just 6.8 percent of the annual target of 1.45 billion) 3) Consumption and non-allocated expenditure (at 51 million, only 3.3 percent
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This is how things stand as bailout talks head for a brief pause
EconomyProgrammeThe Greek government and the institutions seem to have reached a consensus on a fiscal gap in the region of 3 percent of GDP for Greece to meet the primary surplus target of 3.5 percent of GDP.... The mission chiefs are expected to return to Athens on April 2 and resume discussions on ground with Greek
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Revenues of 1 pct of GDP targeted from changes to income tax and solidarity levy
EconomyThe government and the institutions have broadly agreed that circa 1 percentage of the anticipated fiscal gap of around 3 percent of GDP by 2018 would be covered by the overhaul of the tax system... and of 2 pp to 35 percent for higher incomes. The government has reportedly proposed the introduction
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