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Newsletter 106 - 10/02/2017
for beyond 2018. Reports on Thursday suggested that the lenders will ask for 2 percent of GDP, roughly... envisaging the 2016 primary surplus close to 2 percent of GDP, well above the programme target of 0.5... and ANFA profits and locking in the loan interest rates below 1.5 percent. 2 Unemployment remains stable
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyrelief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2... primary surplus of 2 percent after 2018, extension of all eurozone loan maturities by 20 years... surplus of 3.5 percent of GDP until 2027 and gradual decline to 2 percent of GDP until 2037. The second
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking, collections and liquidations (4.4 billion) and selected sales (2 billion). P&L NII remained almost... by the impact of asset deleveraging. Fees increased by almost 2 percent QoQ to 82 million, while the top-line benefitted from other income of 37 million in Q2 from -2 million in Q1, largely due
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GDP up by 2.3 pct year-on-year in Q1 on strong export growth
EconomyMacroeconomypercent year-on-year (YoY) after upwards revised growth of 2 percent in Q4. The GDP movement in Q1... upwards revised growth of 2 percent in Q4. The headline GDP growth on an annual basis is the highest...) revised Greece’s growth from 2.6 percent in 2018 to 2 percent. The forecast for 2019 was also
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GDP falls by 0.7 pct QoQ in Q4 and increases by 1.9 pct in 2019
EconomyMacroeconomyjust short of the Ministry of Finance’s (MoF) final budget estimate of a 2 percent rise for 2019...’s GDP was expected to grow by 2 percent in 2019 and by 2.8 percent in 2020. The IMF meanwhile anticipated growth of 1.8 percent in 2019, followed by 2.3 percent in 2020 and 2 percent in 2021
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General govt primary cash deficit of 1.85 bln in Apr as revenues decline
EconomyMacroeconomy(including tax refund arrears) fell by 2 million compared to March and came to 2.40 billion. Month... (-3 million each). Extrabudgetary funds fell by 2 million euros, while rises were noted in tax refunds (+16 million) and SSfs (+2 million). Since the start of the year, total arrears have fallen
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Ring of Fire
Agoraout in a similar way as more young Greeks with similar qualities and who have the skills... started the blaze. It’s certainly an unsatisfying way of handling the matter but one trial does... on all of us to ensure that more lives are not lost in such a senseless way. As we continue to mourn
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Greece's ultimate sacrifice for stability
Agorapolitical system and institutions. Firstly, it raises serious questions about the way Samaras... previous party leader Kostas Karamanlis dabbled in a third way-ish strategy. Baltakos's apparent... and society. The other key issue in the Baltakos affair is the dismissive way in which he and Kasidiaris
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Why Tsipras might gamble on snap elections
Agorathe political cost of approving unpopular measures while having no say in the way the country is being run... they return to their constituencies to speak with voters. The only way to overcome this friction without.... There is a sense that the momentous nature of the third bailout, from the way it was agreed, the onerous
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Holding out for a (reformist) hero
Agoratoo was on the way to dashing hopes that he would be a champion of reforms in Greece. His... as the way in which the notion of reforms have become so intertwined with the politically poisonous... party that his belief in liberal economic reforms is the way forward. New Democracy is a party of many
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