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What does a bailout exit with a precautionary credit line mean for Greece?
EconomyProgrammeaccompany the new agreement: 1) Social security fund consolidation, alignment of retirement criteria... sector as of 2016. 8) Containment of non-wage expenses. 9) Acceleration of the privatization programme
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Uncertainty feeding tension within SYRIZA as well as Greek government
PoliticsGreek Politicsto the European Parliament elections in May, when it received 8 percent of the vote. SYRIZA, though... that would be under extreme pressure from Day 1. Although being in power could be the glue that binds
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Greece moves closer to troika over fiscal gap, waits for response
EconomyProgramme, SETE anticipates the devastating impact on employment since for each 1 million fewer tourists more... Greece with a credit line would be discussed at the December 8 Eurogroup. At the gathering of eurozone
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomy) fell by almost 8 pp YoY to 49.5 percent, yet it remains at significantly high levels. The next age... of 23.8 percent. The number of ‘long-term’ (more than 1 year) unemployed declined for the second
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomyforecasts export growth to decelerate to 5.6 percent from an 8 percent anticipated for 2014... a downward revision by 1 percentage point since its previous estimate last November and reflects domestic
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Greek retail trade turnover index declined by 3.7 pct in December
EconomyMacroeconomyin oil prices. In addition, department stores (-8 percent), clothing and footwear (-6.1 percent... months of 2015. In absolute terms, this corresponds to 4.4 billion, euros 1 billion less than
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Eurobank posts loss of 523.7 mln in Q4 2014
EconomyBankingprimarily led by an 8 bps improvement in the Greek NIM. The lower deposit cost mainly stems from... percent, also down by 1 percent point QoQ. Eurobank's management stressed that key catalysts for a return
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBanking) remained flat QoQ at 2.7 percent as the 8 basis points (bps) improvement in the deposit spread was offset... Common Equity Tier 1 (CET1) ratio declined by 140 bps QoQ to 14.4 percent, mainly due
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Economic sentiment, consumer confidence edge down in March
EconomyMacroeconomyfor the third successive month in March. Industry confidence dropped further by 1 point to -10.2, the lowest... reading since May 2014. Construction confidence recorded a sharp drop by almost 8 points to -40
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Budget primary surplus up to 1.73 bln in Q1 as gov't holds back expenditure
EconomyMacroeconomyabove target. As a result, 3-month net revenues eased 1 percent to 10.57 billion, falling short... expenditure have remained at very low levels, at just 4–8 percent of the annual target compared
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