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Eurosystem funding drops by another 2.8 bln to 101.4 bln in March
EconomyMacroeconomyfunding also fell for the third month in a row by almost 1 billion to 35.25 billion euros, with the bulk... slipped by 1 billion to 36.75 billion. Since July, Eurosystem funding has been slashed by 25.13
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBanking1 billion. In addition, Pillar III bonds were only held by NBG for a cash amount of 1.2 billion... basis points above that for ECB funding), while the fees paid to the Greek state exceed 1 percent
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EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
Economystem from the pension reform (1 percent), personal income tax reform (1 percent) and changes in the VAT
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammereforms each yielding 1 percent of GDP. The key pending issue relates to the tax-free threshold..., the government has not yet officially detailed the third pillar of measures worth 1 percent of GDP, which
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeand indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgrammewill be effective from June 1. If there is a divergence from the target between 0.26 and 0.75 percent... will be 1 percent of GDP. For a shortfall of 1.26 to 1.75 percent, the measures will have to reach
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Drop in building activity slows to 12.2 pct in February
EconomyMacroeconomyalso fell by 16.6 percent, while the respective volume edged up by 1 percent in February. In absolute.... The institutions’ forecasts point to a further decline by 5 percent in 2016 and 1 percent in 2017
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With review completion in sight, which way next for Greece?
Agoralifting for the time being. The 1 percent of GDP in further fiscal measures (mostly rises... will have to be activated, and to achieve a much bigger corrective adjustment (say 0.5 to 1 percent
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Government faces tight schedule for amendments to bailout legislation
EconomyProgrammeactions by June 1, before the meeting of the ECB Governing Council on June 2, which is expected... sub-tranche. Houliarakis said that 1.8 billion euros (1 percent of GDP) of this amount will be used
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Access to finance remains far bigger problem for Greek SMEs compared to euro area peers
EconomyMacroeconomythe lowest and well below the euro area average of 17 percent. On a scale of 1 – 10, Greek SMEs... countries reported declines in their debt to assets ratio, SMEs in Greece signalled an increase of 1
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