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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyThe corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros
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General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln
EconomyMacroeconomyGreece’s general government (gg) primary cash surplus tripled to 3 billion in the first two months of 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin... to 13.3 billion primarily attributed to a notable rise in transfers by 1 billion to 2.07 billion, while
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Amid risk of 2015 re-run, Greece searching for deal with lenders
PoliticsGreek Politicsthe top rate of VAT from 23 percent to 24 may help reach the 1 percent of GDP target needed from... to complete the set of measures needed to raise another 1 percent of GDP in revenues from income tax
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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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