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Newsletter 45 - 02/10/2015
in the September 20 elections are due to be sworn in on Saturday, while the new government will present its... indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two..., an issue that was a central theme in the 20 September elections. Post-election data suggests that New
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Greek stocks down 5.1 pct over week as investors remain cautious
Economylossed almost 20 percent. Banks remained the weakest link for the second successive week tumbling by 30.7 percent this week after a nosedive of almost 20 percent the previous week. Since the beginning...) to be held on November 1 no dividend distribution. Moody’s confirmed on Tuesday the Hellenic Telecom
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomyRevenues (before tax refunds) fell by 20 percent in September, after a rise by 16.5 percent... to: 1) SMP and ANFA income of 1.72 billion that was not collected 2) Non-assessment and collection... billion on August 20, the government has stopped delaying or postponing payments of non-payroll expenses
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Greek teachers low paid, but work shorter hours in smaller classes
Societysessions, and after 12 years to 18 sessions. After 20 years of service, teachers are required... their careers. However, the remaining hours of teachers’ working time must be spent at school. In the 20...’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammedemanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros... NPLs at 20 billion and consumer NPLs at 10 billion. In addition, another 10 billion of NPLs stemming..., the relevant cost ceiling is set at 570 million euros for 2016 and will be lowered by 20 million per annum
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Asking Greece to stack more austerity measures ignores past failings
Agoranegotiations was that the goal for the primary surplus in 2018 was lowered by 1 point to 3.5 percent... euros, which combined with the 20 billion of 2010 brought the total bill in the first two years... of austerity, to correct around 20 billion euros in its primary deficit and losing roughly 30 billion
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeby setting loan repayments as 1 percent of GDP until 2050 and linearly amortised after that A capping... percent of GDP until late 2030s and below 20 percent afterwards. If, however, there is weaker growth... applied by the Fund. The ESM could tap some 20 billion euros from the Greek bailout
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If you think it's bleak for Greece now, wait until tomorrow
Agorahands), the structural unemployment rate is 20 percent. In 2022, the Fund sees Greek unemployment at 18... entered the crisis with a 20 percent of GDP investment ratio, only for it to plummet to 12 percent... exceeding the eurozone historical average and just reaching 1 percent. The combined effect
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammeat 176.9 percent in 2015, almost 20 percentage points (pp) lower than the 196.3 percent projected.... The Commission’s baseline scenario (A) assumes: 1) GDP to contract 0.3 percent in 2016 and then rebound... growth by 0.25 pp after 2019 and privatisation proceeds of 20 billion euros over 2015-2022. In addition
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Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets
EconomyBankingmarket. The Common Equity Tier 1 (CET1) ratio increased by 20 bps QoQ to 16.8 percent in Q3... in the NPL stock stands at 48 percent with the end-2019 figure seen at 10.4 billion from 20 billion
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