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Govt grabs opportunity offered by escape clause to entice voters with support package
Economyaround this time next year - when they will have to design the 2023 budget and agree new fiscal... - the country had made a commitment of primary surpluses in the region of 2 pct over the next 40 years... of the corporate tax rate by two percentage points to 22 pct will cost the budget by 183 million euros. MTFS
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Newsletter 311 - 08/10/2021
EconomyDraft budget treads fine line between recovery and restoring fiscal disciplineThe Finance Ministry tabled in Parliament on Monday the draft budget for 2022, setting out the government’s.... Based on the draft budget submission, bonds are expected to rise by 5.7 billion euros to 87.5 billion
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Newsletter 345 - 08/07/2022
the conservatives’ increase of 2 points, rising to 26.4 pct. PASOK is seen gaining 10 pct. It should... will not suffice to cover all the requirements and the budget will have to step in. However, there are encouraging signs for the budget from the tourism front, as bookings, occupancy rates and passenger data from
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Newsletter 350 - 09/09/2022
of the measures. The government is still aiming to trim the primary budget deficit to 2 pct of GDP... could cost the budget more than 10 billion euros, when Greece has already allocated the largest... in the submission of the draft budget in approximately four weeks. Greece is hoping that in the meantime, and until
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SYRIZA pushes alternative cost-of-living package but govt support still a vote-winner
PoliticsGreek Politicsbudget statement has attracted strong criticism from the opposition. New Democracy’s main rival SYRIZA... with voters. In the wake of the budget announcement, which included the last-minute introduction... bringing the risk of new price hikes. The budget debate - which concluded on Saturday - does
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Newsletter 364 - 23/12/2022
scandal. Mitsotakis announced on the final day of the budget debate, on Saturday, that his... SYRIZA by almost 2:1. The findings suggest that despite the derision heaped on the support measures... the Greek economy, which is seen experiencing next year what the Parliamentary Budget Office (PB) called
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomy-forma 9-month 2013 EBA CT1 by 2 billion euros with the respective ratio hiking to 13.5 percent from 8.1...’s upcoming share capital increase of 2 billion euros. The bank has recently initiated the capital... the full (i.e. 100 percent) DTA recognition in the fourth quarter 2013 financial statements, Greek banks
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomy-resident’s direct investment in Greece showed a net inflow of 100 million in February and 55.4 million... forecasts for a C/A deficit of between 1 and 2 percent of GDP. The BoG's latest estimates point to a surplus of about 2 percent in 2014. The key risk to the BoG’s short-term projections lies
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Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership
EconomyMacroeconomy. For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013 figure of 2.82 percent... mid-2010. However, the current rate remains around 2 percentage points higher than the euro area average... cards) marginally rose by 2 bps to 14.50 percent. Overall, the average loan rate in all lending
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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingincreased by 11 percent QoQ in Q4, while loan NII fell 2 percent. The double-digit rise in operating... synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3... of seasonal agricultural loans in December (that were fully repaid in February), gross loans slipped 2
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