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After ECB tests, it's back to troika review for Greek coalition
PoliticsGreek Politicsmajority for calling a strike. Currently a strike may be called if 50 percent plus 1 of present employees votes in favour. The troika would like the base to be widened to the total number of employees... has lowered its initial projection to less than 2 billion euros subject to the settlement of unpaid
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Greek jobless rate dips below 26 pct in August for first time in two years
Economy. In addition, only 108,891 or 11.2 percent of total registered receive the monthly benefit of 360 euros... percent in 2015. Although both projections point to a reduction of circa 2 percentage points in 2015, there is a 1 point deviation in the absolute figures of their forecasts for both years.
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Piraeus Bank posts net loss of 1.56 bln in Q3
EconomyBankingloss reserves - LLRs) reached 12.5 billion in Q3 corresponding to 22.6 percent of total loans up... in the right direction, while the strengthening of the balance with 2 billion provisions in Q3 facilitates... bond non-eligibility. The Basel III Common Equity Tier 1 (CET1) ratio fell to 13.4 percent in Q3
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The one question SYRIZA needs to answer
Agorafrom the EFSF, around 2 billion euros of SMP profits and 3.5 billion euros from the IMF. The fact... short of 6 billion in total interest payments, bonds held by the ECB and other eurozone national... a small cash cushion, March saw a sizeable primary deficit of just under 1 billion euros
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Q3 unemployment falls to 25.5 pct, lowest since 2012, but long-term jobless reach new high
EconomyMacroeconomyis the highest since Q4 2012. Unemployment among women dropped by almost 2 pp YoY to 29.2 percent... of 23.8 percent. The number of ‘long-term’ (more than 1 year) unemployed declined for the second... of total employed with more than two thirds of part timers indicating that they could not find a full
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Sharp monthly rise in unpaid taxes to 1.59 bln for November
EconomyMacroeconomy. The first indicator refers to legacy debt collections targeted by the Finance Ministry (MoF) at 1 billion in the first half of 2014 and 2 billion for the whole year. Although the first target was actually... that those targets were set as a percentage of collections over total taxes due from those audits
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What is SYRIZA planning to do with Greek banks?
Economyprogramme with a total cost estimated at 11.4 billion euros. SYRIZA’s economic policies were... at 2 billion euros. Capital buffer SYRIZA claims that a part of the HFSF capital buffer of 11.4... enterprises (SMEs) and farmers. The estimated cost stands at 1 billion euros. In Thessaloniki, Tsipras
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Samaras sets out New Democracy's plans for growth
Economyproperty with an estimated total cost of 2 billion euros. ENFIA was introduced last summer replacing... revenues are targeted to be gradually reduced below 1 percent of GDP. It is noteworthy that SYRIZA has
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What are Greek coalition's plans for privatisation programme?
Economyseparate projects: 1) The split and sale of a 30 percent stake in PPC capacity and client base (small PPC). 2) The sale of a 66 percent share in the Independent Power Transmission Operator (IPTO... are profitable and do not burden in total the public coffers. SYRIZA has also strongly opposed
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Greek stocks tumble, bond yields rise in wake of Tsipras speech
Economybelow the 800-point mark for the first time since February 2 and closed at 765.22, implying a drop... percent of total trading activity Bonds The prevailing negative sentiment was also evident.... The 10-year bond yield showed a lower increase by almost 1 pp to 11.28 percent. Investors remain nervous
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