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Newsletter 64 - 26/02/2016
, Greek banks’ pro-forma Common Equity Tier 1 (CET1) and total capital adequacy ratio reached 18 percent... slightly in January, when it rose to 2.1 percent compared to 2 percent a month earlier. The net... lending sector. 2 The beast within Border closures to the north will stretch Greek resources
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Greek stocks up for second straight week, rising by 5.5 pct
Economythe government claims it reduces the total tax and contribution burden. The market traded in positive... 50 percent with revenues rising by 2 percent to 1.04 billion and EBITDA falling by 4.2 percent... results on March 2 and 3 respectively.
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBankingto 4.9 billion in December from 2.8 billion in September. From a total ELA collateral pool of 24.6 billion euros, the majority (15.6 billion) relates to loans, 5.1 billion to pillar II bonds, 2 billion... billion euros of deposits, with the bank targeting to capture 2 billion of those inflows.
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Athens and creditors edge closer on tax and pensions but gap remains on NPLs
EconomyProgrammeworking years. 2) Institutions demand a lower pension replacement rate of 0.7 percent for the first 15... percent. The government’s initial proposal pointed to rates of 0.8 and 2 percent respectively... Ministry is aiming for cuts to be applied only to total pensions (main and supplementary) above 1,400
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Newsletter 70 - 15/04/2016
. Almost 46 percent of March hirings relate to full-time employment. 2 Club Med goes to Washington.... If the Cortes fails to elect a new prime minister by May 2, then the king will have to use his... on lenders’ balance sheets amounts over a fifth of the total loan portfolio. Because the ownership structure
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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammesystem. We present below the most significant quantitative measures, which total 2.74 billion euros... million. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284... million. 2) New methodology for calculation of self-employed contributions based on declared
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Final budget primary surplus reached 2.72 bln at end-April after upward revision of PIB revenues
EconomyMacroeconomyto the social security funds posted a decline of 2 percent to 3.58 billion in the 4-month period. Both items... of 1.63 billion) 2) Social protection (at 235 million corresponding to 16.2 percent of the annual... in the 4-month to 2.87 billion almost spot on target. Overall, total expenditure fell 1.6 percent
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Newsletter 77 - 10/06/2016
by the investor are taken into account. Lamda Development accepted to undertake total investments of 8 billion, 2 billion higher than the 6 billion envisaged in the initial agreement. In addition, 80... unemployment reading is the lowest since April 2012. 2 The mangling of truth Inaccuracies have become a daily
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In updated DSA, EC sees Greek debt as unsustainable if no relief measures implemented
EconomyProgrammeto 1.5 percent after 2021 and decline to 1.25 percent after 2030. 2) Total privatisation proceeds of 18... decreasing 5 years after the end of the programme leading to an overall average primary surplus of 2
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomywith a similar decrease in the overnight rate led the weighted average rate on total new deposits down by 2...Greek households’ new time deposit rate slightly eased for the fifth straight month in May, when they fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG
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