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U.S. and China are still in reconnaissance mode, but for how long?
Agorafollowers in the U.S., his X (former Twitter) is not allowed to operate in China – a rare occasion... will be easier said than done and will take time. This may – partly at least – explain why, starting from 1
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme. These measures involve: 1) Changes in the laws for hirings in the public sector, settlement of tax arrears... (ENFIA). 7) Reduction in the price of all off-patent drugs and reconsideration of the limits in generics... and other tax measures that would increase revenues, a primary deficit of 0.75 to 1 percent of GDP
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Newsletter 110 - 10/03/2017
before eurozone finance ministers meet on March 20. There is another Eurogroup scheduled for April 7... loans for the next 20 years. Stournaras stressed that although lower primary surpluses entail small... to reach 26 million in 2017. In addition, travel receipts are projected to increase by at least 1
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Gov't offers improved terms to farmers in bid to break deadlock
Economytheir current level of 7 percent to 20 percent by 2021. The initial government proposal provided for a gradual rise in contributions to 10 percent in 2016 and up to 20 percent in 2019. The pension reform... were: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period
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Opinion polls indicate fragmentation, close election race
PoliticsGreek PoliticsFollowing the publication of the first series of opinion polls ahead of the September 20 elections... in agreement on several key factors: 1) SYRIZA has a narrow lead of 2 to 3 percentage points over New... at around 7 and 6 percent respectively 5) PASOK, which announced over the weekend that it will work
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingthat will manage the real estate owned assets portfolio, which contains properties worth around 1 billion... servicer company will be held by Intrum and 20 percent by Piraeus Bank. The company will enter... million euros, with both parties aiming to close the transaction on October 1, 2019. The end result
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Budget execution improves significantly in Oct, primary surplus reaches 4.53 bln
EconomyMacroeconomytarget. Revenues Revenues (before tax refunds) grew at double-digit levels by almost 20 percent... income tax fell by 1 percent to 922 million. Total ENFIA revenues are targeted at 2.65 billion euros... in December. Tax refunds dropped by almost 20 percent in the 10-month period to 2.28 billion, 344 million
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyare reportedly due on October 20 at midnight. A similar trading update was also disclosed by Eurobank... income by 1 percent QoQ to 597 million. After a drop in Q1, expenses headed north in Q2 increasing by 1...) to 275 million. Gross loans slipped by around 1 percent QoQ to 70 billion in Q2, whilst deposits
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Where things stand on the Greek pension reform proposals
EconomyProgrammetriple from roughly 7 percent to 20 percent of their income. Farmers are planning to block Athens... changes that were included in the proposed pension system overhaul included: 1) Consolidation... for a 3-year period by a total of 1.5 percentage points (pp), 1 pp for employers and 0.5 pp for employees
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Newsletter 211 -21/06/2019
to 24 percent (ND ultimately wants to bring it down to 20 percent) and the first wave of reductions... at the next election (after July 7). ND also wants to address the potential problems created by the use... a chance to debate such policies with his rivals on July 1 as a cross-party committee agreed
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