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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek PoliticsCommission sources suggested to the media that the two sides still have differences over 2 billion euros... advertisements (100 million). The Greek government sent at a later stage a revised proposal raising... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... remain above 100 percent of GDP for the next three decades. Doubling the maturity and grace period
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgramme. 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self-employed (from 55 percent for 2014 income to 75 percent for 2016 income and to 100 percent for 2016... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent
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European Commission evaluates impact of bailout programme
EconomyProgrammeage of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent... a closer link between contributions and benefits. 2) Broaden and modernise the contribution and pension... percent as of 2016 and the increase in the advance payment for corporate income from 75 to 100 percent
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Greece fell two places to 60th in Doing Business ranking, World Bank says
EconomyGreece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016.... A DTF score of 0 represents the worst performance and 100 the frontier. Last year’s data and ranking... in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingbank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78..., Eurobank’s LME does not include a cash consideration option, but only a share exchange at 100 percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... to boost capital by 100 percent if capital needs are not fully covered. 3) In case the said capital... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBanking. In the course of 2015, the number of branches has been reduced by 100 to 856, while the headcount has... for cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... of risk below 2 percent and flattening out NPL formation. The single most important driver for PPI
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomythey fell by by 2 basis points (bps) to 0.85 percent from 0.87 percent in April, Bank of Greece (BoG... deposit rate has dropped by 17 bps year to date and overall by around 100 bps over the past 12 months... with a similar decrease in the overnight rate led the weighted average rate on total new deposits down by 2
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Newsletter 81 - 08/07/2016
deposit rate eases Greek households’ new time deposit rate fell by 2 basis points to 0.85 percent in May... has dropped by 17 bps in the year to date and by around 100 bps over the past 12 months. Corporate.... The headline figure is the lowest since Greece entered the eurozone in 2002. 2 Privatisations can be win-win
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