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Fitch puts Greek banks' capital needs between 11.2 and 15.9 bln
Economycertain assumptions. In the first scenario, the rating agency assumes: 1) Non-performing exposure (NPE... coverage from 50 to 60 percent to reflect reductions in collateral values. 3) 20 percent negative... to continue to qualify as core capital. 5) Target Common Equity Tier 1 (CET1) ratio at 12 percent
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Latest polls add to uncertainty ahead of Sunday's elections
PoliticsGreek Politicsto be published this week, which give a mixed picture about what to expect on September 20. A University of Macedonia poll for Skai TV, which had put SYRIZA 1 point ahead last Friday now shows New Democracy... ahead (by four points) but with its lead narrowing by 1 point since last week. Kapa Research shows
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Newsletter 46 - 09/10/2015
such gathering since the September 20 general election and an opportunity for SYRIZA members to share...-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment... actions for mid-October: 1) the adoption of the OECD recommendation on pharmacy ownership being opened
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyand make up more than 20 percent of total. The other three gg entities showed a modest increase... sub-tranches of 2 and 1 billion respectively, the government has indicated it aims to pay arrears... to 315.72 billion reflecting: 1) Redemption of 3.2 billion Greek government bonds (GGBs) held by the ECB
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Bailout review resumes in Athens but substantial gap remains
PoliticsGreek Politics. According to all indications, the mission chiefs: 1) Do not favour a rise in social security contributions for supplementary pensions by 1.5 percentage points (1 point for employers and 0...) Continue to favour the new national pension of 384 euros to be granted after 20 working years
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingto 67 percent in Q3 from 63 percent in Q1. On the capital front, the Common Equity Tier 1 (CET1) ratio... more than offsetting the lower time deposit cost. Gross loans slipped 1 percent QoQ to 73.28 billion... modest growth by 2 percent QoQ in Q2, core PPI significantly improved by 20 percent QoQ to 330
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The agenda of the first programme review shapes up with thorny issues
EconomyProgrammeFollowing the disbursement of the second sub-tranche of 1 billion on December 23, the next..., the government has pledged in the third memorandum of understanding (MoU) for cost savings of around 1... phasing out of the solidarity grant (EKAS) starting with the top 20 percent of beneficiaries by March
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politicsfor increasing the social security contributions for supplementary pensions by 1.5 percentage points (1 point... million euros to achieve the bailout pledge for pension cost savings of 1 percent of GDP (1.8 billion... euros would be granted after 20 working years based on income criteria, while the government’s
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Greek pensions: The unsolvable equation
AgoraLast July the conditionality of Greece’s third programme included savings of 1 percent of GDP from... at the end of 2013, took roughly 1 million people out of labour force. The latest figure as of October 2015... euros, 20 billion of which is main pensions and 3.5 supplementary. This translates into circa 13.5
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingfor cost of risk south of 2 percent in 2016 and below 1 percent in 2017-18. The overall stock... to 20 billion in December and to 19.5 billion in February. The bulk of ELA eligible collaterals... the capital raising in November, the bank’s phased-in Common Equity Tier 1 (CET1) ratio increased to 17
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