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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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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agorato around 1 percent by December. The change in the deposit mix is expected to further support the NII... was notably enhanced with their phased-in Common Equity Tier 1 (CET1) ratio above the 17-percent mark... current level of more than 36 percent to under 20 percent seems ambitious and the biggest challenge
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Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
EconomyMacroeconomy(PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase...: 1) Grants to hospitals (at 156 million corresponding to 9.6 percent of the full-year target of 1.63... billion. Interest payments increased by around 20 percent to 1.72 billion in the 2-month period
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Greek corporate lending rates up to 250 bps higher than eurozone average
EconomyMacroeconomyThe corporate lending rates did not show any marked change in February with that for amounts above 1 million... (amounts below 250,000 euros) and at 5.23 percent (amounts between 250,000 and 1 million euros... on housing loans by 20 bps to 2.55 percent partially offsetting a drop by 34 bps posted in January
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeand indirect tax measures, with estimated revenues or cost savings of 1 percent of GDP (1.8 billion..., the national (fixed) pension of 384 euros to be fully paid for those with at least 20 working years... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyfor domestic production. One of the key provisions of the law is the support for investments above 20... study revealed that an investment of 1 euro in one quarter results in a cumulative increase of GDP... 1 billion. The two scenarios assume state subsidies of 3.5 billion. Market sources note that around
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Corporate lending rates resume upward trend in April, time deposit rate stable
EconomyMacroeconomyGreek households’ new time deposit rate slipped by 1 basis point (bp) to 0.87 percent in April from... to 250,000 euros rose by 25 bps to 5.87 percent, for amounts between 250,000 and 1 million euros by 19... market of 20 bps to 4.40 percent in April.
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Budget primary surplus of 2.28 bln in first five months of 2016, tax revenues beat target in May
EconomyMacroeconomybetter than target. According to the breakdown, salaries and pensions fell 1 percent in May and 2.6... are proportionally in line with the annual target, while the recorded underspend is mainly attributed to: 1... of 1.45 billion) 3) Consumption and non-allocated expenditure (at 308 million, at less than 20 percent
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