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Fiscal Council endorses fiscal and macro assumptions but warns of potential obstacles
EconomyMacroeconomydebt sustainable. The MTFS revises the initial growth estimate for 2018 to 2 percent, from 2.3 percent... growth of 2 percent during the period is not just an optimistic forecast. As result, the Council makes
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The first cut is the deepest? Greek pension reforms in context
EconomyFeaturesto limit the rise of pension expenditure to 2 percent of GDP over the long term (2010-2060). It raised... the top 2 percent of pensioners actually experienced cuts of 40 percent or more. Since 2013, detailed
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Despite debt deal likely falling short, IMF to retain a role in Greece
EconomyProgrammeGermany is thought to be comfortable with) but will be reduced by 2 years for each 5 billion euros... on Thursday. It is expected that Greeceās primary surplus target will fall to around 2 percent of GDP
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraa debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18
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The race to reduce Greece's bad loans
EconomyBanking, a collateralised portfolio of NPLs from small- and medium-sized businesses worth 2 billion euros is also... NPLs in Greece tot he value of 2 billion euros. The consideration of the transaction, which amounts
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EC sees relief measures securing debt sustainability despite poorer growth, market access prospects
EconomyProgrammeinto a 3 percent long-term nominal growth rate, on the assumption that inflation will reach 2 percent... used in 2015 will be recovered, noting that 2 billion euros were already repaid in February last year
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Newsletter 168 -29/06/2018
growth rate, assuming that inflation will reach 2 percent in 2023 and remain at the that level.... 2 May budget primary surplus at 1.53 bln Confirmed figure beats the target by 1.35 bln The budget
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BoG Monetary Policy Report positive on programme end but advises caution for future targets
EconomyBankingpercent. BoG anticipates Greek economic growth to pick up pace in the coming years, growing by 2 percent... to grow by 2 percent annually, taking the unemployment rate to 16.5 percent in 2020, from 21.5
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May current account shows surplus of 191.5 million as underlying indicators improve
EconomyMacroeconomyarrivals. The primary income balance rose by 2 percent to 797.1 million, while the secondary income..., stemming largely from an 2 billion-euro drop in residents' holdings of foreign bonds and T-Bills. A net
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IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
EconomyProgrammeof 2 percent this year, picking up to 2.4 percent in 2019. Growth is expected to fall below 2 percent
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