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Greek talks go down to the wire as IMF raises major objections
PoliticsGreek Politics, which reportedly believes the heavy reliance on tax rises for a fiscal adjustment of more than 7... in revenues from VAT at 1 percent of GDP (1.8 billion) versus 0.74 percent (1.36 billion) included
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Record revenue shortfall of 2.83 bln in July shrinks primary surplus outperformance
EconomyMacroeconomyby 2.83 billion. This is mainly attributed to: 1) SMP and ANFA income of 1.46 billion... of 390 million. PIB revenues and expenditure were subdued in July at just 7 and 44 million respectively
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Unemployment rate eases to 24.6 pct in Q2 as number of employed jumps
EconomyMacroeconomy(around 2 pp) to 21.5 and 28.3 percent respectively. The latter remains steadily almost 7 pp higher... and 22.8 percent last year. The number of ‘long-term’ (more than 1 year) unemployed fell well below
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Tsipras confounds expectations, creates new doubts by reviving coalition
PoliticsGreek Politicsdifference was a surprise, as was the fact that SYRIZA saw its January support drop by less than 1... ended at 7 p.m. to discuss the possibility of working together. However, this plan was quickly
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Current account balance shows a surplus for third straight month, at 2.09 bln in August
EconomyMacroeconomycorresponds to lower imports by 4 billion. At the same time, exports fell by 5.8 percent or 1 billion. BoG... billion partly offset by a rise in residents’ investment in foreign shares by 7 billion. At the same
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Greek shares up for the third straight week on strong performance from banks
Economybetween 5 to 7 billion. At the same time, bankers also appeared optimistic on the final outcome... on Thursday Greek banks’ Emergency Liquidity Assistance (ELA) ceiling for the fifth straight time by 1 billion
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ECB sees Greek banks' total capital needs at 14.4 bln, recap plans to come
Economyreflects a rise in the non-performing exposure (NPE) by 7 billion. Eurobank showed the lowest capital... scenario. The ECB also disclosed for the first time the Common Equity Tier 1 (CET1) hurdle rates, which
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Cabinet act firms up details of CoCos issuance by Greek banks
Economy) and common shares (25 percent). CoCos are perpetual and qualify as Common Equity Tier 1 (CET1) capital... of 7 percent increasing by 0.5 percentage points per annum up to 9.5 percent on the fifth year. Note
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Greece faces tight deadline for second set of milestones, first review looms
EconomyProgrammeThe Greek government has until December 11 to complete the implementation of the second set of milestones so it can receive the next sub-tranche of 1 billion euros, an EU official told Kathimerini... on the 2016 Budget on Saturday, while a Eurogroup is scheduled to take place on December 7. The Eurogroup
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BoG report highlights need for programme implementation, political consensus
Economyinvolve: 1) Addressing the issue of NPLs that would ease the burden on cooperative borrowers and enable... to implement the necessary structural reforms. 7) Increasing investment also to bridge the gap between
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