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Newsletter 174 -14/09/2018
, after April’s rise of 2 percent. Last year, the index remained consistently positive. Month-on-month... trip rose by 0.6 percent to 498 euros compared to 495 euros for the same time last year. 2..., the index fell by 0.4 percent quarter-on-quarter (QoQ) after having risen by 2 percent in Q1.The
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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomy. The issue of savings worth 2 percent of GDP for the post-programme period was pivotal.... As such, the IMF argued that this required additional savings of 2 percent of GDP, which would come from 1... at their disposal an expansionary package worth close to 2 billion euros of spending with the lion’s
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Primary surplus confirmed at 4.80 bln on lower tax refunds and public investments
EconomyMacroeconomyin consumption tax to 6.34 billion, while VAT revenues also rose by 2 percent to 11.86 billion. On a monthly... reached 1.27 billion. The MoF is targeting privatisation revenues of around 2 billion euros... the target by 155 million. Overall, in the first nine months of the year, expenditure increased by 2
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyfor the purpose of this forecast, Greece is expected to grow by 2 percent in 2018, slightly higher from the 1.9 percent previously. Growth next year is seen at 2 percent, from 2.3 percent previously although... to 2.3 percent growth. Growth for 2020 is also seen at 2 percent. Although investment is expected
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Newsletter 186 -07/12/2018
in bonds maturing in 2019, while the repayments to the IMF amount to just short of 2 billion euros...’s growth to 1.7 percent. On an annual basis, GDP growth has stayed above 2 percent for four out... of a Strategic Investment should not exceed three years from the date of the ministerial decision 2
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Alpha Bank and Eurobank start new year with further bad loan sales
EconomyBankingNPEs through a combination of the 7 billion transferred to the SPV and 2 billion from the securitisation of 2 billion euros-worth of housing loans under the code name Pillar. With the merger... 2 billion euros worth of mortgage loans. A prospectus distributed to prospective investors
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
EconomyProgrammein 2018, around 2 billion euros remained unpaid at the end of December. The Finance Ministry has argued... from the previous estimates in Autumn. The Commission sees 2018 growth settling at 2 percent... is estimated to reach 2.2 percent in 2019 and 2.3 percent in 2020, compared to an estimate of 2 percent
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Newsletter 198 -15/03/2019
to make up just 2 billion euros, compared to 9 billion euros of non-performing mortgages... access and signed the first bailout. Greece raised 2.5 billion euros, was looking initially for 2... objectives it needs more credible measures to achieve them in the IMF’s view. 2 Unemployment at 18.7 pct
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsfew days. Centre-left Movement for Change (KINAL) gained 7.1 percent (2 MEPs), the Communist Party (KKE) 5.7 percent (2 MEPs) and Golden Dawn 4.8 percent (2 MEPs). Beyond the considerable winning
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingstaying negative for a tenth quarter. A very slight increase in NPE formation of 2 million euros... and 2021. Reductions in 2019 are expected to come from the sale of the Pillar portfolio (2 billion... by the bank for the Pillar portfolio of residential mortgage NPEs worth roughly 2 billion euros. Non
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