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Better contribution collection for Greek pension funds but 5.1-bln shortfall looms
Economyunpaid pensions, 1 billion from lump-sums and 450 million from unpaid supplementary pensions. POPOPK... of unemployed surging by 1 million to 1.34 million in Q1 2014 from 364 thousand in Q3 2008. b) 3 billion... actions demanded by the eurozone for the disbursement of the next two bailout sub-tranches of 1 billion
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Newsletter 29 - 05/06/2015
lenders are demanding new fiscal measures of around 3 billion, which is markedly higher than the 1–1.5... surplus targets to 1 percent of GDP for 2015, 2 percent in 2016, 3 percent in 2017 and 3.5 percent..., for the 1 percent primary surplus target to be met, additional measures of 3 billion have to be adopted
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Greek banks' equity raising could keep official support to a minimum
Economy, and hybrid securities is activated. CoCos, which qualify as Common Equity Tier 1 (CET1) capital “pari passu... and 78 million to Tier 1 securities. Bondholders are offered the option for a share exchange at 100 percent of nominal value for senior notes, at 80 percent for Tier 2 and at 50 percent for Tier 1
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Coalition considers options for addressing pension system sustainability
EconomyProgrammepensioners currently stands at 1:1.7 compared to a target of 1:2.1 for a viable pension system. The key points of the proposed pension reform include: 1) A national pension with a growth clause equal... savings from pensions of 1 percent of GDP in 2016. Katrougalos said the aim is those savings
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Multi-bill tabled as Greece aims to take last step to completion of review
EconomyProgramme’s key provisions relate to the parametric fiscal measures yielding 1 percent of GDP... as of June 1 with estimated annual revenues of 437 million and a rise in the excise tax on cigarettes... of the public sector attrition rule from 1 hiring for 5 departures in 2016 to 1:4 in 2017 and to 1:3
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingAlpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including... at 26 billion, the NPE stock has to be reduced by another 1 billion in H2, with the management stating..., while another 1 and 2.5 billion are due to be assigned within October and mid-2018 respectively. P&L NII
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Newsletter 135 - 13/10/2017
percent in 2018, after which growth drops and is estimated to reach 1 percent in 2022, according.... According to the IMF, the number of pensions will increase at around 1 percent per year. Greece predicts... by 1 pct in September Headline figure represents ninth consecutive rise after four years
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Tsipras confirms Parliament will probe contentious Novartis bribery claims
PoliticsGreek Politics. The committee will have 21 members (10 SYRIZA, 5 New Democracy, 1 PASOK, 1 Golden Dawn, 1 KKE, 1 ANEL, 1 Union of Centrists & 1 To Potami), with the governing coalition being represented by 11 MPs, who
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Public sector staff trends survive MoU exit, change of government
Societystable At the end of the adjustment programme, Greece committed to a replenishment ratio of 1:1... the ratio had been as low as 1:5 (one hire for every five departures), transitioning to 1:3 in the final... the creation of new permanent posts outside the 1:1 ratio on the basis that they would result
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The allocation of labor resources in Greece and the EU-27
Agoradestruction.”[1] The public sector never goes out of business, no matter how inefficient it is. If it runs... then plotted an index (2001-Q1=100) for employment in the public and private sectors. Figure 1... employment has grown or declined in the public and private sectors since early 2001. From figure 1
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