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Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
EconomyProgram (EAP) target of 3 percent. The upward revised estimate for 2015 primary surplus compared... with To Vima, Staikouras said that under current estimates 2014 primary surplus is estimated at 2... or lower estimates in the final budget due to be voted in December.
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Cabinet reshuffle rumoured as scale of flood reconstruction task begins to dawn
PoliticsGreek Politics. Banks estimate that up to 1.5 billion euros of loans will be frozen as part of the first package..., as the resignation of a second cabinet minister is widely expected to be followed by a reshuffle. Estimates... estimates, government officials see the fiscal cost of Daniel at 2.5 billion euros, while the economic
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Finance Ministry challenges SYRIZA's plans for economy, ups cost
Economy’s estimate) f) reduction in the excise tax on heating oil (at 250 million versus zero by SYRIZA... calculations on the estimated cost of SYRIZA measures. The document also details the potentially... loans, which is estimated at 10 billion euros by MoF under a conservative scenario, which is 8
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Public sector capital stock in Greece and the Euro-19
Agorasector combined). To estimate the time series for general government gross fixed capital spending... for the euro-19 countries. Both lines are in percent of real GDP. The estimates of the respective capital... includes estimates of the public sector capital stock. Few governments in the world do
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What is the state of play with Greek banks?
Economy, the evolution of bad loans going forward is the key threat and unpredictable factor in any estimate... loss projections with forward-looking estimates on the domestic loan losses over a 5-year horizon... a majority stake in Pangaea, its real estate investment subsidiary with an estimated market value of its
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Greek banks' capital backstop and the funding gap: An uneasy relationship
Economybackstop facility. It is, however, premature to estimate any a figure given that several major issues... point out: - the haircut that would be applied to banks’ profitability estimates included... for 2014-15. The latter was estimated at 10.9 billion by the IMF in its latest review report in July 2013
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Troika review begins with fiscal targets and tax breaks in focus
EconomyMacroeconomyof 1.5 percent. The ministry is reportedly going to set its estimate for 2015 at 2.3 – 2.5 percent... by Athens and its lenders. Apart from the updated estimates on income tax and single property tax... was estimated at 2.02 billion (1.1 percent of GDP) by the IMF in its fifth review report on June 10
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Updated Greek reform proposals see 2015 primary surplus reaching programme target 3 pct
EconomyProgrammeof GDP in 2015 incorporated under the assumption that there are no policy changes. This estimate... (privatization proceeds) of 1.5 billion for 2015. Under more positive estimates on the revenue..., the primary surplus for 2015 is estimated at 2.1 billion euros compared to 593 million in 2014. The breakdown
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IFRS 9 provisions required by banks in line with expectations
EconomyBankingof potential loan losses. Market analysts had estimated the impact of the new accounting rules in the region of 5.5 to 6 billion euros. Alpha Bank announced that its estimate for the IFRS adoption.... Greek lenders recently announced their estimates for the first-time adoption of the new IFRS 9
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Newsletter 209 -07/06/2019
also adopted a package of permanent fiscal measures which the European institutions estimate will have...) in the first quarter (Q1) of 2019 after a decline of -0.1 percent seen in Q4 2018, provisional estimates from... have an estimated impact of around 1 percent of GDP, or 1.8 billion euros, and is seen as being
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