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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyoffers reached 5.9 billion euros, which is less than 1/3 of almost 19 billion euros that were... attracted more than 5 billion euros, before closing at 13:45 UK time with total offers of 6 billion euros. In the equivalent time in January, the 15-year had attracted more than 17 billion euros. In terms
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Newsletter 249 -08/05/2020
that ended up covering 80 percent of the private sector through 800,000 enterprises, more than 1.7... into positive territory in April with 7,205 more hirings than firings, data from the Labour Ministry’s... people fired than hired. Ergani noted that there were 233,626 fewer hirings in April 2020 compared
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Outdoor gatherings with hint of protest raise concerns over relaxation of lockdown
PoliticsGreek Politicsthan “letting off steam” after the lockdown and to discourage any attempt at exploiting them... to a hastening, rather than a slowing down of lockdown relaxation. During a regular briefing... earlier than the scheduled date of June 1, in order give an outlet to the crowds congregating in public
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Economic relief eyed as Greece launches fourth round of lockdown easing
PoliticsGreek Politicsthat mean there can only be one customer for every 2 square metres and no more than six people in total... applications since May 20, taking the total for both rounds to more than 7 billion euros so far. Also, reports suggest that more than half a million people could be in flexible working arrangements from
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Newsletter 252 -29/05/2020
than apply for the government’s SURE-backed employment support scheme. In his response to SYRIZA... one unit of NPE reduction is lower via the bad bank than via securitisations. Stournaras is reportedly... total revenues stood at 15.43 billion euros, lower than the target by 1.25 billion or 7.5 percent
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Newsletter 253 -12/06/2020
and similar levels to the one achieved in January. The issue attracted more than 215 accounts led... and budgetary costs are expected to be less severe than the crisis period of 2009-2016. Specifically... rather than reducing, and reaching as high as 20.4 percent under a double-hit scenario. Private
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Covid-19 takes toll on budget as primary deficit widens to 4.80 bln in May
EconomyMacroeconomywas 1.37 billion euros lower than the monthly target. MoF noted that this decrease was mainly due... than the target of 18.74 billion euros. The MoF said that this was due to the impact of measures taken... at 17.85 billion euros, lower than the target by 2.45 billion or 12.1 percent. The full revenue
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Budget primary deficit of 4.80 bln confirmed for May as Covid-19 measures hit
EconomyMacroeconomybillion euros lower than the monthly target. MoF noted that this decrease was mainly due to the adoption... to 16.03 billion euros in the aggregate period, as mentioned, which is significantly lower than... billion euros, lower than the target by 2.50 billion or 12.3 percent. On an aggregate basis, tax
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Controversy over media campaign rumbles on as further details emerge
PoliticsGreek Politicsa table of the 1,232 outlets that had received funds, along with the corresponding amounts. Rather than... readership received larger sums than independent or opposition-friendly media with a bigger audience reach. The analysis claimed that less than 1 percent of the 20 million euros spent across print
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OECD forecasts unemployment increase into 2021
EconomyFeaturesare lower than the OECD average, which sees an average drop in GDP of 7.5 percent under the single hit... scenario, the EU average shows a decline in GDP of 11.5 percent, deeper than Greece, but recovery of 3.5 percent in 2021 which is stronger than Greece’s projection. Regarding jobs at risk due to the crisis
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