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Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek PoliticsPrime Minister Alexis Tsipras heads for talks with German Chancellor Angela Merkel in Berlin on Friday boosted by broad support in Greek Parliament for his controversial pledge for a Christmas bonus to 1.6 million pensioners and knowing that he has put main opposition party New Democracy in a tricky position.
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IMF sets out its stall as review deliberations resume in Athens
EconomyProgrammeFollowing the statements made during a regular press briefing by the IMF spokesman Gerry Rice last Thursday ahead of the resumption of discussions between the institutions’ mission chiefs in Athens, the IMF sent a very strong message regarding the Greek programme on Monday evening.
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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgrammeLabour market reforms have proved one of the most complex issues in the second programme review, as was evident from the negotiations between Greece and its lenders so far as well as the December 5 Eurogroup statement.
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeDuring the second round of meetings between the institutions’ mission chiefs and the Greek government, a draft supplemental memorandum of understanding (sMoU) was prepared.
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New round of cuts in supplementary pensions
EconomyThe Unified Auxiliary Insurance Fund (ETEA) confirmed on Wednesday that 230-240,000 supplementary pensions, around 20 percent of the total number of 1.24 million, will be downward adjusted.
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After calm summer, hectic September lies ahead for Greek government
EconomyProgrammeAlthough August appears to be a relatively quiet month for the government, particularly compared to the previous months and last year, there is a list of 15 prior actions the government is supposed to implement by mid-September to receive the next aid tranche of 2.8 billion euros.
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Pending pensions mount up, complicating fiscal effort
EconomyDuring the recent annual conference organised by the Confederation of Social Security Workers (POPOPK), its chairman provided an update on the key pension fund figures, which continue to demonstrate a bleak outlook for the Greek social security sector.
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeThe compliance report for the first programme review published by the European Commission (EC) last week revealed, among others, the long term fiscal impact of the pension reform arising from the measures legislated in the summer of 2015 as well as from those recently voted through Parliament.
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Government tables amendments with aim of securing bailout tranche within days
EconomyProgrammeThe government tabled in Parliament on Wednesday evening four amendments regarding most, but not all, of the pending prior actions required for the disbursement of the next bailout tranche of 7.5 billion euros.
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Ministry's actuarial study shows the devastating impact of the crisis on the pension system
EconomyThe Labour Ministry published on Thursday the long-awaited actuarial study that accompanies the pension reform outlining the key factors that had a negative impact on the sustainability of the Greek pension system.