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Pensions
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EconomyProgramme
New court verdict adds to concern about impact of backpay on fiscal balance Another court decision on backpay has revived fears that in the months to come the Greek government could be facing an additional spending outlay that may threaten to derail plans to maintain a primary surplus of 3.5 percent of GDP until 2022.
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EconomyProgramme
Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.
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EconomyProgramme
Athens prepares final 2019 budget after green light to ditch pension cuts The government is set to submit the final version of the 2019 budget to Parliament on Wednesday without the pension cuts that were pre-legislated in 2017 but with the so-called “positive” measures announced by Prime Minister Alexis Tsipras at the Thessaloniki Expo in September.
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PoliticsGreek Politics
Coalition closing in on goal of cancelling pension cuts The Greek government moved a step closer on Thursday to securing the much sought-after goal of not having to implement next year the pension cuts it committed to in 2017.
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PoliticsGreek Politics
Coalition optimistic about pension cuts deal as it readies reduction to contributions The Greek government is encouraged about the prospects of reaching an agreement with the institutions on pension cuts this week as it continues its drive to legislate the so-called “positive measures.”
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EconomyProgramme
Athens and lenders search for budget compromise by Thursday's EWG Greece and the European institutions appear to be just days away from a compromise over next year’s budget, although the form that their agreement will take is a matter of some dispute.
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Economy
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay Two recent decisions by first instance courts in Thessaloniki and Athens that awarded pensioners backpay for income lost due to the pension cuts in 2012 has put the spotlight back on a decision by the Council of State (CoS) in 2015 that deemed the pension cuts which were legislated in two instances in 2012 as unconstitutional.
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EconomyProgramme
Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup Monday’s Eurogroup did not provide any definitive answers regarding the negotiations between Greece and the institution over the 2019 budget but the indications are that Athens will be allowed to scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary surplus will not be put at risk.
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EconomyProgramme
Athens ready to start legislating fiscal measures despite ongoing talks over 2019 budget All eyes will be on the dispute of Italy’s budget at Monday’s Eurogroup, but in Greece the government is preparing to start legislating fiscal measures even though the disagreement over its own economic plan for 2019 does not seem to have been settled yet.
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EconomyProgramme
IMF distances itself from budget talks, leaving Athens and EU to hammer out deal The International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budget.