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Athens set for 6.7 bln bailout tranche, talks on post-MoU framework
EconomyProgrammerequire ministerial decisions and are set to be settled before the European Stability Mechanism’s... that another 1 billion euros is due to be released in mid-April once the money disbursed for clearance... a “Framework for Growth and Stability,” making use of the terms already set out for the ESM’s Precautionary
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Tsipras to set out path for new cabinet as pension discussion looms
PoliticsGreek Politicscabinet meeting will be an opportunity for the prime minister to set out his ideas for the government... will unveil a set of fiscal policies aimed at changing the mood among voters. Pension cuts Tsipras will also be banking on his government not having to implement next year the 1 percent of GDP
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Athens set to press ahead with primary residence law despite differences with lenders
EconomyProgrammeThe Greek government appears set to table in Parliament on Friday the draft law for the new... look at whether Greece has done enough to qualify for the almost 1 billion euros in debt relief... should not be eligible. The government had set the limit at 65,000 euros. The scheme would cover up
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Greek banks set for early ELA return in apparent precautionary move
Economywould no longer be eligible for ECB funding from March 1. However, it appears that liquidity... amount of state guarantees was set at a maximum of 23 billion euros and that threshold was later... bank bonds would not qualify for ECB funding eligibility as of March 1, 2015. This date coincides
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What the latest set of prior actions mean for home foreclosures
Economyand not to the “objective” price set by tax authorities and which is currently applied. Objective prices have not been... legal framework for foreclosures becomes effective as of January 1, 2016. According to local media... and conversion associated with the bail-in tool, will be applicable in Greece only January 1, 2016
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Fiscal obligations set out in sMoU, discussion on speeding up tax measures due in May
EconomyProgramme, which will set spending ceilings consistent with programme targets and the primary surplus of 3.5... of 1 percent of GDP in 2019-2022 and a personal income tax reform to be implemented in 2020 and delivering net savings of 1 percent of GDP in 2020, 2021 and 2022 The pensions and income tax reforms
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CPI up again in June with 1 pct increase
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 1 percent in June from 1.2 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Monday. Although the June headline figure... indicate that consumer prices are set to rise in 2017 for the first time in the last four years
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CPI up by 1 pct in July for seventh straight rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 1 percent in July, remaining at the same level as June, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. Although unchanged from... that consumer prices are set to rise in 2017 for the first time in the last four years. The Finance
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European Commission report due to set tone for build-up to March 11 Eurogroup
EconomyProgrammeto decide on whether to approve debt relief measures totalling up to 1 billion euros. The government.... The payment scheme is set to include up to 100 instalments as well as a reduction or complete cancellation
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Eurozone set to give next govt until Sept to address fiscal issues
EconomyProgrammefinance minister is likely to have to set out what fiscal measures the new government plans to take... Semester, the Commission recommends that Greece should: 1) Achieve a sustainable recovery and address
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