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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomylast year, and 98 million higher than target. Overall, net revenues grew 1.9 percent in August and 4.1..., remaining 2 billion lower than target. MoF said that compared to last year, expenditure increased by 292... the so-called “special appropriation” (i.e. the money set aside for arrears from the last programme
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S&P affirms Greece’s rating with stable outlook
Economynotches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC’ set on August 18, 2015). The rating agency said the affirmation reflects its assessment... of the Greek population pays around 60 percent of taxes, while more than half of wage and pension earners
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Newsletter 150 -26/01/2018
war between the government and New Democracy, which is set to intensify in the near future. Parliament now has to decide whether to set up a preliminary inquiry, whose task it will be to decide whether... settled at 3.5 percent and matching the pre-sales demand, it was finally oversubscribed more than twice
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PM prepares to finalise relief package as talk of electoral tweak gathers pace
PoliticsGreek Politics. Additional cost-of-living relief is set to provide breathing space to more than 1.5 million households...Greek politics is set to resume its normal rhythm again after the peak of the summer holidays over... in the next general elections, due to be held in less than two years. Reports suggest
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Greek banks set for early ELA return in apparent precautionary move
Economyamount of state guarantees was set at a maximum of 23 billion euros and that threshold was later... euros at the end of November comprised solely of ECB funding. Less than half of this amount (21
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Defections and alliances as parties set out on campaign trail
PoliticsGreek Politicsat the polls on September 20. Tsipras set out on the campaign trail from Crete on Tuesday, when he.... In this respect, the partnership will not bring more than a few thousands votes to PASOK (DIMAR gained just
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Second post-MoU review set to begin as Athens eyes return to bond markets
EconomyProgrammewith a primary surplus of more than 3.7 percent, above the 3.5 percent target. However, there is concern... will be in place by then. Reports suggest the level of protection for primary residences is set to fall
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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..., saving Greece more than 100 million euros in interest payments. However, official requests need
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New labour law set to cause friction, as surprise candidate launches SYRIZA leadership bid
PoliticsGreek PoliticsAfter a summer of challenging developments, New Democracy’s latest labour reform initiative is set to be the first true test of the party’s legislative agenda since its return to power in June...” employment contracts. The provision allowing workers to hold more than one job at a time has also been
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Opposition set to back same-sex marriage bill, easing passage through Parliament
PoliticsGreek PoliticsSamaras will vote against the legislation, rather than follow Mitsotakis’s recommendation to abstain... to legislation that would allow foreign universities to set up branches in Greece, sidestepping Article 16
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