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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2... into the Unified Auxiliary Insurance Fund (ETEA). The first set of new pension measures would reportedly target... or included in the second set of prior actions. Harder and more painful, the second set of measures
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammethat put the fiscal outcome of this year at risk. The first set of measures includes: a) imposition... delayed and it is not yet known when or if the tax will be implemented. The second set of suggested...) and other – as yet unspecified - revenue measures (110 million). The last set relates to cost savings
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Tsipras in Brussels prep for Obama trip
PoliticsGreek PoliticsAngela Merkel. The one-on-ones were set up as the European Union worries in private but publicly ignores... warmed to the subject in recent weeks. The national debt is set to hit a massive 315 billion euros... of low interest repayment rates set by creditors. If the talks in Brussels go well, the government
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Labour market reforms did exactly what they were supposed to
Agoramoderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... sector wages did not stay intact for long. Although the first set of labour market reforms did
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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammerequirement needed to set up such an organisation. Greece’s lenders have not been willing so far to direct... a blueprint on the set-up of national asset management companies (AMCs). The proposals show member states how they can set up national AMCs that are in full compliance with EU banking and State aid
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Greek leaders' contrasting visions all a blur
Agoraforth from SYRIZA, New Democracy and their supporters, the party’s two leaders have set out... be a shame under any circumstances, but especially as Greek leaders have started to set out plans... a three-pillar system that was reformed in 2017 and the transition period for the first pillar was set
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Athens moves ahead with expansionary measures as it waits for lenders' response
EconomyProgrammeThe Greek government is set to find out this week what the institutions think about the package... for each of the coming three years – 2020, 2021 and 2022). The idea set out by Prime Minister Alexis Tsipras and Tsakalotos is that, with this money for debt servicing set aside, Greece would be able
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A campaign that leaves Greece in pain
Agorathe fact that as the ruling party it has the most prominent platform and the biggest duty to set... ended up in such a profound economic and social crisis because the rot set in over many years, well... that derailed the country. They set the bar high but have spent much of the last five years content to pass
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Mitsotakis earns space to govern with big win, Tsipras limits damage
PoliticsGreek PoliticsSolution on 3.7 percent and MeRA25 on 3.48 percent. Far-right Golden Dawn looked set to miss out... for, the result was close to the target that would have been set by Mitsotakis. However... majority in Parliament for New Democracy, which is set to claim 158 of the 300 seats. This means
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ND prepares first three bills for votes before Parliament's summer recess
PoliticsGreek Politics’s 158 MPs would vote, but what policy agenda the centre-right party would set out over the three-day debate. The government is set to bring three bills to Parliament by August 10, when the House... is also set to contain a provision for the scrapping of the so-called university "asylum" law, which
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