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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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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammelow and the interventions that are due to be announced look set to fall below the bar set... for the last few weeks after being satisfied that Athens has met the targets that had been set... euros. The government is estimated to have already set aside around 6 billion euros
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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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Banks and government inching towards new framework to protect primary homes
EconomyProgrammehomeowners have to repay each month. It has set aside 150 million euros this year for this purpose... foreclosure is to be set will be between 100,000 and 120,000 euros. The talks are set to continue this week... Commission set to issue its report on February 27, it was made clear at Monday’s Eurogroup that a range
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the assessed, or “objective,” value of the property will be set at 250,000 euros. Under the Katseli law, the upper limit was set at 280,000 euros. The other main criteria will be the remainder of the mortgage, where the upper level has been set at 130,000 euros. The new system will also include under its
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeis set to agree to the threshold for the maximum deposits an applicant can have being set at 30 percent of the residual mortgage. The maximum level of the residual mortgage was set at 130,000 euros in the government’s original proposal. The report also suggests that Greek authorities are 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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New government aims for extensive changes to education system
Societyeducation system when the new government set out its policy agenda recently. The proposed changes... freedom to set their teaching plans, and teacher training would also be upgraded. The process... currently face no time limit to finish their degrees, would end with the introduction of set timeframe
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Government gets back to work with shuttle diplomacy and legislation
PoliticsGreek Politicsat home several pieces of draft legislation will be tabled, resuming the pace set after... is to set the scene for requesting a softening of those targets, and specifically a reduction... the conversation this early in his term. Rather, he is expected to set the scene by pointing
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Enhanced support package on way to combat inflation, as govt awaits crucial nod from EU
PoliticsGreek Politicsthe effects of the war in Ukraine on inflation. With the cost set to balloon over the coming weeks... finances. Subsidies on energy bills are set to continue in March at the same levels as February, which.... At the same time, following the new guidance from the EU, support for industry is also set to rise in April
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