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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politics, it is not clear yet whether lenders would agree to a lower increase, such as 0.5 pp each for employers and employees. Each 0.5 pp rise in contributions is estimated to entail incremental revenues of around 150
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SYRIZA not entirely behind plans for changes to constitution, electoral system
PoliticsGreek Politicswhen in opposition. The government has not revealed its proposals yet but there have been...The relatively low turnout for the anti-government protest held in Athens on Wednesday means that internal party issues are coming to the fore again. Less than 10,000 people are estimated to have
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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek PoliticsPrime Minister Alexis Tsipras made the clearest attempt yet on Thursday night to change the negative mood surrounding his government by presenting a growth plan for the coming years. In a carefully... is estimated at 480 million euros between 2016 and 2022. The direct public revenues expected from
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Out-of-court settlement: An important tool to regulate debts to banks and public sector
Legal. Furthermore, as regards the major issue of debt forgiveness, even though there is no official agreement yet, it is estimated that the concerned parties will accept the government's proposal to exclude the VAT
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingof 2016. Gross loans increased by more than 1.4 billion euros QoQ to 66.6 billion in Q4, yet..., aggressive cost management and lower cost of risk, while foreign asset disposals are estimated to have
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Newsletter 116 - 28/04/2017
of collective bargaining after the end of the programme in summer 2018) had not yet been resolved... percent and estimated additional investments until the expiration of the concession in 2051. Credit
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HRADF outlines major privatisation plan, no timelines given
EconomyProgramme(financial, legal and technical) have yet to be selected for seven privatisations, which mostly include... euros. For 2018, privatisation revenues are estimated much higher, at 2.74 billion. Most
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Manufacturing wage cuts were turned into profit, GSEE study claims
EconomyFeaturesmanufacturing costs from the customer appears to have ended in 2016, though the results have yet to be felt... period between 2010 to 2016. An estimated 70,000 salaried jobs in the manufacturing sector were
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Fourth review nears conclusion, clearing path for debt relief agreement
EconomyProgrammeof this surveillance has not yet been confirmed but the “enhanced supervision” should be in place for at least...-up margin on loans that were extended in 2012, which would save Athens an estimated 220 million
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Coalition closing in on goal of cancelling pension cuts
PoliticsGreek Politics. The fiscal impact of the entire package is estimated at 766 million euros in the draft budget. Going into Thursday’s EWG, it was reported that the European Commission and Athens had not yet bridged
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