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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... to the podium, not always to discuss the draft legislation, the party leaders rounded off the discussion... relief, the Greek side was encouraged by comments from German Vice Chancellor Sigmar Gabriel
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OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
Economyconservative benefit for the Greek economy stands at 414 million euros (0.24 percent of GDP), which... on the Greek authorities to simplify and make the licencing framework for the wholesale trade... employed 8 percent of Greek workforce, well above the EU average of 4.9 percent. Pharmaceuticals The OECD
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Second review to resume in Athens under severe time pressure
EconomyProgrammediscussions with the Greek authorities on the second programme review. The first round of meetings lasted one week and concluded on October 27. The Greek government is hoping that the second round... (ELSTAT) on October 20. The Greek Fiscal Council recently published its first semi-annual report
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking) that will use tax credits local banks have against the Greek state to issue bonds and then use the funds... that was used in Italy and envisages lifting more than 15 billion euros off banks' books . As the details... such scheme will be deployable, thereby expanding the existing NPE-reduction toolkit. In the meantime, Greek
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBanking) funding. NBG remains the only core Greek bank that is off ELA while retaining a liquidity buffer..., repricing of part of the mortgage book linked with Greek 12-month T-bills during the first half of the year... or funding cost, as Greek sovereigns were replaced with investment grade covered bonds. Capital The Common
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Deal or no deal? Greece wrestles with the Macedonia issue
Agorafew days as Greek MPs prepare to vote on the Prespes Agreement, the diplomatic settlement that seeks... kills off chances for reasoned discussion. But to compound matters, the public debate in Greece has.... Added to this is the toxicity of current Greek politics, which has poisoned the public discussion
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Mitsotakis to continue advertising change on latest EU trip, at Thessaloniki Expo
PoliticsGreek Politics, the government is focussing on the third leg of the Greek prime minister’s European tour and looking ahead... aside and, instead, the Greek leader focussed on investment opportunities and a 10-year green growth plan. To Vima reported on Sunday that the scheme will be inaugurated at a German-Greek investment
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ND feeling fiscal pressure as row over media handouts rumbles on
PoliticsGreek PoliticsUrsula von der Leyen. Even then, though, the Greek government could find itself in a tight fiscal spot... the government’s 20-million-euro handout to Greek media outlets for running the coronavirus awareness... public awareness campaigns via the Greek media, for instance when the Prespes Agreement with North
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Greece to press for EU sanctions roadmap on Turkey as domestic pressure builds
PoliticsGreek Politics. Following the emergency summit, Turkey had agreed to pause explorations, meeting the Greek conditions..., Greek Prime Minister Kyriakos Mitsotakis returns to Brussels for the EU Council meeting determined... Turkish exploration mission in the Aegean, just south of Kastellorizo, led Athens to call off
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Economypct. In the draft budget that was submitted a week ago, the Greek authorities see the economy... outlook, Fitch sees a primary deficit of 0.9 pct in 2023, from 2.2 pct this year, which is far off the Greek draft budget forecast for a primary surplus of 0.7 pct of GDP and the commitment to lenders
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