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Pension and income tax reform bill sets out 4.4 bln in new measures
EconomyProgrammegames would reduce revenues by 201 million compared to those incorporated in the 2016 budget. The GAO... million. This figure is expected to rise to 900 million from 2020 thereafter. 2) Cut in current (284... million. 2) New methodology for calculation of self-employed contributions based on declared
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgramme2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... 1.5 percent and if the programme is off track by 1.76 to 2.25 percent then 2 percent of new cuts... that any measures adopted could be reclassified when the government tables its draft budget in October
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammepercent in 2025 and 1.3 percent from 2030 to 2060. Under this baseline scenario, the primary budget... of interest charged to Greece at 2 percent, with any interest that would have been payable in excess of the 2 percent being deferred until 2050. The accumulated and capitalised deferred interest would
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Newsletter 84 - 29/07/2016
in the first six months. On the same day, the BoG said that credit contraction remained stable at 2 percent..., which is the lowest reading since the start of the year. The final budget execution figures released.... 2 Time to think outside the box Greece needs a robust media watchdog and ethics code
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Newsletter 89 - 23/09/2016
target by 2.78 billion, the preliminary budget execution bulletin showed. The latter reflects a strong underspend of 2 billion, coupled with a revenue overperformance of 646 million. Revenues (before tax... turnover by 6.1 percent. 2 Coalition could face a mauling Nervous Tsipras awaits supreme court
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Unemployment rate falls for second straight month, reaching 23.2 pct in July
EconomyMacroeconomyfell by almost 6 pp to 42.7 percent. Lower decreases of around 2 pp were recorded in the next two... including their unemployment estimates. In particular, the 2017 draft budget foresees the jobless rate... the unemployment rate to land at 23.3 percent this year and drop further by almost 2 percentage points
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Newsletter 95 - 11/11/2016
of 23.3–23.5 percent in 2016, which is expected to fall by 1–2 percentage points in the following... that the key issues of the review include the 2017 budget, the Medium-Term Fiscal Strategy (MTFS.... The headline figure for September is the sixth straight positive reading. 2 The great state
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Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016
EconomyMacroeconomythat the 2017 budget incorporated a GDP contraction of 0.3 in 2016, but government officials recently expected... percent YoY from a much higher growth of 2 percent posted in Q3. Overall, nominal GDP rebounded by 0.4... expects exports to rise by 0.7 percent for the whole year. Imports rebounded 2 percent, fully
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammeon the technical details of the fiscal issues such as the necessity for adopting measures worth 2... the Greek side. The Fund’s stance that additional savings of 2 percent of GDP, or 3.6 billion euros... the state budget. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt
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Greek women in crisis
Agoraof maternity leave covered by the employer (2 months prior to giving birth and 2 months afterwards... to research by the UK Women’s Budget Group for the International Trade Union Confederation (ITUC
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