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Tsakalotos role under scrutiny as talks become more tense
PoliticsGreek Politicsof the February 20 Eurogroup, when it argued that the contractionary measures demanded by the lenders would... of the March 20 Eurogroup. This has been evident from the far more reserved interpretation given... on is that it is possible to have a technical agreement with the lenders by the Eurogroup on March 20. Speaking to MPs
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Greek household expenditure falls by another 2.5 pct in 2016
Society) of the richest 20 percent of the population is 5.5 times higher than that for the poorest 20 percent of the population. The poorest 20 percent also spent more than double of their household expenditure on food than that of the richest 20 percent (32.2 percent versus 14.2 percent). The at-risk-of-poverty rate
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Tight schedule ahead for Athens and lenders in build-up to MoU exit
EconomyProgramme, the report suggests that if the June 20 Eurogroup does not confirm the conclusion of the fourth review, there is a danger these funds could be lost as the programme ends on August 20. This is where a four... concluded and the lenders to reach an agreement on debt relief and surveillance by the June 20
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Newsletter 154 -9/03/2018
of loans made by the International Monetary Fund to Greece. However, if the June 20 Eurogroup does... as the programme ends on August 20. This is where a four-month extension could kick in, ensuring... the institutions time to reach an agreement on debt relief and surveillance by the June 20 Eurogroup. A delay
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Household expenditure edges up again in 2018, still well below pre-crisis level
Societyreported that the median equivalent consumption expenditure of the richest 20 percent... of the poorest 20 percent of the population. The share of the median equivalent expenditure on food by the poorest 20 percent of the population equalled 33.9 percent of total household expenditure, while
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How big is the gap separating Greece and the institutions?
EconomyProgrammefor 2016 (2.87 percent of GDP) that would result in a primary surplus of 1 percent of GDP for 2015... on revenues of 1 percent of GDP on an annual basis compared to the 0.74 percent proposed by the Greek... to this year since the new VAT rates will be effective from July 1. Apart from the total estimated
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Newsletter 219 -13/09/2019
workers will be reduced from July 1 next year. Mitsotakis said the aim is to bring them down by 1... in those employed, bringing the total to 3.96 million. The number of long-term unemployed (over 1 year... in August, following a 1 percent rise in July. Greece’s Consumer Price Index (CPI) remained contracted
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Greek 2013 primary surplus confirmed at 1.5 bln euros
Economydebt, 1 billion to reduce state arrears and 500 million would be given as a “social dividend... the reduction of social security contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective from July 1. The MoF insisted on Wednesday that it could still meet
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Greece's updated proposals to lenders and how they compare to previous efforts
EconomyProgrammein the previous proposal. The pension interventions include: 1) Early retirement restrictions totalling... the cut by 3.9 pp that was implemented by the previous government as of July 1, 2014. At that time... with estimated revenues at 135 million in 2015 and 270 million in 2016. This corresponds to a 1 percent
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Greece, the troika and banks' capital needs: A step-by-step guide
EconomyProgrammeMonetary Fund estimates Greek banks’ capital needs at 20 billion compared to 5-6 billion earlier suggested... on capital needs? On February 20, the BoG unexpectedly informed the management of the top four Greek... that the IMF has estimated capital needs at 20 billion euros, almost four times larger than
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