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Newsletter 75 - 27/05/2016
up a secondary market for loan (including non-performing loan) sales, established a new privatisation... sales and pension reform and pending actions on the privatisation front. The milestones for the second tranche include interventions in the areas of privatisation, bank governance, the revenue agency
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Grassroots protests highlight public discontent with development policies
PoliticsGreek Politicsranging from water privatisation to tourism development. The development suggests that public discontent... square of Thessaloniki held in protest against water privatisation. The event was organised... that the measure paves the way for the privatisation of water management, the majority of which
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European Commission review of Greek programme: The key points
EconomyProgramme. Privatisations The target for privatisation receipts in 2014 was revised downwards to 1.5 billion from the 3.56 billion envisaged by the Greek government in the 2014 budget. The new cumulative privatisation target... for nominal GDP due to deeper price adjustment and privatisation revenues coupled with higher arrears
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Newsletter 74 - 20/05/2016
MPs to vote on pending issues Bill foresees establishment of new privatisation fund Parliament... and non-performing loans (NPLs), the establishment of the new privatisation fund and legislation.... In addition, the new privatisation fund, whose title has been officially translated as the Hellenic Company
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In potential clash with lenders, SYRIZA wants to use privatistion receipts to fund social policies
Economyfor the privatisation fund is expected to be tabled in the next 30-45 days. Most critically, Valavani said that the new privatisation fund's revenues will be used to finance the government’s social policies... of privatisation proceeds, which would be placed into a special escrow account to be used solely for debt reduction
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeliberalisation of the non-performing loan (NPL) market and the new privatisation fund. Pension... ease the burden on cooperative borrowers and enable banks to unlock tied-up funds. Privatisation Fund... Wolfgang Schaeuble has repeatedly noted that he considers the establishment of a new privatisation fund
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Commission sees lower Greek financing needs, provides timetable for course of programme
EconomyProgrammebillion, while privatisation receipts of around 6 billion are also expected to lower financing needs... billion to arrears’ clearance. Deducting privatisation revenues of 1.3 billion and ANFA profits..., and 2.3 billion arrears’ clearance. Privatisation proceeds of 3.2 billion and ANDA profits of 0.3
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesby Greece as part of the successive bailouts, including but not limited to the privatisation programme. In the decade since its establishment in 2011, the privatisation fund HRADF has brought in close... euros already accounted for in H1. These include major privatisation deals like the acquisition of 49
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Tsipras begins effort to avoid SYRIZA division over deal with creditors
PoliticsGreek Politics’s proposals on the privatisation issue are a little ambiguous. Greece commits to completing... for energy privatisation. While Greece is bound by European Union competition rules to liberalise the market... to avoid their privatisation, it would go some way to quashing any reaction from Lafazanis and others
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyrisk and smoothening of the maturity profile. Privatisations Total privatisation proceeds are seen... billion and increased privatisation revenues of 2.04 billion from just 123 million in 2016... to the 2017 budget, the bulk (1.93 billion) of the anticipated privatisation revenues will stem from
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