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Newsletter 420 - 12/04/2024
by the Bank of Greece in its annual report this week, is to set aside fiscal space and use it instead... burden. Hatzidakis unveiled a total package of 870 million euros, with the lion's share coming from the planned increase in pensions, set by law as the average of inflation and GDP growth each year
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Government tones down fiscal pledges as tighter framework starts to bite
EconomyMacroeconomy, is to set aside fiscal space and use it instead for debt reduction initiatives. It is clear... has lined up for next year to boost incomes and reduce the tax burden. Hatzidakis unveiled a total..., set by law as the average of inflation and GDP growth each year, which will have an annual fiscal
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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
PoliticsGreek PoliticsIn an extensive TV interview on Thursday night, Prime Minister Kyriakos Mitsotakis set the bar... in total that Greece sent to the European Parliament. Recent opinion polls have indicated that ND... of the south.” He accepted that improvements can be made, as set out by the European Commission’s rule
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Lack of savings points to wider economic issues
EconomyMacroeconomy. The latest set of data that was presented at a Eurobank event last week in cooperation with Athens University.... The social inequalities are also captured by the data, as 40 pct of the total savings comes from 1... in employment struggle to set aside any savings. Bank of Greece governor, Yannis Stournaras, was present
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PM banks on restoration and compensation healing Attica fire wounds
PoliticsGreek Politicsto the Copernicus Emergency Management Service, a total of 1,238 buildings were affected by the fire, which... will set out the government’s plan after meetings with local officials. In the meantime, the government... to 760 million euros this year from 580 million last year. Another 600 million has been set aside
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PM gears up for communications drive as PASOK marks 50 years
PoliticsGreek Politicswill deliver the annual set-piece speech at the Thessaloniki International Fair, to mark the opening... is due to visit the region of Thessaly in central Greece to set out the government’s plan for helping... flood defences. Government officials say that the total budget for this work will reach 3.5 billion
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Fresh inquiry looms as file on farming subsidy investigation reaches Parliament
PoliticsGreek Politicsparty. Opposition parties are set to demand a preliminary inquiry into criminal charges levelled in the file against a total 15 members of Parliament named in the prosecutor’s file, 13 of whom belong..., which would set a tight schedule with summer recess approaching. Regardless of the fate
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PM finalises relief measures in ambitious but risky move to sway voters
PoliticsGreek Politicsmarginal rates for earners in the 40–50k band. Together, these adjustments are set to deliver annual... the top bracket. In total, it is estimated that this will amount to roughly 1.2 billion in foregone..., the PM is set to announce more generous lump-sum discounts for on-time tax payments (above 4 percent
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Mitsotakis delivers major tax-cut package as he seeks to stay course for another term
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has presented a long-anticipated and much-advertised set of tax... interventions – worth a total of around 1.7 billion euros - that had been the subject of intense speculation... “personal difference”, with complete abolition set for 2027. Landlords earning 12,000–24,000 euros now
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Farmers and government edge towards dialogue after weeks of escalation
PoliticsGreek Politics, averting a total transport blackout. Tractors, however, remain stationed along national roads... electricity costs. The government’s GAIA programme set agricultural tariffs at 0.085 euros per kilowatt hour... at Tuesday’s meeting and to set “red lines” for negotiations. Behind the scenes, informal contacts
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