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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammeThe protection of primary homes from foreclosures emerged as one of the key areas of significant... couple with one child and 450,000 euros for a couple with two children. Bank sources note... involve a painful compromise for the government, since this is a very sensitive issue with several
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Differing views on refugee crisis at heart of Greek-German relations
PoliticsForeign Policywith Turkey to stem the flow of migrants through this prism. Germany has been very clear from... or institutions – not states – that the Turks would never ask for. This is interesting. And no one can respond to this request, which I saw mainly in the media, because no one has asked it of us
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Discontent in SYRIZA simmers as Tsipras seeks to conclude talks with creditors
PoliticsGreek PoliticsPrime Minister Alexis Tsipras will have one eye on potential unrest within his party this week... prominent one, said that while SYRIZA was able to argue during last September’s elections... as SYRIZA’s own programme rather than something that is being imposed by Greece’s creditors. One more
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Government hopes offer of tax breaks and grants will spark growth boost
EconomyMacroeconomyfor domestic production. One of the key provisions of the law is the support for investments above 20 million euros that create at least two jobs per one million euros invested. For these types...-sized companies and clusters, at 150,000 euros for very small and small businesses and at 100,000
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
Societyestimated the extreme poverty threshold ranges from 182 euros per month for a one-person privately... children, which were in a better position than families with one or two. The survey also found... from 50 percent in 2011. In contrast, only one percent of families of civil servants, public sector
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Mangling the truth
Agorato a state of war. Certainly, one could safely say that accuracy has taken a severe battering during... twisted one way and another to suit a particular theory or ideology. Media that have been friendly..., which is to consult with the relevant Bundestag committee. One piece of manufactured intrigue
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Simple majority for new electoral law, which threatens future complications
PoliticsGreek Politicsand try to get a supermajority, meaning the one voted through Parliament never applies. In fact, New... that rather than having to find one coalition partner (e.g. Independent Greeks, who would gain two more... of Centrists. The party’s leader, Vassilis Leventis, was very enthusiastic in his support of the bill
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After raising labour concerns, back to grind of talks for Tsipras
PoliticsGreek Politicsbut pointed out that there is no “one-size-fits-all” system that can be applied in all member states... to uphold a very high level of social protection and the best practices in labour relations across all... regarding labour reforms. This issue seems to be one of the last remaining obstacles in the discussions
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Material deprivation rises, while poverty risk drops slightly
Societyand non-poor while the risk of poverty fell very slightly in 2016, Hellenic Statistical Authority (ELSTAT... deprivation was classified as the enforced inability to pay unexpected expenses, afford a one-week annual... for households with one adult and at least one dependent child went down by 0.8 percentage points
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingthat are past due for more than 90 days (excluding denounced loans) are non-performing for more than one year...) are legally protected, including one third and one quarter of housing and consumer NPEs... at 44.6 percent in 2016. It is noted that the NPE ratio for SMEs and very small firms stood at 40.1
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