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Greece seeks EU help on refugees after Schengen threat but big challenges remain
PoliticsForeign Policythree actions to satisfy EU demands: 1) It activated the European Union Civil Protection Mechanism
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Privatisation of power transmission firm ADMIE a key challenge among prior actions
EconomyProgrammeThe privatisation of the electricity transmission company (ADMIE) is one of the thirteen prior actions Greece has to implement by December 11 to unlock the next sub-tranche of 1 billion. According to the third memorandum of understanding (MoU) signed with eurozone partners in mid-August, the Greek
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Greek teachers low paid, but work shorter hours in smaller classes
Society’s primary teachers are aged 50 and over while less than 1 percent are under 30. Only Italy had
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Industrial production back on downward trajectory with 1.9 pct drop in Oct
EconomyMacroeconomy) and intermediate goods (-1 percent). Consumer non-durables was the only grouping displaying a marginal rise
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Greece and lenders seen inching towards deal on ADMIE
EconomyProgrammeThe Greek government and the institutions have reportedly reached an initial agreement on the privatisation of the electricity transmission company (ADMIE), which is one of the 13 milestones Greece has to implement to receive the next sub-tranche of 1 billion. According to government sources cited
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Building activity down by 3.5 pct in Sept for third straight fall
EconomyMacroeconomypercent in 2015, 5 percent and 1 percent in 2017 under the baseline stress test scenario. Housing
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Gov't hopes deal with lenders on prior actions will prove politically palatable
PoliticsGreek PoliticsGreece and its lenders have reached an agreement on the details of the 13 prior actions the government will have to pass to trigger the release of another 1 billion euros in bailout funds. There was a compromise between the coalition and the institutions on the most politically sensitive issues
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Multi-bill tabled in Parliament, paves way for sale of NPLs
EconomyProgrammeThe government tabled in Parliament on Saturday evening the multi-bill containing the prior actions demanded by the institutions for the disbursement of the next sub-tranche of 1 billion euros. The draft legislation does not include the privatisation of the electricity transmission company ADMIE
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Deflated SYRIZA shuns broader political cooperation for now
PoliticsGreek Politicsinstalment of 1 billion euros. Given that the talks had concluded and sensitive issues such as pension
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Marked rise in expenditure leads to a budget primary deficit in Nov
Economyfar this year, and stands almost 1 billion above the monthly target. As a result, the year to date
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