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New Democracy suffers ratings blow as farming payments scandal unfolds
PoliticsGreek Politicsgains, taking it to 7.8 pct from 7 pct in June, while SYRIZA is at 6.6 pct. Nativist Voice of Reason has... Tsipras and Antonis Samaras could attract up to 18 pct and 7 pct respectively. Perceptions of Corruption
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European Commission review of Greek programme: The key points
EconomyProgrammeof the next sub-tranche of 1 billion (due in June) include six prior actions, namely: 1) adoption of outdoor... to be completed by the end of June (for the disbursement of the 3rd sub-tranche of 1 billion in July): 1) adoption of the necessary legislation to merge all the supplementary pension funds
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With prior actions pending, PASOK showing signs of adjustment fatigue
PoliticsGreek Politicshad to complete six tasks to receive the June instalment of 1 billion euros and another six to get 1.... The first set of prior actions are: 1) adoption of outdoor trade law 2) adoption of investment.... The second set consists of: 1) adoption of the necessary legislation to merge all
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A snapshot of Greek banks' ABS as ECB readies for next move
Economybillion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly... by Alpha and Eurobank at 3.6-3.7 billion, while Piraeus figure stands slightly above 1 billion... as collateral of uncovered government-guaranteed bank bonds as of March 1, 2015. These guarantees amounted
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Greek travel receipts rise 9.1 pct in January as surplus doubles
EconomyMacroeconomyGreece's travel receipts rose by 9.1 percent in January, after a modest increase of 1 percent..., up by 1 million compared to the 2014 figure, and direct tourism revenues above the 2014 level... Chairman Andreas Andreadis recently said that the euro’s drop against the US dollar to almost a 1:1
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politics(roughly 1 percent of GDP) to pensions and another 1.8 billion euros per year to be raised from increases... a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes
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Greece and creditors try to untangle pension complications
EconomyProgrammeParliament on July 15 included the following pension-related interventions: 1) Health contributions...) for supplementary pensions retrospectively as of July 1. This means that pre-tax pensions... 1, 2015. 3) As of January 1, 2016 the state’s guaranteed social security contributions to main
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Greece and creditors eye compromise to move review along
PoliticsGreek Politicsof measures (1 percent of GDP from pensions, 1 percent from direct taxes and 1 percent... of the measures, particularly the 1 percent of GDP in extra fiscal interventions, and doubts... should resist demands from the IMF for the 1 percent of GDP in supplementary measures (which
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EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus
EconomyProgrammetarget of 3.5 percent by 2018 that would be covered by: 1) A holistic pension reform yielding savings of 1 percent of GDP and would also compensate for the Council of State decision ruling... tax reform (1 percent of GDP), including a lowering of the tax-free threshold to 8,182 (compared
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Newsletter 70 - 15/04/2016
of 3.5 percent in 2018 that would be covered by interventions in the pension system (1 percent), personal income tax (1 percent) and a series of parametric measures (1.2 percent). The draft IMF... pension reform (1 percent) and personal income tax (1 percent) as well as from VAT reform and the wage
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