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Athens adjusts foreclosure framework, waits for lenders to give green light
EconomyProgrammeThe Greek government is hoping to table in Parliament early next week the new bill for the protection of primary residences from foreclosures after another round of talks with local bankers on Thursday. Reports on Friday suggested that several issues we...
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankingFinance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile o...
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Can Greece learn to love renewable energy?
EconomyFeaturesto an estimated 8.1 million jobs (direct and indirect).[1] Driving past the wind turbines in the Greek... for the green power they generate.[8] Furthermore, Greece has invested heavily in wind turbines. The country’s... and short term economic outlook that would be a welcome buffer. [1] http://www.ren21.net/wp-content
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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek Politicsbe released. A meeting of the ESM’s board of governors on Wednesday did not result in the green light... that the second payment would "be made after 1 September 2017 subject to Greece making significant... Panos Kammenos’s intervention in the Noor 1 drug smuggling case and comments made by Finance Ministry
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Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
EconomyProgrammeto consider the release of the remaining 800 million euros. The sense in Athens is that a green light.... The government has previously suggested that the excess surplus would be around 1 billion euros and would be shared among 1 million households. The creditors, however, are keener for any extra funds
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Athens facing final steps in third review as next milestones identified
EconomyProgramme, with another 1 billion to follow subject to e-auctions and the reduction of arrears progressing. During his... with binding targets for employment, growth and fiscal discipline. If eurozone finance ministers give the green... the introduction of e-auctions for debts to the state from May 1, the divestment of lignite units followed
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Fourth review begins, with Athens and creditors also focussing on post-MoU era
EconomyProgrammethat the creditors will give the green light in the coming days so that the review can be put to bed... of the second review: 1 percent of GDP in pension cuts in 2019 and 1 percent of GDP to be raised from
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Newsletter 153 -2/03/2018
of the fiscal measures that were agreed as part of the second review: 1 percent of GDP in pension cuts in 2019 and 1 percent of GDP to be raised from reducing the tax-free threshold for incomes in 2020.... The last Eurogroup did not give the green light for the release of the funds as two prior actions
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Doubts about whether package deal with lenders is feasible by June
EconomyProgramme, that the green light has been given for the next tranche of 6.7 billion euros. Initially, 5.7 billion euros will be released on Wednesday, with another 1 billion to follow for arrears clearance after May 1, dependent on progress in reducing the stock of state arrears and improving the effectiveness
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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammealso had to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos... clarified that the green light will not come at this Friday’s meeting of the ESM’s board of directors. “I... to reduce pension spending by 1 percent of GDP or whether it will be able to avoid the cuts, a number
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