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Newsletter 19 - 13/03/2015
63 percent of the total, compared to just 6 percent in January and zero in May 2014. The absolute... of 2.9 percent, which may be manageable for a few months but could have a more pronounced, negative
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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek PoliticsCommission, European Central Bank, European Stability Mechanism and IMF progress well, the ECB may... government can issue. The prospect of swift progress in the talks may be hampered, though, by the issue
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Greek gov't tables draft law on installments for unpaid taxes: Here's what's in it
EconomyMacroeconomythe collectability of public revenues. Tax arrears created until March 1 2015 may be included... of the single property tax (ENFIA). The set date for tax settlement is the end of May and tax debtors have
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Tsipras hopes to muddle through, avoid internal clash for now
PoliticsGreek Politicsby Dijsselbloem’s suggestion this week that Greece may soon have to impose capital controls, as Cyprus did... for remaining in the euro and compromising with creditors may make it easier for Tsipras to back down
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Greek austerity programme compromising some basic rights, EU Parliament report finds
Societyguaranteeing a basic pension of 360 euros a month, an amount that may be reduced if economic performance... of cases to the courts, the measures may have hindered “citizens’ right to access to justice, especially
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
EconomyIn an unexpected move on Friday evening, Fitch Ratings downgraded Greece’s long-term Issuer Default Ratings (IDRs) by three notches to ‘CCC’ from ‘B’. The scheduled rating review was on May 15... but their asset quality is weak and may deteriorate further within the year. Although it is not its expectation
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Parliament's bailout probe has potential to be politically toxic
PoliticsGreek Politicshas already objected to the fact that the investigation will only seek to cover the period from May.... For the coalition, the inquiry may prove a welcome distraction for domestic media and public opinion
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Much ground to cover as Greece, lenders prepare to resume talks
PoliticsGreek Politicsnot rule out the possibility of an extra Eurogroup being held between April 24 and May 11 to examine... the possibility of a deal even being reached by May 11. While the Greek government says it is hopeful
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New unpaid taxes rising steadily, reach 3.5 bln in Q1
EconomyMacroeconomybelow the 1-billion mark since May 2014. The aggregate figures for the first quarter (Q1) of 2015... million. The regular process for tax settlement, which runs until May, started one week ago. According
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Tsipras steps in amid concern deal with lenders slipping away
PoliticsGreek Politics, told the SYRIZA-affiliated newspaper Avgi that the coalition would need to reach a deal in early May... the conditions are in place for funding to be released following the next finance ministers’ gathering on May
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