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Criminal justice system deemed too weak to fight corruption
SocietyThe European Council’s analysis of the Greek criminal justice system has found that the current... regarding misdemeanours punishable with up to three years’ imprisonment. “This measure may further.... The report said that during their assessment, they were informed that the President has never been
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Water shortages a growing concern as government warns bills could increase
PoliticsGreek Politicsthere is a need to economise on the use of water, a measure which will require all of society to act together... has resulted in increasing constraints on journalism since 2019. The NGO Human Rights Watch lists... globally. The government has repeatedly rejected such claims, criticising the methodology used
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Tsipras tweaks message as chance of review compromise emerges
PoliticsGreek Politicsif it will apply immediately or from 2018. In return for passing this measure, Athens would be allowed... the compromise is the position of Finance Minister Euclid Tsakalotos, who has publicly said in the past... administration in such a compromise lies in the medium-term debt relief measures. It is not yet clear
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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammeeuros that Greece has paid so far in 2015 for external debt obligations from its own sources. This suggests that the amount required from the ESM stands at 53.5 billion The measures put forward by Athens... with targeted fiscally neutral measure. The new VAT rates on hotels and restaurants will be implemented
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Mixed picture for government after first day of talks with creditors
EconomyProgrammeits position that the measure is not necessary in fiscal terms because the 3.5 percent of GDP primary... aspect of the pension reductions, which is a point that the International Monetary Fund has... the compensatory measures it agreed with the lenders over four years, rather then implement them in 2019
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Opening the electricity market and possible introduction of "Small PPC" as part of bailout review
Legalof the "Small PPC" scenario or at least to indicate it clearly as an alternative measure in the event... Ministry has agreed to proceed to adjustments of the tendered quantities by increasing or reducing them...Greece will be required to explicitly commit to ''alternative structural measures
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Despite snags, coalition expects multi-bill approval before Eurogroup
PoliticsGreek Politicsthe restructuring of non-performing loans via the out-of-court workout. The management of NPLs has... the measure itself unconstitutional. Either way, it does not seem that the court’s intervention will hold.... Athens is desperate to get the measures passed before the May 22 Eurogroup so the creditors do
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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingas an additional measure alongside the electronic auctions of repossessed properties, which are set to begin... to grant new loans at lower rates, thus minimising the credit risk that has left funding stagnant...Greek banks will be able to bolster their protective measures against the large number of non
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
EconomyMacroeconomyafter the government indicated its intention to replace the 2019 pre-legislated measure on pensions... are the downside risks. Greece has built a solid fiscal record over the last few years and performance... as planned, in a fiscally neutral way by adopting counter measures in social spending and public
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Fiscal issues dominate talks as fourth post-programme review ensues
EconomyProgrammemeasures, but it does not seem that the Greek authorities are willing to consider the measure... areas that require the sign off from the country’s lenders. The finance ministry has estimated that roughly 1.2 billion euros of fiscal space will be required to accommodate tax relief measures
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