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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politicsthis week and even though the upcoming review is set to be less stressful than previous ones... will have higher growth rates than initially thought. He added that the government has already made... imposed by the Katrougalos law in 2016 on anyone earning more than 1,300 euros per month from
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyinvestment spending appear higher at state budget level than it was. In a statement accompanying... that the Public Investment Budget (PIB) execution last year was better than 2018 because in the previous... general government spending on investments was 3.69 billion euros, which was 800 million euros more than
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Newsletter 236 -24/01/2020
categories of pensioners who have more than 30 insured years of work. Another sensitive topic that reflects... the crisis. The banks are calling for more than 2 billion euros of state guarantees, otherwise... at the end of April and despite more than 40,000 people having started the process, according
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeand backpay for some categories of pensioners who have more than 30 insured years of work. Another... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state... residences. The current scheme is due to expire at the end of April and despite more than 40,000 people
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... Bank of Greece also said in January that it plans to leverage the Hercules mechanism for more than... after achieving this Stournaras noted that the NPL ratio in Greece will be five times higher than
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicsof ANFA and SMP profits for investment rather than just debt servicing and Beyond that, there are two... than banks because they are not weighed down by the lenders’ capital concerns. Minimum wage Another... the minimum wage by 11 pct, more than the panel of experts and the institutions advised, to 650
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Unemployment continues decrease in Nov, falling to 16.5 pct
EconomyMacroeconomythan hirings. Compared to the same month last year, there were 9,636 fewer people hired than fired... balance showed 127,644 more hirings than departures. The respective balance for the same period last
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Government braces for reaction to pension bill
PoliticsGreek Politicsto the pension system since the crisis began more than a decade ago that would lead to retirement pay rising (at least in some cases) rather than being reduced. This message has fizzled out over the past few... would also have to pay up to 20 percent more than under the Katrougalos law, which linked the level
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Gathering signs of coronavirus impact on growth expectations
Economyby 2.54 percent this year under the baseline scenario, lower than the government’s projection of 2.8... by 2.2 percent this year against a baseline of 2.5 percent, which as mentioned is already lower than... to 1.9 percent in 2020, almost a full percentage point lower than the government’s estimate. This could
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Newsletter 242 -06/03/2020
that it expects Greece’s economy to grow by 2.54 percent this year under the baseline scenario, lower than... as mentioned is already lower than the government’s forecast of 2.8 percent. Under the second adverse scenario, GDP growth could come to 1.9 percent in 2020, almost a full percentage point lower than
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