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Newsletter 96 - 18/11/2016
on privatisations, labour market reforms and an out-of-court mechanism for overindebted companies
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Tsakalotos states case for debt relief as New Democracy sharpens up
PoliticsGreek Politics, that the Greek labour market does not need further liberalisation. The government continues to argue
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Greece and lenders make headway on review but labour reforms remain biggest obstacle
EconomyProgrammein the framework of layoffs for trade unionists as well as for calling strikes. Fiscal Unlike labour market
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Budget for 2017 sees primary surplus at 2 pct on 2.6 bln fiscal measures, strong growth
EconomyMacroeconomyto be implemented until the end of 2018 and largely relate to hedging a considerable part of current debt’s market
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Second round of review talks concludes without breakthrough on labour reforms
EconomyProgrammefor 2018, energy and out-of-court workout. Labour market reforms, though were the most difficult matter
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Travel receipts rebound 2.3 pct in September, 9-month figure still points to a decline of 5.5 pct
EconomyMacroeconomyvolume growth, market sources suggest that travel receipts will end up lower in 2016 from last year’s
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Tsipras and Mitsotakis speak to their MPs but address wider audience
PoliticsGreek Politicsthis impasse is immediately visible. Tsipras argued that Greece’s labour market was already
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyThe Greek market posted deposit inflows of 1.02 billion euros in October after outflows of 379 million in September, Bank of Greece (BoG) figures showed on Monday. As a result, deposit balances rose to 124.63 billion at the end of October. This is the highest they have been since May 2015
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Tsakalotos sticks to guns as review compromise remains elusive
PoliticsGreek Politicsmarket that is outside the “European framework.” Apparently in combative mood, Tsakalotos also suggested
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyentered the crisis, NPEs in the domestic market stood at 14.5 billion euros, corresponding to 5.5 percent
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