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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyA report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s... a significant problem when considering that Greece has the worst levels of collection for overdue debts..., to the point where Greece has the third highest level of insurance contributions among EU states. From
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Newsletter 164 -08/06/2018
in the third programme’s financial envelope to buy out the loans that the IMF has made to Greece. The failure to reach a deal has increased the chances of the Fund not activating its programme for Greece... future has raised some questions about how convincing Greece’s exit from the bailout
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Coalition plays down sub-tranche delay, opposition steps up pressure
PoliticsGreek PoliticsThe Greek government played down on Friday the news that the European Stability Mechanism (ESM) has... targets being met. An ESM spokesman revealed that there has been progress on electronic property auctions but that Athens has not yet provided data that shows the expected amount of state arrears
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Fallout from Macedonia name deal sparks turmoil for coalition and opposition
PoliticsGreek PoliticsNew Democracy’s decision to table a censure motion in Parliament has triggered significant... a no-confidence vote has to be held by midnight. The conservatives justified their move by arguing... Democracy has fuelled speculation that two deputies in Defence Minister Panos Kammenos’s party
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Fourth review nears conclusion, clearing path for debt relief agreement
EconomyProgrammewill not be completed by Thursday but that all sides will accept that the government has taken all... that the EFKA social security fund has at Attica Bank. According to reports, around 60 prior actions have been... of this surveillance has not yet been confirmed but the “enhanced supervision” should be in place for at least
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammecommitments Athens will have to keep to in the years to come. According to what has been published.... It also has to ensure that new state arrears are not created. The government has pledged to reduce.... In terms of social security and welfare, Athens has to complete the creation of the EFKA pension fund
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The tie that binds
Agora.) The frivolity of it all was a poke in the eye for anyone who has suffered over the last eight years Greece has been under its three adjustment programmes, or memorandums, and mired in one of the worst economic crises on record, but was in complete keeping with a government that has often approached
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Loss of MP upsets coalition plans to build on positive momentum
PoliticsGreek Politicsthe coalition has had a close relationship until recently. ANEL called on the lawmaker to prove... it to another candidate. So far, the deputy has indicated that he will continue as an independent... with New Democracy and the fact that she is from Serres in northern Greece, where there has been
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Economic sentiment at 102.5 in June as improvement in subindexes slows
EconomyMacroeconomyabove the 100-point mark. Greece’s economic sentiment reading has remained above 100 for all months... has risen by 8.3 points. Consumer confidence also registered a decline of 1.4 points to -52.4 points in June versus -51 points in May. Year-on-year, consumer confidence has improved by 16.4 points
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For better or worse: Greece's bailout exit deja vu
Agoraclaims lies ahead is a mirage. They point out that Greece has committed to very high primary surpluses, will be kept under close surveillance in the next couple of years, has pre-legislated pension cuts... 21, including the IMF and the European Commission, has argued that the goal of primary surpluses
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