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Greece submits proposals to lenders in hope of paving way for agreement
EconomyProgrammeto cover potential fiscal shortfalls: 1) Increase the tax rate on income for rents with additional revenues estimated at 200 million 2) Increase the corporate tax rate by an additional one percentage point
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Industrial production down by 4 pct in May after three successive rises
EconomyMacroeconomyAfter rising in the preceding three months, the Greek Industrial Production Index (IPI) fell by 4 percent in May following an upward revised 1 percent growth in April, according to the Hellenic... the seasonally adjusted IPI contracted 4.9 percent month on month (MoM) in May after a 2 percent MoM drop
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On the Greek crisis and German imbalances
Agorais that it was unable to foresee that 1) delays would have severely and adversely impacted the Greek economy, and 2) that this deterioration would have weakened its negotiating power as Prime Minister
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SYRIZA's left wing hoping to prevent Tsipras from concluding bailout talks
PoliticsGreek Politicsreasons: 1) He suggested the congress should be held after an agreement has been reached with the creditors. 2) An emergency congress would mean new delegates being elected rather than the ones who
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Tsipras lays down gauntlet to SYRIZA rebels, proposes September congress or members' vote
PoliticsGreek Politicsto achieve two things: 1) To delay any internal discussion or turbulence until after an agreement has been reached with lenders and 2) to allow new delegates to be elected to the meeting, which would give him
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammebillion euros from the new bailout to cover: 1) The redemption of the 3.2-billion-euro Greek government bonds held by the ECB that mature on August 20. 2) An initial amount of 10 billion euros
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Agreement on third bailout with revised fiscal and macro targets, host of prior actions
EconomyProgramme: 1) Gradual elimination of grandfathering to statutory retirement age and early retirement pathways... and mothers with children with disability) with immediate application. 2) Change in the interest rate
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Greek government commits to new fiscal measures for third bailout
EconomyMacroeconomyfor 2016-19. Among others, the latter will include: 1) The second phase of pension reforms 2) Reform
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European Commission's Greek DSA sees recession ahead, debt becoming unsustainable
EconomyProgrammeprevious forecasts - released on July 10 - of 2 to 4 percent. The long-term growth assumed... targets (-1 percent in 2015, 0 percent in 2016 and 1.5 percent in 2017). Based on these assumptions
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Newsletter 39 - 21/08/2015
on year (YoY), falling to 1 billion euros from 1.25 billion in 2014. The YoY deterioration mainly... is eighth straight monthly decline. 2 Stealing the show Lack of credible alternative explains voters
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