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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeto return to Athens in early May to start preparing for the completion of the fourth review. The initial date proposed for staff-level agreement to be reached (SLA) was the Eurogroup meeting on May 24... on time) by May or June, the institutions also have to reach an agreement on a range of issues
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Lower yields for short- and long-term borrowing boost Athens
EconomyMacroeconomyThere was a promising start to May for Greece’s debt management agency (PDMA) as interest in its T-Bills rose and borrowing costs dropped in the two issues it auctioned successfully on May 2 and May... ground since. The yield was at 4.09 percent on May 10. Before the programme is completed in August
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Debt relief options pondered as institutions prepare for Athens return
EconomyProgramme, will be on the fourth review but discussions are continuing in the background on what debt relief measures may... confirmed that the creditors are due back in Athens on May 14. It is expected that their visit will last.... Either way, there is much for Athens to do between now and the May 24 Eurogroup, when Greece and its
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What GDPR compliance means for businesses and consumers
LegalMay 25, 2018 marked the first day of enforcement for Europe’s Regulation (EU) 2016/679.... To conclude, the GDPR’s effectiveness will be assessed following its implementation on May 25... jurisdictions outside the EU may well follow suit, which could spell even bigger changes for the digital
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Employment balance records 33,620 more hirings than departures in June
EconomyMacroeconomyof a positive employment balance in the Greek job market, albeit slowing from May’s record high... this threshold in May, and stood at 45.1 percent of total hirings. In recent months, part-time... percent in June from 55.4 percent in May. The share of departures fell to 51.4 percent from 58.8
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Government indicates readiness to play waiting game on pension cuts
PoliticsGreek Politicsto be submitted to Parliament on October 1 but the lenders may wait until their first post-programme... definitive move on the pension cuts. This means a decision may not be issued before November. Given that elections are expected by next May at the latest, the government wants to do all it can to avoid
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Budget primary surplus confirmed at 635 mln in June on lower spending
EconomyMacroeconomyshowed a deficit of 1.49 billion compared to a deficit of 958 million in May. Revenues Monthly gross revenues rose by 1.6 percent year-on-year (YoY) to 3.75 billion, up from May’s figure of 3.34... was confirmed at 4.28 billion for the month of June, higher than the figure of 3.43 billion in May
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Fire fallout casts doubt on Tsipras’s post-MoU strategy
PoliticsGreek Politicsis approaching 100, may affect Prime Minister Alexis Tsipras’s strategy for the last stretch of the current... and local votes in late May. The most likely option is for the government to stick to its original... of the Mati disaster will still be fresh. It has been rumoured that Tsipras may conduct a cabinet
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Unemployment at 19.1 pct in June, under 20 pct for second month
EconomyMacroeconomyrevised rate of 19.3 percent in May, the Hellenic Statistical Authority’s (ELSTAT) data showed... consecutive month that unemployment has remained under 20 percent. Before May’s figure, the last time... to improve. In June, there were 12,624 fewer unemployed compared to May, a fall of 1.4 percent. Against
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Newsletter 174 -14/09/2018
involved argued that while some mistakes may have been made, the response from authorities was correct... and European Parliament) in May, or a vote any sooner. Earlier, his coalition partner Defence Minister Panos... kind of velvet divorce being agreed with ANEL. This is why May is seen as the most likely date
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