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  1. EU-Turkey refugee agreement: A life saver or a dud?
    Photo by MacroPolis

    Agora

    rather than help them float. In some ways, the agreement the European Union made with Turkey in Brussels... of a cash boost to provide better conditions for more than 2.2 million refugees in Turkey may prove... process in which it will always lose much more than it can gain. European leaders have decided to court

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  2. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    that would acquire the NPL would do so at a price much lower than its nominal value. This means it could... if it is in arrears for more than 90 days. NPL sales are allowed only for large corporate loans... or guarantor should not deteriorate due to the sale or transfer of his NPL. If a borrower has more than

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  3. Current account turns to a surplus of 314 mln in Oct on contracting goods deficit

    EconomyMacroeconomy

    account surplus (by 295 million) more than offsetting a narrowing of the services surplus by 295... million last year. The breakdown shows that the drop in the goods deficit by more than a third mainly... attributed to a marked narrowing of the goods deficit by 4.38 billion more than offsetting a drop

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  4. Suspension of Eldorado's mine work deals blow to coalition's investment drive

    Economy

    of Energy and Environment delaying the issuance of the required permits and licenses for more than... than 300 million dollars invested so far, will be suspended. Activities at its underground mine... in 2011 and has created so far 2,000 jobs and invested a total of more than 700 million dollars

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  5. Unpaid social security contributions almost reach 15 bln

    Macroeconomy

    owing less than 15,000 euros each for an aggregate amount close to 1 billion (6.7 percent of total... percent of total). Meanwhile, 995 debtors (0.4 percent of total) owe more than 1 million each for a total... at the end of September. More than 90 percent of that stemmed from IKA debtors and 8.5 percent from OAEE

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  6. Where things stand on the Greek pension reform proposals
    Photo by MacroPolis

    EconomyProgramme

    pension is lower than that paid out, the difference will continue to be paid to the pensioner until... pensions for those with medium and high salaries and more than 15-20 working years. The self-employed... billion euros) in 2016. The government insists on increasing revenues rather than cutting cost (i.e.

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  7. Declared income falls 28.7 pct from 2011 to 2014, salaries and pensions suffer most

    Economy

    -earners and pensioners consistently make up more than three quarters of total declared net income... allocation for the self-employed shows more than half (58.3 percent) is concentrated in the low... is declared by 15.9 percent. This is more profound in farmers with more than half (54.8 percent

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  8. Pension reform a precarious battleground for Tsipras and Mitsotakis
    Photo by MacroPolis

    PoliticsGreek Politics

    minister. If it is seen as fairer than the government’s, Mitsotakis stands to gain but if voters regard it as being even tougher than the one on the table now and closer to what the quadriga of lenders... in power. He also urged the merging of pension funds into three organisations, rather than one

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  9. Unpaid social security contributions hit 15.35 bln at end of 2015

    Economy

    of debtors increased by 4,487 QoQ to 272,468 in Q4 with almost four in 10 owing less than 15,000... debtors owe more than 1 million euros each for an aggregate amount of 3.47 billion euros, corresponding to more than a fifth of total debt. The largest debt bracket involves those owing between 50

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  10. High unemployment, falling wages damaged sustainability of largest Greek pension fund
    Photo by MacroPolis

    EconomyMacroeconomy

    Employees insured with IKA, the largest main social security fund in Greece, lost more than 10... the amount of wages fell by 2.11 billion, albeit an increase in the number of insured by more than... that it expects the average salary to further slip in 2015 since more than half (55.5 percent) of gross

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