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Athens settles pension handout row, looks for review progress
EconomyProgrammechanges to the pension reform agreed with the eurozone institutions and voted by the Parliament in May..., the authorities may - in agreement with the institutions - consider the use of the available fiscal space.... The EWG will also take stock of the progress in negotiations on the second review and may also decide
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Athens holds back proposal details ahead of Thursday's Eurogroup
PoliticsGreek Politicsof the Eurogroup may reflect concerns in Athens about revealing the Greek hand too early, especially..., it may also be due to concerns about fuelling a four-day domestic debate about potential measures before... the government about the concessions it may have to make in order to reach an agreement with the creditors
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgramme, while fiscal multipliers may have been underestimated. As a result, the initial fiscal objectives...) with pension expenses rising significantly relative to GDP. In addition, VAT rate hikes may have... may have undermined the growth potential of the taxpaying corporations. Meanwhile, tax evasion
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgrammealso notes that the downturn may have also incentivised tax evasion, while taxpayers under economic strains may have perceived that the downside risks of tax evasion (such as fines and penalties) could be smaller than the potential gains such as avoiding bankruptcy. In addition, taxpayers may have
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Newsletter 106 - 10/02/2017
probably be dead in the water and may run the Potential compromise could see Athens agreeing to legislate... on the table until it is clear what it may get in return. The government does not want to accept upfront... would like but it may be persuaded to move ahead if it gets something in return. Debt relief
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Tsipras's choices are becoming clearer but not any easier
Agora-oriented approach seems pure fantasy. The lenders may be able to communicate on the same wavelength... elections in the eurozone’s paymaster. They may be holding out hope for a political sea change... least, Finance Minister Wolfgang Schaeuble’s days in government may be numbered if the social
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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek Politicsmeasures will kick in from 2018 onwards and that they may not be detailed before the German... that such a document exists or any suggestion that it may steer the discussion in a certain direction... confident that he has the necessary support within his government to raise this issue. This may change
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign Policyin February 2018 and that the political cost of reaching an agreement with Akinci may be too great... and political observers believe Akinci may be trying to buy time ahead of the April referendum on constitutional changes in Turkey. The Turkish Cypriot side may hope that Turkey's President Recep
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeeuros from 8,636 currently) may be implemented as of 2019 with pension cuts following in 2020... sources noted the volume of measures demanded by the IMF may lowered since its estimates only included... surplus may have topped 3 percent of GDP in 2016, way above the programme target of 0.5 percent of GDP
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Newsletter 109 - 03/03/2017
progress in the talks between Greece and the institutions, which resumed in Athens on Tuesday, may.... For instance, pensioners may see their incomes drop but, at the same time, the cost of their medicines may be reduced. Achieving this balance is the only chance Tsipras has of ensuring that his MPs back
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