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  1. World Bank sets out savings Greece can make from streamlining welfare benefits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    The funding of the guaranteed minimum income (GMI) emerged as one of the most contentious issues in the first round of discussions on the second programme review between the Greek government and the institutions’ mission chiefs. One of the prior actions of the second review involves the launch

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  2. Houliarakis provides clearest view so far on Athens's debt relief expectations
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    one year. The basic European Stability Mechanism (ESM) scenario, without any debt relief measures... narrow tax base, will have to be addressed. This is one of the most balanced statements on the debt

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  3. OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    , which currently foresees only one market in Athens, Thessaloniki and Patra, is outdated and should... more flexible to allow for the establishment of more than one economic unit within the same

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  4. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    Eurobank posted an improvement in net profits to 85.4 million in the third quarter (Q3) of 2016 from 46.2 million in the previous quarter. Q3 bottom-line results include a one-off gain of 55 million... 2017 with 2-3 large corporate NPLs. According to market sources, another one Greek bank (Piraeus

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  5. Greece, lenders inch forward after talks on settlement of tax and bank debt
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    be written-off. According to Economy Ministry sources, one or two meetings of the technical delegations may... the imposition of the single property tax (ENFIA) in four areas of the country (three in Attica and one

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  6. Presidential shuttle diplomacy between Athens and Berlin
    Photo Panayiotis Tzamaros/Fosphotos

    Agora

    government in Athens. For one, that Prime Minister Alexis Tsipras clearly articulates Greece’s ownership... of such a road map must take into consideration that debt relief is not a one-size-fits-all measure

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  7. NBG turns profitable in Q3, NPE stock drops further by 1 billion
    Photo by MacroPolis

    EconomyBanking

    National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one... 6.1 billion in Q2 to 4.5 billion in November and remains at one-third of the other core Greek banks

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  8. Out-of-court settlement: An important tool to regulate debts to banks and public sector
    Photo by Panayiotis Tzamaros/Fosphotos

    Legal

    by the majority of the company's creditors (meaning at least 60 percent), the case will be assigned to one... and freelancers) not falling within the ambit of its application. M&A (www.metaxaslaw.gr) is one

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  9. Pieces of review puzzle yet to fall into place ahead of Eurogroup
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    issues. One of the main obstacles is the labour market reforms, where a political, rather than... in 2018 is the key area of dispute between the government and the IMF on one hand and the European

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  10. New poll hurts coalition's recovery hopes as Turkey threat grows
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    increased two points since last month to 32 percent, while SYRIZA rose by one point to 16. The survey... with the government. Although these figures are between one and two percentage points better than last month

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