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Greece, lenders inch forward after talks on settlement of tax and bank debt
EconomyProgrammeDiscussions between the Greek ministers and the institutions’ mission chiefs continued on Wednesday... be written-off. According to Economy Ministry sources, one or two meetings of the technical delegations may... have. Greek officials also argued that all creditors, namely banks, state and social security funds
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Greece worst-performer in EU 28 for social justice
SocietyGreeks employed in 2015, the lowest rate in the 28-country sample, Greece falls “dauntingly far off... a permanent placement. Likewise, young Greek workers face an uncertain future. The unemployment rate... Greek family, often including family members over three generations who pool resources, has served
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Tsipras and Mitsotakis speak to their MPs but address wider audience
PoliticsGreek Politicsemploy more on the upswing and you lay off more in the downswing; the average level of employment... issue in the talks between Greek government officials and the mission chiefs in Athens over the past... alone would not be enough to save the Greek economy. He also pointed out the growing challenges facing
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Bank of Greece reveals lenders' NPE challenge and sets out path to recovery
EconomyMacroeconomyoff-balance sheet items, the June figure stands at 106.9 billion euros, corresponding to 50.5 percent of exposures. The report notes that Greek banks submitted to the ECB’s Single Supervisory..., the report reveals that Greek banks have committed to reduce their NPEs by 37.6 percent from 106.9
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Athens settles pension handout row, looks for review progress
EconomyProgramme” for the implementation of short-term debt relief measures after Greek Finance Minister Euclid Tsakalotos sent... and the distribution of any excess. The debt relief measures were put on hold after Greek Prime Minister Alexis... that the handout to pensioners is one-off and the government does not have any intention of making
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Survey highlights strain on mental health in Greece amid financial pressure
SocietyJust over a third of the Greek population spends about three-quarters of their income on paying off bills and debts, while a further 15 percent spend almost all their income on the same expenses... with pollsters GPO, analyses the subjective health status of the Greek population. The findings were
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Tsipras facing more media intervention claims after changes at newspaper
PoliticsGreek Politicsof the firm passed to Christos Lambrakis – a legendary figure in the Greek media – in 1957... that they will not face prosecution in the future for writing off part of the money owed by the media... that Tsipras called this week for the parties to reach a consensus on the way forward for the Greek media
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Gucci and Greece’s lost photo opportunity
EconomyFeaturesRecently, the Greek authorities were approached by fashion house Gucci for permission to hold... to make them look like the Greek capital, leaving behind furious fans, millions of euros in lost revenue... including musical scenes shot in the Swiss Alps in his movies. The trend took off, and soon any Indian
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Key obstacles remain in bailout negotiations for pressured govt
PoliticsGreek Politicsof GDP), for the Greek side to be able to adopt some of the fiscal counter-measures it has identified..., it should also be considered that the Greek government has every interest to talk up the progress... of the institutions was put off, though. The latest GDP figures, which showed that the economy remained flat
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EC lowers growth forecasts, sees fiscal targets within reach
EconomyMacroeconomyThe recovery of the Greek economy is expected to restart this year, largely on the back... in investments is dampened by the constraints Greek banks face in financing investments. Services’ exports... in underlying tax bases and a number of one-off factors related to clearing previous years’ tax
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