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IMF argues case for further reform of pension system
EconomyProgrammeOne of the issues discussed in a recent International Monetary Fund paper deals with the Greek pension system and notes that the most recent reform goes in the right direction since it removes some... of contributions, while only one quarter involved applications made after 35 years of contributions
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Newsletter 106 - 10/02/2017
Minister Jeroen Dijsselbloem criticised the IMF’s assessment of Greece one day and then told Dutch... 2009. As a result, Greek banks’ operating expenses have been slashed by around one third, from 8.63
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Athens in search of counter-measures to secure MPs' support for potential deal
PoliticsGreek Politicsregarding a possible rebellion from the nine Independent Greeks MPs. One SYRIZA MP, Nikos Manios, stated.... The shape of the final agreement, if there is to be one, may depend on the view that the institutions
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Eurogroup agrees return of mission to Athens but key issues unresolved
PoliticsGreek Politicson ensuring that any citizens affected by one measure would benefit from another. The idea... that the volume of measures would be one of the issues that will be examined by the technical teams
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also... study revealed that one is six companies on average was deemed to be a strategic defaulter during
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Newsletter 108 - 24/02/2017
on the adoption of European best practices in Greece. Changing labour legislation is just one of the sensitive... bill on the out-of-court workout, which is one of the key deliverables in the context of the second
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First day of talks highlights distance that needs to be covered
EconomyProgramme, Economy, Labour and Energy ministers. Although the most important meeting was the fourth one...) has not been tabled yet. One report suggests that the institutions believe they will probably have
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Revenues beat target by 3.9 pct in Feb, remain above target for year
EconomyMacroeconomyin February amounted to 331 million euros, 83 million or one-third higher than target. As a result, net... estimates in the coming years. Although a part of this overperformance is related to certain one-off
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicssince) by 1 percent of GDP in one go from 2020. This seems to be the proposal from the lenders... and leaving just one or two issues that will still have to be settled after the Eurogroup.
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Out-of-court workout bill prepared amid apparent concern from banks
EconomyProgrammeexpenses for one year over the last three years. The debt settlement could involve a number of debt relief... defaulters. It is worth noting that a recent Bank of Greece (BoG) study revealed that one in six companies
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