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Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
EconomyProgrammeeuros between July and September, thereby meeting the goal set by the creditors. It was subsequently.... The government has previously suggested that the excess surplus would be around 1 billion euros and would be shared among 1 million households. The creditors, however, are keener for any extra funds
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Athens facing final steps in third review as next milestones identified
EconomyProgrammeMoscovici, who also set out the key milestones for the months ahead. Greece’s lenders are looking..., with another 1 billion to follow subject to e-auctions and the reduction of arrears progressing. During his visit, Moscovici reportedly set out a roadmap for Greece that runs from the conclusion of the review
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The gruelling final straight of Greece's bailout
Agorafor this view to change. So, if we set aside the credit line debate, we can concentrate on what needs... – will it be a set schedule of interventions or will they be linked to specific policies or conditions? The latter... for incomes (worth an amount equal to 1 percent of GDP) has to be implemented in 2019, rather than 2020
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Banks focus on defining challenge of reducing NPEs
EconomyBanking, totalling roughly 1 billion euros, which are collateralised. This would bring the total sales... to 10,000 euros, which will total roughly 1 billion euros, to be sold by October. The bank is expecting... and price that Piraeus’s Ameoba sale will receive. Auctions Domestic lenders have also set themselves
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Newsletter 163 -25/05/2018
Strategy, which foresees primary surpluses of 3.5 percent until 2022 and pension cuts worth 1... January 1. They will help about 500,000 families cover their rent or mortgage. It is expected... on Monday and debated in Parliament on Wednesday. The aim of the plan, which is set out over 106
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Newsletter 169 -06/07/2018
to the constitution set out in the agreement he signed with Tsipras last month. Ideally, the coalition... of not having to implement the cuts, which aim to reduce pension spending by 1 percent of GDP, might... on the fronts of a smooth market exit and continuity in the reform effort. The set of debt relief measures
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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek Politicsis set to announce a package of measures designed to bring relief to taxpayers that will be worth...-measures that Athens had agreed with the lenders in return for implementing the 1 percent of GDP... years. The government’s intention to set out relief measures for the next four years, rather than
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Newsletter 173 -07/09/2018
Leaders ready to unveil pledges Tsipras to set out economic policy measures in Thessaloniki..., Tsipras is set to announce a package of measures designed to bring relief to taxpayers that will be worth... the 1 percent of GDP reduction in pension spending from next year. Both the government
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Mixed picture for government after first day of talks with creditors
EconomyProgrammesources, the issue of calling off next year’s pension cuts was raised. The Greek side reportedly set out... and 2020, as had originally been the plan. When the government agreed to legislate in 2017 1 percent... to yield another 1 percent of GDP, in 2020, it did so on the proviso that it would be able to implement
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeit has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... the draft budget to Greek Parliament on October 1, and then to the European Commission two weeks later... in the wages that were set in 2016, which were set at 780 euros per month. There will be another
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