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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammeand growth-friendly, without needing to cut pensions.” The finance minister sketched out two of the four... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has... budget due to be tabled to the House on October 1 will still contain plans for the pensions to be cut.
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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... be cut,” said Finance Minister Euclid Tsakalotos in a TV interview on Tuesday. He claimed there are “very good chances” pensions will not be cut and that the compensatory measures will be implemented
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Tsipras prepares line-up for European elections as Mitsotakis tries to woo investors
PoliticsGreek Politicswith CNN, in which he again set out his goal of boosting Greece’s growth rate by attracting investment... tax rate to 20 percent over two years and to cut real estate tax by 30 percent over the same time... said. “That is why I am offering Greek business a very honest deal. I tell them ‘Look, I want to cut
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New Democracy tax pledges put spotlight on available fiscal space
EconomyProgrammelegislated an average 10 percent cut in the property levy, which would have led to 265 million euros less.... This means that the fall in revenues will burden the 2020 budget. It is estimated that the cut.... Ceilings on spending have already been set, at 45.2 billion for primary expenditure, 6.7 billion
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Vote on tax bill due this week as ND pushes for adoption of first three draft laws
PoliticsGreek Politicstax-cut pledges played a prominent role in the party’s campaign. The bill is due to be voted... 60,000 euros, compared to the threshold of 100,000 euros set by the legislation voted in under... interest cut from 5 to 3 percent, and the minimum monthly instalment lowered from 30 euros to 20 euros
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Despite ongoing budget talks, ND eyes more relief measures in coming months
PoliticsGreek Politicsadopted during the summer, such as the reduction of the ENFIA property tax, which was cut... of the ENFIA reduction pledged by the government, another 10 percent cut, could not be included in next year... from us,” he told the conservative lawmakers as he set out the government’s plans for the next 100
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Government opts for modest tax relief, but who will benefit?
EconomyFeaturesbirth rates. The figures are evidence that in government New Democracy has had to cut its coat... have also been cut by one percentage point, so that the top marginal tax rate is now 44 percent... of modest family outings, but not to buy a new TV set. However, the government will be hoping
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Losing game: Another doomed effort to revive Greek football?
Agora. Shifting the goalposts The lifeblood of the game is being cut off but few of those involved seem... in Greece was more at risk from angry fans than the absence of a clear set of rules for participants... decades. In 1988, supporters of Thessaly club Larissa took to the streets and cut off traffic
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EU funds seen as cushioning Covid-19 impact, giving govt fiscal space
PoliticsGreek Politicssecurity contributions this month, there could be a further 1 or 1.1 point cut in three months. Proto...-year term in 2023 is being speeded up so that there could be a 2-point cut by the end of this year... for a new set of policies that would be different to those he was elected to power on in 2019.
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PMI rises to 41.1 points in May but manufacturer pessimism persists
EconomyMacroeconomy. The decrease was the sharpest since February 2016. Output charges were cut at the second-fastest pace... to the coroanvirus also affected sales performance. Purchasing activity was cut back to a minimum by some firms... contraction in the second quarter, with 2020 also set to see a year-on-year decrease of 7.8 percent
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