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  1. Lenders set out post-MoU framework with aim of securing reforms
    Photo via Flickr https://flic.kr/p/7sxCd6

    EconomyProgramme

    measure is estimated to be worth just over 200 million euros a year, while around 4 billion euros...) will develop a strategy by the end of this year to sell its holdings in Greece’s systemic banks... to the minimum wage from next year have to be in line with the agreed regulations, while the divestment

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  2. Income and living conditions survey shows persisting inequality
    Photo by Harry van Versendaal

    Society

    light on the economic conditions experienced by Greeks in the reference year 2016, including material.... Last year’s figure of 26.7 percent represented a survey high. Some 29.1 percent of the total... (46.6 percent) of the share of national income, a fall of 0.6 units year-on-year (YoY). The lowest

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  3. Newsletter 168 -29/06/2018

    Newsletters

    , with the target decreasing gradually by 0.5 percentage points per year to level off at 2.2 percent..., the Finance Ministry (MoF) final budget execution bulletin for May showed this way. Last year’s figure... 100 for all months in the year so far apart from March, when the figure dipped to 99.8. Compared

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  4. New overdue taxes rise by 610 mln in May, total stock remains above 100 bln for fourth month

    EconomyMacroeconomy

    for the first five months of the year showed that new tax debt totalled 4.76 billion, almost unchanged from the figure for the same time last year. There was an uptick in new unpaid obligations from... of the year, another 953 million in taxes went unpaid according to the latest data from the IAPR

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  5. Moscovici hints at possibility of shelving 2019 pension cuts, riles opposition
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    for next year. When questioned about this issue after a meeting with Greek Finance Minister Euclid... have to submitt their draft budgets for the following year to the European Commission for review... as it is due to be an election year. The coalition’s official position, as per statements made

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  6. If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study

    EconomyMacroeconomy

    a strong increase in EMP, the report notes that in the second year of capital controls, electronic payments began to decline. In the first year of capital controls, the number of card transactions increased by 147 percent and the value by 104 percent compared to the previous year. By the second half

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  7. Trade deficit down by 15.8 pct in May on reduced imports, higher exports
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    in the year so far. Export growth continued to lead the way for the reduction of the deficit. Exports in May increased by 14.4 percent year-on-year (YoY), against a rise in imports of 2.2 percent... figure for the first five months of the year pointed to a YoY fall of 15.2 percent in the trade

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  8. S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
    Photo by MacroPolis

    EconomyBanking

    year for Greece in terms of credit ratings upgrades. In January, S&P raised Greece’s long-term... lower than last year’s MTFS when the economic recovery was projected to accelerate with GDP up... this year and 2.6 percent next year. S&P anticipates growth of 2 percent this year.

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  9. Pension cuts dominate discussion as eurozone prepares to release final bailout tranche
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    , the discussion about next year’s pension cuts is continuing. The issue was addressed by a senior eurozone... to retirement pay due to be implemented next year. However, he admitted that “there is always flexibility... for the Greek government to abandon the 1 percent of GDP in pension cuts that were agreed last year

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  10. Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    on June 29. He said the measure would apply at least until the end of the year or as long as he... the commitment from the Greek authorities that the VAT rate will be raised at the end of the year, so it’s... longer than this year, while the intervention from Germany served as a reminder that Greece

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