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Outline deal clinched at Eurogroup, focus now moves to Athens
PoliticsGreek Politicsbeen settled and that there is an agreement in place for 1 percent of GDP in measures, coming mainly from reductions to pension spending, being implemented in 2019 and another 1 percent of GDP
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Greece sees highest tax wedge increase among OECD countries in 2016
EconomyThe tax wedge in Greece remained above the OECD average in 2016, when it increased by more than 1 percentage point (pp), which was the highest rise among the 35 OECD countries, the OECD Taxing Wages... by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period
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With review set to resume, Tsipras looks for post-deal strategy
PoliticsGreek Politicsthrough the voting of the new fiscal measures (1 percent of GDP in pension cuts and 1 percent of GDP
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Fiscal surplus back in focus ahead of IMF debt discussions
PoliticsGreek Politicsof the extra fiscal measures lined up for 2019 and 2020 (1 percent of GDP in pension cuts and 1
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Travel receipts fall by another 3.1 pct in Feb on lower spending
EconomyMacroeconomyreceipts from the EU edged up 1 percent to 168 million, while those from non-EU countries fell... to 26 million in 2017. In addition, travel receipts are estimated to increase by at least 1 billion
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Athens and creditors get down to details in final stretch of review
EconomyProgrammean increase in spending of 1 percent of GDP in 2019 and tax reductions of 1 percent of GDP in 2020
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Coalition MPs gear up for busy period in Parliament
PoliticsGreek Politicsthe relevant legislation will begin immediately. The government’s aim is to vote on the measures, including 1 percent of GDP in pension cuts and another 1 percent from the reduction of the tax-free threshold
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Central government debt edges up to 326.5 billion in Q1
EconomyMacroeconomy, while short-term (up to 1 year) and medium-term (1 to 5 years) debt accounted for 11.9 and 8.9
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingformation stood at -15 and -1 million respectively. The NPE and the NPL coverage ratios remained unchanged... million in the Greek market. The Common Equity Tier 1 (CET1) ratio edged up by 10 bps to 17.2 percent
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Newsletter 122 - 09/06/2017
services turnover index rose for the third successive quarter, albeit at a slower pace of 1 percent... by 1.2 million to 26 million in 2017, while travel receipts are projected to rise by at least 1 billion
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