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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek PoliticsCommission sources suggested to the media that the two sides still have differences over 2 billion euros... advertisements (100 million). The Greek government sent at a later stage a revised proposal raising... demanding a primary surplus of 1 percent for 2015 and 2 percent for 2016. On the pension front
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammetargets for the next years: at 1 percent of GDP for 2015 (from 3 percent), 2 percent in 2016 (from 4.5 percent) and at 3 percent for 2016 and beyond (from 4.5 percent). 2) Lower privatization proceeds... remain above 100 percent of GDP for the next three decades. Doubling the maturity and grace period
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Draft bill sees millions in savings and revenues from variety of bailout interventions
EconomyProgramme. 2) The rise in the advance payment of tax for farmers (from 27.5 percent to 55 percent) and self-employed (from 55 percent for 2014 income to 75 percent for 2016 income and to 100 percent for 2016... basis from the abolition of certain taxes and contributions. 5) The abolition of the 2 percent
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European Commission evaluates impact of bailout programme
EconomyProgrammeage of 67 years. 2) Increasing health contributions for pensions to 6 percent (from 4 percent... a closer link between contributions and benefits. 2) Broaden and modernise the contribution and pension... percent as of 2016 and the increase in the advance payment for corporate income from 75 to 100 percent
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Newsletter 45 - 02/10/2015
indicate that it may be split in two subtranches of 2 and 1 billion, respectively, meaning that two... Sentiment in September saw the biggest rise in 13 years. 2 Not a winter for ineptness Country must... and the European Commission will propose spending another 100 million euros before the end of the year
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Greece fell two places to 60th in Doing Business ranking, World Bank says
EconomyGreece’s position in ‘Ease of doing business’ ranking deteriorated by 2 spots, World Bank 2016.... A DTF score of 0 represents the worst performance and 100 the frontier. Last year’s data and ranking... in Paying Taxes (66th) and by 2 spots in Resolving Insolvency (54th). In the ten topics measured
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Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
EconomyBankingbank bonds. The offer relates to 532 million senior bonds, 267 million Tier 2 securities and 78..., Eurobank’s LME does not include a cash consideration option, but only a share exchange at 100 percent of nominal value for senior securities, at 80 percent for Tier 2 and at 50 percent for Tier 1
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The key points in Greece's new bank recap bill
Economyof Greece (BoG) following the submission of an updated restructuring plan. 2) The updated... to boost capital by 100 percent if capital needs are not fully covered. 3) In case the said capital... is allocated among preference shares and other Core Tier 1 (CET1) instruments, Tier 1 instruments, Tier 2
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgramme-tranche of 2 billion euros to Greece after the completion of the first set of milestones as well... in excess of 100 billion euros, with a rising trend. The new measures would involve amendments... of competition and prospects for investment. 2) Design of the New Organisation of Markets in Electricity (NOME
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeunconstitutional the pension cuts imposed in 2012. This is estimated up to 2 percent of GDP or 3.7 billion... Lottery Terminals (VLTs) with targeted revenues at 100 million. However, the VLT launch has been... main and supplementary pensions as well as lump-sums. The hidden fiscal gap is estimated in excess of 2
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