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Eurogroup sheds little light on how Greek review will progress
EconomyProgrammeprogramme because it has been involved since the start and has the necessary technical expertise... not indicate what form these measures would have to take (e.g. upfront or contingent legislation... measures his organisation is implementing would not be enough for the IMF to consider Greece’s debt
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammethe state budget. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt..., the Fund has noted that despite the targeted savings of 1.5 percent of GDP by 2018, the pension reform... on the technical details of the fiscal issues such as the necessity for adopting measures worth 2
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Tsipras clears with relative ease first domestic hurdle to getting deal approved
PoliticsGreek Politicsalso serves two other key purposes. Firstly, it helps Tsipras argue that the deal has broad support... the debt issue has been settled. Having cleared the first domestic hurdle, Tsipras will now turn his...), but it also gives MPs who are concerned about voting for the measures some cover. Sunday’s result
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Capital controls to ease further from the beginning of September
EconomyMacroeconomya period of high political and economic uncertainty. The government has since been making plans... have been useful in encouraging the use of electronic payments rather than cash, BoG has noted...-to-master) once the new measures come into force, pending the submission of supporting documents
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New overdue taxes jump by 2.01 bln in Feb, total stock climbs to 101.12 bln
EconomyMacroeconomyfigure is the first time in five months that the number of tax debtors has fallen under 4 million..., the monthly rate of collectability came to 80.3 percent compared to 79.8 percent for January. The IAPR has... were under forced collection measures increased by 20,839 month-on-month to 1.1 million. Those who
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New overdue taxes rise by 849 mln in August with total stock at 102.81 bln
EconomyMacroeconomydriven by rises in new debt. Total debt has remained above the 100-billion mark for seven months now... to 82.3 percent. The IAPR has set a goal for the overall tax collectability rate to reach 84 percent.... Individuals under forced collection measures increased by 48 month-on-month to 1.1 million. Those who
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IAPR annual data shows growing tax pile and pressure on middle-income taxpayers
EconomyThe Independent Authority for Public Revenue (IAPR) has released annual figures for 2018 which show the growing pile of tax debt owed to the state as well as increased measures to confiscate amounts..., the IAPR has set a target of enforced debt collection methods to 66 percent of the total amount of tax
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Outdoor gatherings with hint of protest raise concerns over relaxation of lockdown
PoliticsGreek Politicscalling on the public to respect distancing measures. While compliance with stay-at-home orders has been widely embraced over the six weeks’ duration of the measures, the easing of the lockdown... incident a complaint has been filed against police by a local resident who claims to have been beaten
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PM set to unveil support package, as ND cements poll lead
PoliticsGreek Politics. The economic support package, which has been widely trailed in the media, is said to total up to 24... findings that the governing party has benefitted from its successful handling of the pandemic. The prime... address this afternoon detailing measures for employment and the economy into the autumn, as well
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PBO highlights pandemic impact on economy, sees 2020 recession of 8.5 to 9.4 pct
EconomyMacroeconomy, the fiscal picture has been affected by the need of various support measures to protect the economy... recognise the extraordinary circumstances. Also, Greece has a favourable repayment schedule... of the state of the economy and the impact the pandemic, as well as the lockdown measures had on economic
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