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Parliament's budget office rings alarm bell on economic prospects
EconomyMacroeconomyThe Greek economy deteriorated in the first half of 2015 and the country has entered again... the agreement, it has to deal also with a reliability issue on the internal front due to the earlier..., according to the report: The tax and other measures have a recessionary effect, whilst the reforms
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Overhaul of energy market among tasks looming for government
EconomyProgrammeOn top of the fiscal policy measures and pension reforms the new government has to work on in the next few weeks, it also has to meet key deliverables in the energy sector over the coming months... to imminently adopt structural measures that would lead to the same results in terms of market shares
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SYRIZA tries to compose itself ahead of next vote on prior actions
PoliticsGreek PoliticsQuestion Time in Parliament on Friday, which was aimed at rallying his party. There has been... is not the most reliable barometer of the mood within the party. He has suggested in the past that he... is being tested by the constant flow of new and uncomfortable measures. The SYRIZA leader made
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Meeting with farmers marks start of renewed effort to reach bailout review deal
PoliticsGreek Politicsbelieves that around 1.5 percent of GDP in new fiscal measures will be enough and has reportedly asked... contributions in return for receiving lower pensions. The coalition has been pleading with farmers... make a significant difference to the measures that will be needed this year and in 2017-18 in order
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Government steels itself for protests, looks for positive in polls
PoliticsGreek Politicsand the impact of the measures it has adopted. It wants instead proposals for changes to the electoral law... movement that took over Syntagma Square in central Athens in the summer of 2011. The government has... the votes on the latest bailout-related measures, which means they are not going to cast doubt over
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Bad news for Greek Shipowners? Tonnage tax under European Commission scrutiny
Legalin respect of income tax on profits derived from the operation of ships. The Commission has voiced its... market. While the relevant negotiations are still ongoing, the shipping sector has been lobbying... benefits granted to wider maritime cluster companies under Law 27/1975, are all measures which
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World Bank sets out savings Greece can make from streamlining welfare benefits
EconomyProgrammeto the supplemental memorandum of understanding, the government has committed to complete the SWR... it has some of the largest gaps among EU countries, with nearly half of the poorest 40 percent..., the World Bank’s proposals for elimination of tax measures are expected to yield 294 million euros
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Flare-up between Athens and IMF fuels doubts over review breakthrough
PoliticsGreek Politics, suggesting that Athens is at fault for the high primary surplus targets it has to meet brought an instant... a positive outcome. “Given how much progress has already been made, an agreement on the review could... but without this or any specific measures being legislated now. The other option seems to be for the IMF
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Athens accepts review's toughest fronts remain open
EconomyProgrammemeasures, such as the reduction of the tax-free threshold that has been repeatedly requested... may be deferred, few developments are expected until the board meeting has taken place... if it was accompanied by medium-term debt relief measures due to be implemented at the end of the programme
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Tsakalotos and Stournaras raise objections to IMF assumptions
EconomyProgrammelast May, should lead to increased potential growth in the future. In contrast, the IMF has lowered... BoG has estimated that the achievement of non-performing loan (NPL) reduction targets will further... at that time. According to Stournaras, the IMF pressed for more austerity measures, consistently
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