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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economydeficit of 1.67 billion euros for 2015, more than 700 million worse than the 968 million budgeted last year. The ministry indicates that this mainly reflects lower than expected social security... for retirees who have been insured with more than one fund. This is one of the key reasons
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Newsletter 61 - 05/02/2016
will be less wavering in his search for a deal with creditors than last year and may be willing to compromise... less adamant about protecting auxiliary retirement pay than it has about the main payments... by 14.3 percent in December, which was much more pronounced than the 1.8 percent decline in November
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Newsletter 62 - 12/02/2016
relations with the EU over the refugee crisis appear on a more even keel than they were a few weeks ago... is perhaps bigger than all the other challenges facing Tsipras. In its first period in government, between... security contributions rather than cut existing pensions. However, had he chosen to slash pensions again
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Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
Agora1,200 in 2010-2014 to 2,562 at the end of 2014 and the staff by more than 15,000 employees to 44,332..., the cumulative provisions rose by more than 9.7 billion euros to 57.9 billion at the end of 2015 from 48.2...) formation showed mixed trends in the course of 2015. It halved QoQ in Q2, than it doubled in Q3
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Newsletter 76 - 03/06/2016
into account the currently applied haircut of around 45 percent, liquidity of more than 5 billion... on year (YoY), slightly worse than the preliminary figures released on May 13. The breakdown revealed... kind of firm in non-compliant countries or ones that have more preferential tax rates than Greece
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During crisis, proportion of Greeks in extreme poverty has risen almost seven times to 15 pct
Societyliving in Athens and paying rent or a mortgage. While no more than 2.2 percent of the population lived... faced lower extreme poverty rates than those with children, with the exception of those with three children, which were in a better position than families with one or two. The survey also found
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Newsletter 82 - 15/07/2016
in Greece more than double to 25.4 percent in 2035, from 11.5 percent in 2014. A report submitted... electoral law. The premier’s less-than-confident statement highlights the difficulties the coalition has... not clarified its position, votes in favour, Tsipras is seen garnering no more than 197 votes. However, Potami
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammeincome below 9,000 euros. Specifically, more than 56 percent of the 418,000 farmers declared annual income lower than the 1,000-euro mark, more than 29 percent income between 1-5,000 euros and 8 percent... declare minimal income (less than 1,000 euros), while for 31.2 percent the declared income ranges
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Overdue social security contributions climb to 22.5 bln at end of Q1
EconomyMacroeconomyQ1. The released figures show that out of the total overdue stock of 22.49 billion, more than two.... The breakdown shows nearly two thirds of debtors owe less than 15,000 euros each for an aggregate amount of 1.72 billion euros (7.7 percent of total). This bracket includes 410,238 debtors, more than
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Wolfgang at the door
Agorathe Germans, who had implemented the challenging Hartz reforms provide outright solidarity, rather than... and recovered much more slowly than the US did after experiencing its massive financial crisis. During... more than 40 billion euros through lower interest rates on its government debt, while a study
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