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Coalition poised to unveil pension reform proposals, hoping to avoid cuts
EconomyProgrammeThe Greek government appears to have finalised its proposals on pension reform and is set to submit... those paying social security contributions as well as pensioners, include: 1) Consolidation of all... system. The third memorandum of understanding (MoU) calls for pension cost savings of 1 percent
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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammesystem, as set out in the pension reform proposals submitted to the institutions last week. However... savings of 1 percent of GDP for 2016. In the 2016 budget, the Finance Ministry (MoF) adopted those cost... increase in the social security contributions by 1.5 percentage point (1 for employers and 0.5
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Newsletter 58 - 15/01/2016
for a rise in the SSC for supplementary pensions by 1.5 percentage points (pp), of which 1 pp will come... euros required to achieve the agreed pension cost savings of 1 percent of GDP (1.8 billion) in 2016...–20,000 euros. On the fiscal front, there are estimates that the fiscal gap could reach 0.5–1 percent
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Newsletter 60 - 29/01/2016
in excess of 1 percent anticipated by the institutions. Meanwhile, the positive mood resulting from... euros in Q3, down by more than 1 billion from last year. The fall is mostly due to an 8 percent... euros in Q3, household disposable income was down by more than 1 billion from last year. 2 Solutions
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Some progress made as Greek programme review heads for break
EconomyProgramme) as part of the current set of reforms. Tax reform On the other thorny issue of tax reform... scale are estimated at around 1 billion euros, while an increase in the solidarity levy rates is also considered, which could fetch another 1 billion in tax revenues. Another tax issue relates
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NOME auctions as a mechanism to strengthen competition in the Greek electricity market
Legalof that said Law, as amended by para. 1 of Article 3 of Law no.4393/2016, establishes the sales... Forward Product Quantity was finally set for the year 2016 to 460 MWh / h. This is (also) legally... must be placed (namely article 135 para.2 Law. 4389/2016, as amended by article 3 para 1 of law
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Compromise proposal on table ahead of Friday's Eurogroup
EconomyProgramme. The draft proposal foresees pension cuts with estimated savings of 1 percent of GDP being implemented in 2019 and a reduction in the tax-free threshold yielding another 1 percent of GDP in 2020. This appears... percent of GDP, then counter-measures of 1 percent of GDP would be implemented in 2019 along
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Capital controls to be loosened further, restrictions on foreign cash removed
EconomyMacroeconomyDecember 1 to withdraw 100 percent of a cash amount transferred into current accounts held with Greek... into effect on September 1 this year. The procedure is defined by the Committee for the Approval of Bank... will be required to execute such transactions. The measures are the second set of changes introduced as part
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Newsletter 141
spending will stay stable at 6.75 billion. The pace of privatisations is set to intensify with completed... and quarrying by 10.6 percent, along with a fall of 1 percent in manufacturing. Industrial turnover..., capital goods by 7.2 percent and consumer non-durables by 1 percent. Intermediate goods were up by 9.7
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Newsletter 152 -23/02/2018
to the state from May 1, the divestment of lignite units followed by the sale of 17 percent... Mechanism head Klaus Regling. The 5.7-billion-euro tranche will later be followed up by another 1 billion euros, which is partly dependent on Athens meeting the targets set by the creditors for reducing state
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