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IMF report sees a number of risks lying ahead for Greece
EconomyProgrammeleaves no scope for any notable increases in wages and pensions from current levels in the run-up... and 750 million respectively. c) Intra-governmental borrowing. Up to 3 billion of excess liquidity in general government subsectors could be utilised under a repo framework recently set up. d
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In survival bid, coalition seeks to ease taxpayer burden, secure early bailout exit
PoliticsGreek PoliticsThe government submitted legislation to Parliament on Thursday that aims to tie up several loose ends before the troika’s returns but also to live up to the pledge Prime Minister Antonis Samaras... their unpaid taxes and social security contributions (SSCs). Those owing up to 15,000 euros can pay
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Tsipras identifies first bills, domestic approval assured
PoliticsGreek Politicsit. This will contain provisions allowing up to 300,000 households living in poverty to receive free electricity and meal tickets. There will also be subsidised accommodation for up to 30,000 people. In its..., allowing them to pay off unpaid taxes or social security contributions in up to 100 instalments
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Newsletter 19 - 13/03/2015
. data. The technical team arrived on Thursday and, according to media reports, was holed up... representing Greece's creditors. Eurosystem funding hits €100bn mark ELA now makes up 63 percent... importantly, the funding mix has dramatically changed with emergency liquidity assistance (ELA) now making up
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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek Politicsadministrations and live up to the pledges it made to a section of society where support for SYRIZA is strong. The proposed law involves: a) Food allowance of 100 euros per family per month for up... of electrical power supply disconnected due to personal debt and free supply of electricity up to 300Kw/h per
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Newsletter 22 - 03/04/2015
, it is unclear whether those particular foreign investors could take up some of the 700 million of T-Bills... by existing holders. Summing up, the government has to cover funding needs of 1.15 billion, 700 million in a T-Bill rollover related to foreign investor take up and 450 million in IMF payments on April 8 and 9
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A breakdown of the funding needs involved in Greece's third bailout
EconomyProgrammeAs talks between the Greek government and its lenders pick up pace in Athens, the discussion about..., institutions expect that the domestic banking system would require a capital injection up to 25 billion... to build-up state deposits. Overall, these five contributors to gross financing needs amount to a total
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Now comes the really hard part
Agoraindustrialised nations, where the figure went up by 8.13 percent. Greek household disposable income... are tallied up, it is remarkable that the social unrest and political turmoil has not been greater during... elections last December and followed this up by going to the brink with the eurozone over bailout talks
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Greece a gateway and scapegoat in EU's refugee crisis
Agorahe did not follow up on and promised to hit targets, such as increasing Greece’s hosting capacity... November, up from 220 in October. This seems to run contrary to the complaints from other European.... The minister claims only eight countries have so far expressed readiness to take up to 295 people, when
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Newsletter 64 - 26/02/2016
Refugee crisis flares up Diplomatic and domestic pressure increase following border closures Apart from dealing with the practical consequences of the refugee crisis, which has flared up again over... the so-called Balkan trail, as other countries also tightened up their border controls due to fears
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