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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgramme, the issue of lockout is unresolved, while it has been agreed the notification period for a strike... recalculation must be finalised by December 2017. We highlight that the government has pledged any... outlining the possible accompanying measures to limit the social consequences of dismissals taking
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Disposable income drops by 2.3 pct in Q3 on sharp rise in taxes
EconomyMacroeconomypercent. Overall, disposable income has plummeted by around one third, or by 14.52 billion euros.... However, final consumption has posted a cumulative decline of 9.28 billion euros in the last seven.... In addition, a number of austerity measures were imposed by the government on the public sector, dragging
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Greek households spend greatest share of income on accommodation in EU
SocietyAn EU-wide survey has found that Greece ranks last in terms of housing exclusion, with households..., to 93, which is where the ratio lay in 2000. The report notes that “Greece has experienced unprecedented pauperisation due to [the] measures which were introduced after the 2008 financial crisis
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Concerns over energy deregulation add to challenges Tsipras faces
PoliticsGreek Politics. This represents a significant turnaround on the government’s part and it has not been met with universal... exist within SYRIZA is that the final deal has to be weighed up as a whole. The argument from... political backlash in Greece to some of the measures, particularly the sale of Public Power Corporation
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Athens hopes for deal at Eurogroup but doubts persist
PoliticsGreek Politicsto this proposal. There have also been suggestions in Athens that Germany has fully aligned itself... target of 3.5 percent of GDP is not met. The Greek government has tried to make the most... is under discussion. It entails 1 percent of GDP in fiscal measures (pensions) being implemented
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Tsipras readjusts expectations for crucial Eurogroup
PoliticsGreek Politicsstrategy. Although Tsipras has shown before that he is capable of performing abrupt changes of direction, there has been no indication from public or private comments emerging from the government... on the debt measures and a clear statement of support for Greece’s efforts to slowly return
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek Politicsin the day but reports put the figure at 8.5 billion euros. Given that Greece has around 6.5 billion...,” holding off on any further financial commitment until the debt issue has been settled. German.... He said the “final calibrations” regarding the debt measures would be done in the first half of 2018
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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek Politics. This is, instead, expected to happen next week as Athens still has some prior actions identified... the numerous court cases he has had to go through following claims that the 2009 deficit figures... of the government’s handling of the negotiations with the lenders and of the new measures that the coalition
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBanking-default rate has returned to pre-Q1 levels and currently stands at almost 18 percent from 22-23 percent... and administrative costs by 4 and 6 percent respectively. The number of branches and employees has... exchanged in H1 due to the implementation of the short-term debt relief measures. The Common Equity Tier 1
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Out-of-court workout holds promise for firms in debt
Legalhas a long standing reputation and experience in debt restructuring procedures having advised... of the relevant law has been carried out under this context. Disclaimer All rights reserved. No part... to the creditors and for a time period of 70 days, any enforcement measures against the debtor, regarding
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