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Newsletter 137 -27/10/2017
” this year. The government has previously suggested that the excess surplus would be around 1.... Athens has reportedly agreed to change legislation so that the quorum for first-degree unions... now been paid out. Athens can now focus on completing the review, which means that it has to start
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Coalition seeks to remove review obstacles, turn up pressure on opposition
PoliticsGreek PoliticsDemocracy and its leader, Kyriakos Mitsotakis. The centre-right politician has proposed using... in taxes. The latter has pledged to reduce corporate tax from 29 percent to 20 percent, cut ENFIA...” to support the tax cuts he has proposed. “Will he cut pensions? Will he reduce pay in the public
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IMF adds to calls for no further delays to e-auctions
EconomyProgrammeThe International Monetary Fund has added its voice to those on the lenders’ side calling... their boycott. Meanwhile, Kathimerini newspaper reports that the European Central Bank has asked... with the demands of the third programme. It is believed that an agreement has been reached between
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Hitman's furlough and investment complications pose new problems for Tsipras
PoliticsGreek Politicsa Central Archaeological Council (KAS) ruling. KAS has asked for 30 hectares of the site to be protected... of the biggest investments in Greece, and therefore a flagship project, the prime minister has publicly stated that it will definitely go ahead. Tsipras has stressed to foreign audiences recently
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Eurosystem funding falls by 4.38 bln in October as ELA declines
EconomyMacroeconomyin European Central Bank (ECB) funding by 1.36 billion to 14.59 billion euros. ELA funding has fallen every... review. A fall in ELA funding for the month had been anticipated, as the ECB has been lowering..., Eurosystem funding has declined by 29.27 billion euros. This is mainly as a result of a fall in ELA funding
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EU-Greece island containment policy slammed as refugees endure squalid winter camps
SocietyThe Greek government has been criticised for a containment policy which restricts refugees... to endure on the islands. This is the second winter that this issue has been raised. Last year... of this money has been wasted or squandered amid slow and poorly thought out responses by Greek
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Centre-left agrees on new name, starts building party structure
PoliticsGreek PoliticsThe name of the new centre-left grouping in Greek politics has been decided, now officials are due... the fledgling political organisation, and Stavros Theodorakis, the chief of To Potami, which has agreed...: Movement for Change. The inclusion of the word “change” has at least as much to do with the history
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Mitsotakis rules out roles for relatives, Tsipras mulls way out of pension cuts
PoliticsGreek Politicsa number of the key themes that he has addressed since taking over as the conservative party leader... that under his leadership, his party has been through a substantial renewal and this will become... narrative about economic recovery and an exit from the programme. He argued that the coalition has
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Erdogan visit leaves Athens with much to ponder, no visible signs of progress
PoliticsForeign Policy: Refugee issue Turkey has agreed in principle to take back migrants from the Greek mainland as well..., a process that has largely ground to a halt due to difficulties in the asylum process. However, according... significance to the delineation of maritime borders. This has been a firm Turkish position for many
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Eurosystem funding falls by 4.46 bln in November, banknotes in circulation decline
EconomyMacroeconomybillion euros. ELA funding has fallen every month this year except for February, when a marginal rise..., as the ECB has been lowering the funding ceiling for Greek banks for several months now. The most recent....” Since the start of the year, Eurosystem funding has declined by 33.37 billion euros. This stems largely
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