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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammerecent annual general meeting. The proposal for creating a financial institution that can sweep up bad... requirement needed to set up such an organisation. Greece’s lenders have not been willing so far to direct... a blueprint on the set-up of national asset management companies (AMCs). The proposals show member
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Are hirings in the public sector out of control?
EconomyFeaturesbacks up its accusations with figures which claim to show that the government has hired 21,000... their numbers have been creeping up steadily. The total number was up to 75,810 at the end of 2017 from a low... historically been looser than those applied to the staffing of permanent roles. Up until 2009, applicants
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Coalition eyes electoral change, polls show wide lead for New Democracy
PoliticsGreek Politicsthe “next few weeks” a draft law aimed at breaking up the vast Athens “B” voting district into smaller... been reluctant to give up their strong power base. PASOK and To Potami suggested the change in 2016..., there appears to be greater consensus now on breaking up Athens “B” but it remains to be seen
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Take your seats
Agora, announced a rent subsidy scheme for up to 300,000 families, the reduction of the annual property tax (ENFIA) by up to 30 percent over two years, a decrease in social security contributions for the self... by Tsipras was far from the handout bonanza that some of his critics had warned about in the build-up
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesmake up almost half of the recipients, with Russian and Turkish nationals making up the next largest... Commissioner Vera Jourova recently told Die Welt that she would be calling on all member states to speed up... in the first five months of 2018 were up by 49 percent compared the same period last year
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Newsletter 175 -21/09/2018
in beating targets (Athens expects that this year’s primary surplus could end up above 4 percent of GDP...) earlier this month that the government would introduce a rent subsidy scheme for up to 300,000... were the reduction of the basic rate of income tax for those will annual incomes up to 10,000 euros
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General govt primary cash surplus at 3.51 bln in August, arrears fall by 306 mln
EconomyMacroeconomythat in the first eight months of the year, revenues edged up by 0.8 percent YoY to 49.44 billion... rise was noted in extrabudgetary funds which went up by 3 million euros compared to July, while state...). At 35 percent, arrears of tax refunds made up the majority of overall arrears in August, overtaking
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Newsletter 182 -9/11/2018
for SYRIZA and ANEL lawmakers as the coalition plans to follow this up with other measures promised by Prime... Dimitris Tzanakopoulos indicated during a press briefing on Tuesday that this measure will be followed up... elements of the deal involved the two sides setting up a joint fund to make commercial use
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Moments to remember from the euro crisis
Agorabacked up by extensive bank liquidity initiatives (OMT, LTRO and TLTRO) that concluded with QE, calmed... at existing levels if the government did not sign up to an EU-IMF bailout. Even more controversially... to carry out, as well as cleaning up its banking sector. When the letter was published in full four
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Tsipras facing decision over timing of vote on Prespes Agreement
PoliticsGreek Politicsto vote for the deal and then give up his seat in Parliament. Regarding the timing of the vote, Tsipras... vote. It is now up to Tsipras to decide when Greek MPs should get a chance to vote on the name... be freer to reach out to its nationalist audience, talking up its stand against the name deal and trying
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