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  1. Recent study issues warning over ageing population, future pension burden
    Photo by Panayotis Tzamaros/Fosphotos

    Society

    to around between 3 and 3.7 million in 2050. At the end of last year, the Organisation for Economic.... The Hellenic Statistical Authority (ELSTAT) statistics for 2016 showed that during the year, a total of 92,898 live births were registered, an increase of 1.1 percent compared to the previous year

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  2. Tsipras to set out path for new cabinet as pension discussion looms
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    will also be banking on his government not having to implement next year the 1 percent of GDP in pension cuts agreed with the lenders and pre-legislated last year. However, it is not clear whether he... clear that this year’s primary surplus target will be exceeded and everything is in place

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  3. Trade deficit grows by 34.5 pct in July on continued import rises
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece’s trade deficit grew by 34.5 percent year-on-year (YoY) in July compared to an increase... is the second consecutive time this year that the deficit has grown after four consecutive months... of the year pointed to a YoY fall of 3.9 percent in the trade deficit, bringing the deficit to 12.63

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  4. Lenders appear at ease with Tsipras pledges, cautious on pension cuts

    EconomyProgramme

    and the institutions try to get a firm handle on what this year’s primary surplus will look like. The government... services, as well as other civil servants would receive before the end of the year around 1 billion... of next year’s pension cuts. Regling did not rule out the possibility of the measure being suspended

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  5. Take your seats

    Agora

    year and that collective bargaining would be restored after significant deregulation in the Greek... by the end of the year to members of the armed forces and emergency services, as well as other civil... to why he is confident that calling off next year’s pre-legislated pension cuts (worth 1 percent

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  6. Lenders' visit concludes with no firm answer on pension cuts
    Finance Ministry

    EconomyProgramme

    with no final decision on whether the pension cuts due to be implemented next year will be called off... fully accept the Greek argument that next year’s primary surplus of 3.5 percent of GDP... this year’s and next year’s fiscal targets are secure. No final decision on this politically sensitive issue

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  7. Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    but it is the discussion with the institutions over next year’s pension cuts, rather than market access... consistent success in beating targets (Athens expects that this year’s primary surplus could end up above 4... for up to 300,000 families from next year. Athens also argues that the European Commission’s Ageing

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  8. PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
    Photo by Panayiotis Tzamaros/Fosphotos

    Economy

    in the Greek media over the weekend, PDMA intends to tap markets for 6-7 billion euros next year... year stand at close to 2.5 billion euros in repayments and interest charges. The average interest... that often exceed 6 percent. Next year’s Eurosystem holdings amount to 5.8 billion euros and carry

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  9. Deposit inflows reach 1.30 bln in August on increased sight deposits
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    into the Greek banking system. August’s inflows are the second highest for the year so far after June, when... eight months of the year, flows remained positive and came to 5.09 billion euros. The aggregate figure for the same period last year came to 1.92 billion euros. The latest aggregate balance

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  10. Eurogroup suggests there is scope for pension cuts to be called off

    EconomyProgramme

    year. The issue was not on the official agenda of Monday’s Eurogroup meeting, but it is believed... is on track to repeat this year. “What is important right now is that Greece continues to fulfil its... are of the opinion that Greece is on the right track to respect its fiscal targets for this year and next year

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