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FinMin sets out how it would alter policy mix to prevent pension cuts
EconomyMacroeconomyprovided that the agreed medium-term targets are met.” In the MTFS earlier this year, the Greek... primary surplus goal a year ahead of time in 2017. Based on the MTFS, in 2019 Greece would save 1.43... will breathe a sigh of relief as it will avoid having to implement an unpopular policy in an election year
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Industrial production grows by 1.4 pct in August and by 0.8 pct in aggregate period
EconomyMacroeconomyof this year. Month-on-month (MoM), the index fell by 11 percent compared to July, marking the largest MoM... figure for the first eight months of the year showed that the IPI rose by 0.8 percent. The figure... of the year, industry confidence has shown a slight improvement of 0.1 points. Additionally
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Travel balance up by 1.4 pct in August as EU arrivals jump by 17 pct
EconomyMacroeconomy, increasing by 1.4 percent year on year (YoY). Travel payments also rose by 1.6 percent and came to 167.3... billion euros surplus last year. Receipts were driven by an increase of 4.8 percent in foreign... of the year, travel receipts rose by 11.1 percent to 11.76 billion euros. Payments also recorded
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Deposit inflows come to 102 mln in September, slowing from recent months
EconomyMacroeconomyon a positive streak, September’s inflows are the second lowest for the year so far after February, when... deposits were negative after a three month positive streak. For the first nine months of the year... last year came to 1.88 billion euros. The latest aggregate balance is attributed to time inflows
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Lenders focus on closing any fiscal gap for 2019 ahead of November 19 Eurogroup
EconomyProgrammeto scrap next year’s pension cuts if it can re-assure the lenders that the 3.5 percent of GDP primary... space there is for Greece to use” above the 3.5 percent of GDP primary surplus target for next year... the lenders that the 3.5 percent of GDP primary surplus will remain secure next year. Over the last
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Tsipras reaches settlement with church, aiming to subdue critics
PoliticsGreek Politicsspends on priests’ wages (roughly 200 million euros a year), which will not increase if there is a rise... euros currently paid out in clerics’ wages each year directly to the church. However, the plan.... In effect, the church has agreed to receive 200 million euros a year in compensation in return
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CPI up by 1.8 pct in October, highest since March 2017
EconomyMacroeconomyof deflation, 2017 was the first year that overall prices rose in Greece. The positive streak... of price rises in the year so far, and is the highest increase in 2018. It also represents... of consumer prices (HICP) rose by 1.8 percent year-on-year in October. Month-on-month, the HICP rose
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Council of Europe report warns over austerity-inflamed inequality in education
Societythis year. The report noted that the state budget for the Ministry of Education was significantly... for four year olds in Greece in 2015 according to the European Commission. However, the government is proposing making pre-school compulsory for four year olds, which would increase attendance rates
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek Politicswill not stand in the way of Greece’s efforts to cancel next year’s pension cuts. He is reported... the fiscal projections for next year made by the European institutions and Greek authorities. Athens... people from the start of next year. Those affected who will reportedly gain between 200 and 4,700 euros
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Getting to the church on time
Agoraeuros a year in return for dropping its legal claims regarding property it believes was taken from... earlier this year on a 1:1 departures to hirings ratio. He added that the positions would be advertised next year (when elections are due), although the appointments would be made in 2020
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