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Tsipras identifies debt relief, bank recap and attracting investments as key goals
PoliticsGreek Politicsto its banking system ahead of a recapitalisation that will cost up to 25 billion euros. He made... to set up a mediatory body to reach out of court settlements between lenders and customers who cannot... of drawing up investment plans, making sure legislation is up to scratch and issuing permits. Tsipras said
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Travel receipts rebound by 7.3 pct in August, partly reflecting higher spending per trip
EconomyMacroeconomytravel receipts stood at 3.4 billion in August with the corresponding payment up 10 percent to 214... of 9.1 billion, up 8.5 percent from last year’s figure of 8.39 billion. The increase in receipts..., while those from Germany and France recorded a slower growth, up 10.2 and 4 percent respectively
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Greek banks' equity raising could keep official support to a minimum
Economyterms, we understand that the bank could boost its capital base by up to 1.06 billion. Excluding... securities. We understand that Eurobank could strengthen its capital base by up to 790 million if all... to raise capital up to 0.8 billion for the LME. The management clarified that Finansbank sale
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Newsletter 58 - 15/01/2016
New Democracy’s links with this section of Greek society, often opening himself up to accusations... not given up its goal of changing Europe, primarily through leading the charge – or perhaps, slow... in. Perhaps even major European powers like France and Italy might stand up to the German-centric
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First days of talks confirm gap between Greece, lenders on pensions
PoliticsGreek Politics, salary-earners and pensioners are taxed with a rate of 22 percent for annual income up to 25,000 euros, of 32 percent for the incremental income up to 42,000 and of 42 percent for any income above... been proposed, individuals’ annual income up to 25,000 euros would be taxed with a rate of 22 percent
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As Greek leaders mull position on refugee crisis, EC sets out timetable of targets
PoliticsForeign Policya few dozen leave Greece each day and for all EU member states to be forced to live up their commitments... a tool of humanitarian assistance. Member States must step up the rate of relocation speeding up... be stepped up, and facilitated through the rapid adoption and implementation of the Commission's proposal
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Some progress made as Greek programme review heads for break
EconomyProgrammelower increase would entail pension cuts up to 600 million euros. The government has indicated it does... at 22-22.5 percent for incomes up to 20,000 euros and the upper rate at 45 percent for incomes above 40,000 euros. Until now, incomes up to 25,000 euros are taxed with a rate of 22 percent, incremental
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP... tax scale includes four rates ranging from 22 percent for annual incomes up to 22,000 euros to 45... from 2.2 percent for incomes between 12 – 20,000 euros up to 10 percent for incomes above 220,000
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Locating Europe's pulse in the refugee crisis
Agorain Austria, a beefed up military and police presence on borders in many parts of Europe and stinging... fences have gone up. This has not resembled the progressive, open and self-confident EU that many... of refugees’ traumatic experiences, he takes a sheet of A4 paper and scrunches it up in his fist
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NPL resolution in Italy and Greece
Agoralenders and necessitated an increasing amount of provisioning, thus binding up valuable capital... with an “objective” property valuation of up to 140,000 euros. This threshold excludes the sale... and Eurobank are teaming up with the US private equity firm KKR to provide capital and manage exposures
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