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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeto be voted in the Parliament. Those measures, which are not quantified in the document, include: 1... a period of 30 days is set to at least 10 in companies employing more than 20 and less than 100 workers... of 90 days the number of mass layoffs may exceed 20 regardless of the number of employees. The draft
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Newsletter 217 -02/08/2019
for those on lower incomes and the middle class.” He said that those owning properties worth more than 1... payment will fall from 30 to 20 euros, while the interest charged on the amount owed will be reduced from 5 percent to 3 percent. Furthermore, businesses that owe up to 1 million euros (the original debt
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Newsletter 335 - 15/04/2022
taxes were rising by a rate of 1 billion euros monthly. It was always a concern that households.... Health Minister Thanos Plevris announced that from May 1 vaccination certificates will not be needed... will be able to operate at full capacity. From June 1, masks will not have to be worn indoors
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ND unfurls array of policies as it prepares for final stretch of campaign
PoliticsGreek Politicsmajority at the July 7 elections. The tax cuts that Kyriakos Mitsotakis has trailed for many months... since the last poll, while the support for the leftists has risen by 1 point. Movement for Change (KINAL) is in third place on 7 percent, the Communist Party (KKE) is in fourth with 5.5 percent
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Bound to lose
Agoramembers of Neo-Nazi Golden Dawn were convicted on October 7 of operating as a criminal organisation...-right party that entered Greek Parliament in 2012 with 18 MPs and almost 7 percent of the vote... be reduced to between 1 and 5 years or even suspended if the court accepts mitigating circumstances. When
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Newsletter 341 - 10/06/2022
support increased by 1 point to 31, SYRIZA was up half a point to 25 pct and PASOK-KINAL edged up to 12.5... grew by 7 pct year-on-year and 2.3 pct on the previous quarter. The year-on-year growth...-to-GDP ratio at the end of the year. The annual GDP rise of 7 pct was led by an 11.6 pct rise
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The key numbers behind the latest Greek proposals
EconomyProgrammewill target net revenue gains of 1 percent of GDP on an annual basis, which is similar to institutions’ proposal. Since the changes are effective as of July 1, the additional revenues correspond to 900 million... permanent savings of 0.25 – 0.5 percent of GDP in 2015 and 1 percent in 2016, in line with the institutions
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammesector (33 million) and reduction in certain allowances in the military sector (7 million... (MTFS) for 2018-2021, a pension reform with net savings of 1 percent of GDP in 2019-2021 and a personal income tax (PIT) reform also delivering net savings of 1 percent of GDP in 2020 and 2021
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How Greek banks' capital needs could be reduced by 2.3 bln
Economyhad initially imposed (Executive Committee Act 13 / March 28, 2013) a 20 percent cap on the recognition of DTA in Common Equity Tier 1 (CET1), set at 20 percent of CET1. A later BoG decision (Executive... period starting from January 1, 2015. This rule will also be applied in the upcoming EU-wide stress
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A breakdown of what Tsipras and European lenders agreed to
EconomyProgrammedeficit clause to be implemented retrospectively as of January 1, 2015. o Adopt a series of product... the Greek administration. A first proposal should be provided by July 20. o Fully normalise working methods... will request support for technical assistance by July 20. o Excluding the humanitarian crisis bill
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