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  1. Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP

    Economy

    mainly stem from IKA, Greece’s largest social security fund covering 5.53 million workers, and OAEE, the pension fund of self-employed and freelancers. The former’s unpaid SSCs are estimated at 8.5 billion euros from more than 400,000 debtors and the latter’s at 7.5 billion from 370,000 debtors

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  2. Coalition reaches compromise on candidate for European Commission

    PoliticsGreek Politics

    . Avramopoulos’s nomination was confirmed on Sunday after Prime Minister Antonis Samaras spoke to one... still has strong opponents within the conservative party. Bakoyannis’s nomination would have also... women to take up posts in his team. That is why the government briefly considered keeping Greece’s

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  3. SYRIZA drawing up manifesto and foraging for allies
    Photo by MacroPolis

    PoliticsGreek Politics

    to respond to the persistant doubts about whether the opposition party has the answers to Greece’s... will be circulated ahead of a meeting of SYRIZA’s political secretariat on August 18. The party body... for the possibility of snap elections early next year if the government’s candidate for president

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  4. Worsening EU-Russia ties leave Greek coalition in precarious position
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    PoliticsForeign Policy

    The European Union’s deteriorating relationship with Russia has placed the Greek government in an increasingly difficult position and opened it up to criticism from SYRIZA. Russia’s recent decision... critical of the government’s decision to back sanctions against Russia, which triggered the ban on EU

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  5. Greek primary budget surplus eases to 1.95 bln on back of lower revenues in Aug
    Photo by MacroPolis

    Economy

    Greece’s budget execution showed the primary surplus narrowing to 1.95 billion euros in the 8-month... year’s numbers are not comparable with the respective items for 2014 since they incorporate SMP... targets of Greece’s Economic Adjustment Program. Revenues (excluding tax refunds) fell

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  6. Troika review begins with fiscal targets and tax breaks in focus
    Photo by MacroPolis

    EconomyMacroeconomy

    to the government’s plan. d) The recently announced 30 percent cut in the excise tax on heating oil. e... sources, Kathimerini set out the government’s plan for tax breaks in 2015-16. For the next year... burden. None of the government’s plans for tax relief have yet agreed with the troika

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  7. Primary surplus inches up to 2.9 pct in Greece's 2015 draft budget
    Photo by MacroPolis

    Economy

    to the initial MoF plan is attributed, according to Sunday’s Kathimerini, to: a) increased Public... and emergency services The draft budget is also expected to outline the government’s plan for an increase...) as well as Prime Minister Antonis Samaras’s announcement for a reduction in the corporate tax rate

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  8. IMF lowers medium-term forecasts for Greek debt, 2014 financing needs

    Economy

    to the IMF’s new projections, unemployment is expected to ease by 1.5 pp year on year in 2014.... The IMF’s report unveiled slightly lower estimates for the Greek general government (gg) debt to GDP... the 4-percent mark each year. The Fund’s projections are in line with Greece’s Economic Adjustment

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  9. Greece steps up efforts for early bailout exit but lenders play it coy
    Photo by MacroPolis

    PoliticsGreek Politics

    in February’s presidential vote, thereby preventing early national elections. There are reports... to this during Friday’s speech in Parliament, saying that discussions with the country’s lenders are continuing. The head of the Eurogroup, Jeroen Dijsselbloem, suggested ahead of Monday’s meeting

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  10. Lack of troika deal leaves Greek coalition looking at bailout extension

    PoliticsGreek Politics

    for the government’s plans to exit the bailout at the end of the year. The coalition is running out of time... Stathakis’s comments purportedly written by a Bank of America representative, also published... instead. Clearly, all of these would require substantial ground to be conceded by Greece’s partners

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