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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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Alpha Bank reports net losses of 16.8 mln in Q2
EconomyBankingOn the asset quality front, the non-performing loan (NPL) ratio edged up to 37.8 percent in Q2 up from... billion with the NPE ratio edging up to 52.6 percent in Q2 from 52.1 percent in Q1, while the NPE...) ratio edged up to 16.6 percent in Q2 from 16.3 percent in Q1, mainly reflecting a reduction in risk
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Refugee crisis charade adds insult to EU's injuries
Agoraand give much of Europe peace of mind. The crisis, though, is threatening to flare up again and the EU... improvements in Greece. For instance, the Greek Asylum Service has stepped up its activity and preregistered... borders properly and that its future in the Schengen area may be up for debate as it is not showing
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Budget primary surplus of 3.8 bln to Aug beats target by wide margin
EconomyMacroeconomylast year and outperforming target by 2.85 billion. Revenues Revenues (before tax refunds) edged up..., up 4.9 percent from last year. For the full year target of 50.57 billion to be met, revenues... is the lowest monthly reading so far this year. The 8-month figure stood at 1.91 billion, up 7.6 percent from
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Why can't Greece be more like Cyprus?
![Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]](resources/toolip/img-thumb/2014/01/05/cyprus_myrto_1000_0501-medium.jpg "Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]")
Agorathe reforms over the past years”. There were also warnings for Cyprus to “keep up the reform momentum... needed to bailout the eurozone countries, with Athens taking up almost 250 billion euros (more than...) by up to 1.7 percent year-on-year in 2016, while Greece’s economy is due to contract by another 0.3
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