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Newsletter 46 - 09/10/2015
to be implemented by 15 October to unlock the first subtranche of 2 billion euros incorporates a first...-set relates to the: 1) adoption of a roadmap for the investment licensing reform, 2) establishment... up to non-pharmacists, 2) the implementation of at least 35 additional recommendations included
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Fiscal target revision shows 3.07 bln 9-month primary surplus was 1.8 bln above target
Economypercent in September, after easing by 2 percent in August, yet the 9-month figure fell by 6.8... of the FY target of 750 million) 2) Other social security funds expenditure (at zero versus an annual target... of the disbursement of the next two sub-tranches of 2 and 1 billion respectively may result in a further delay
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General government primary cash surplus widens notably to 5.14 bln at end of Nov
EconomyMacroeconomyperiod. The government has initially indicated that a part of the last two sub-tranches of 2 and 1... loans by 2.18 billion largely due to the payment of the last sub-tranche of 2 billion. All the other... redemptions of 6.7 billion, increase in repos by 1.4 billion and a net decrease of around 2 billion
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Newsletter 72 - 06/05/2016
so the main package of fiscal interventions can be settled. This will then leave the extra 2 percent... to back another package worth 2 percent of GDP, even if it may never be implemented. The European... to the form of contingency measures worth 2 percent of GDP the IMF is insisting should be detailed
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Tsipras gets full support in pension and income tax vote, moves on to Eurogroup
PoliticsGreek PoliticsGreek Parliament passed the pension and income tax reform bill entailing 2 percent of GDP in fiscal... worsening liquidity conditions over the next weeks – an extra 2 percent of GDP in standby fiscal... the sustainability of Greece’s debt and the pending standby measures worth 2 percent of GDP. The Foreign Ministry
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First review completed but more prior actions lie ahead for Greece
EconomyProgramme, the fund’s internal regulation has to be completed by the same date. 2) A second set of state... should also adjust the quantities for auctions. 2) New framework for the distribution of the special...) The government should secure a sufficient level of resources for the new independent revenue agency 2
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Newsletter 108 - 24/02/2017
indicated that the volume of measures should reach 2 percent of GDP, or 3.6 billion euros... to 2 billion. As a result, the travel surplus dropped by 7.3 percent to 11.21 billion in 2016... and are considered to yield savings of around 1.5–2 percent of GDP. Specifically, the tax-free threshold, which
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammevalues for the scores, ESM noted that a score of less than 2 corresponds to high vulnerability, between 2 and 2.5 to elevated, between 2.5 and 3 to moderate and a score above 3 means low vulnerability... with elevated risk since 2005. They turned to high risk since 2009. The Greek score hovered between 2 and 2.2
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Tsipras clears hurdle but isn't over finishing line
Agorareduced from 2.7 percent of GDP to 2 percent) is down to intransigence, indecision, shifting goalposts... pensioners would lose money. The impact of these measures, which amount to 2 percent of GDP in total... of expansionary counter-measures (also worth 2 percent of GDP) to be implemented in 2019 and 2020
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The Court of Audit's opinion on new pension cuts and its implications
LegalAccording to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution..., or to the recognition of service for the provision of a pension right according to article 73(2), as well... the compatibility of the cut in question with the articles 2 (1), 5 (1) and 25 (1) of the Greek Constitution which
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