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Government budgeting on a late RRF sprint
EconomyMacroeconomypolicy considerations and the public debate. A pattern on investments that has been observed... disbursement testing the Greek bureaucracy. Also, the structure of Greek economic activity has... Greece has received 65 pct of the total envelope, amounting to more than 21 billion euros, just 10
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Outline of fiscal mechanism for automatic cuts emerges after Eurogroup
EconomyProgrammeprogramme is on track has emerged following Monday’s Eurogroup in Brussels. It appears... 2 percent of GDP in extra standby measures now, as some of the lenders had initially wanted... percent of GDP, corrective measures will be initiated. There will be no intervention if the divergence
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Details of technical agreement between Greece and lenders set out in draft sMoU
EconomyProgrammeThe government has to approve legislation to introduce a new permanent mobility scheme, to complete... percent of GDP for 2018 will be covered by the implementation of additional measures yielding 535 million euros. These measures include the streamlining of welfare benefits and the abolition of tax
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Houliarakis provides clearest view so far on Athens's debt relief expectations
EconomyProgrammeof analysis on the issue that has taken place in Greece. It is worth noting that that the Bank... one year. The basic European Stability Mechanism (ESM) scenario, without any debt relief measures... outlined the impact of two potential debt relief measures examined by SOE and PDMA. The first scenario
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Newsletter 114 - 07/04/2017
available. Over the last twelve months, the unemployment rate has fallen by 0.8 percentage points (pp... involves Athens adopting 1 percent of GDP (roughly 1.8 billion euros) in new measures in 2019... measures are implemented in 2019. This package of reforms is to be legislated at the same time
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PM declares tourism season open, rules out new lockdown
PoliticsGreek Politicsmeasures put in place will allay fears domestically that the influx of tourists will increase the risk of a rise in coronavirus cases in Greece, where the number of deaths linked to the illness has... Mitsotakis marked this next, major step in the relaxation of Greece’s lockdown measures by visiting
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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgrammeThe Greek Finance Ministry has announced that the government’s new negotiating decided at its first meeting on Monday to draft a multi-bill coding the measures included in the reform list sent.... Kathimerini daily reported that the key measures aim to raise more than 1.3 billion euros in revenues
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Coalition prepares final legislation for review, opposition expects no upsets for now
PoliticsGreek Politicsvoters to realise what their impact will be before it seeks to push for power. It has been suggested... to complete the remaining bailout measures ahead of the May 24 Eurogroup. Another 1 percent of GDP in fiscal measures (mostly indirect tax rises) are needed, along with the final framework for the sale
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Lenders' report reveals long-term savings from pension reform, which also offset court ruling
EconomyProgrammeperiods. Those three measures are among the 15 prior actions Greece has to implement by mid-September... the measures legislated in the summer of 2015 as well as from those recently voted through Parliament. Last year’s measures, including the curtailment of early retirement rights, are estimated to have
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Athens sees flexibility on fiscal targets, singles out IMF over role
PoliticsGreek Politicsinterventions, especially ones such as the lowering of the tax-free threshold, as the IMF has proposed... to avoid having to agree any new measures now. Although the official statements from the government...-term debt relief to Greece. Athens believes that once these measures are factored in, 3.5 percent
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