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Banks see efficiency gains after shedding 29 pct of staff, 42.6 pct of branches during crisis
EconomyBankingone third from 8.63 billion in 2009 to 5.82 billion in 2015, while a further cut is estimated... on cash withdrawals from its current level of 840 euros for a two-week period to 2,000 euros for one
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IMF argues case for further reform of pension system
EconomyProgrammeOne of the issues discussed in a recent International Monetary Fund paper deals with the Greek pension system and notes that the most recent reform goes in the right direction since it removes some... of contributions, while only one quarter involved applications made after 35 years of contributions
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Opening the electricity market and possible introduction of "Small PPC" as part of bailout review
Legalthat one scenario could be the inclusion in the current agreement of an explicit commitment... is brought to you in association with Metaxas & Associates: M&A (www.metaxaslaw.gr) is one
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Eurogroup agrees return of mission to Athens but key issues unresolved
PoliticsGreek Politicson ensuring that any citizens affected by one measure would benefit from another. The idea... that the volume of measures would be one of the issues that will be examined by the technical teams
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Athens grapples with awkward reduction of tax-free threshold
EconomyProgrammewas reduced to 8,636 euros for a single person, to 8,863 and 9,090 euros for a family with one child..., the reduction in the tax-free threshold is one of the measures that the government has agreed
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also... study revealed that one is six companies on average was deemed to be a strategic defaulter during
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Newsletter 108 - 24/02/2017
on the adoption of European best practices in Greece. Changing labour legislation is just one of the sensitive... bill on the out-of-court workout, which is one of the key deliverables in the context of the second
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Greece searches for balanced deal as talks get underway in Athens
PoliticsGreek Politics-measures proposed by Athens. One report suggested that the coalition may try to convince lenders... to deliver an upbeat message, one that foresees the review being wrapped up soon. Tsipras met today
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First day of talks highlights distance that needs to be covered
EconomyProgramme, Economy, Labour and Energy ministers. Although the most important meeting was the fourth one...) has not been tabled yet. One report suggests that the institutions believe they will probably have
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Out-of-court workout bill prepared amid apparent concern from banks
EconomyProgrammeexpenses for one year over the last three years. The debt settlement could involve a number of debt relief... defaulters. It is worth noting that a recent Bank of Greece (BoG) study revealed that one in six companies
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