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The key points from Greece's proposal to lenders
EconomyProgrammegroup will be set up to propose a comprehensive strategy for the management of non-performing loans. 2) Temporary suspension of the primary or sole residences in case: the objective value... in order to repay the total amount in two phases: one by the end of June and the second in accordance
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No further damage for Tsipras in second vote as SYRIZA stand-off continues
PoliticsGreek Politicsabstaining and two not voting. This gave Tsipras one more “Yes” vote than last week. More... continued not to believe in the deal with lenders, arguing that it is set up to fail, but that he wants... the prime minister said was his clarification that the government would protect main residences from
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomywith their bad loan pile is one of the main performance indicators that observers are keeping their eyes..., the bank outlined that they have set up two new committees for the management of non-proprietary real... NPL reduction targets, as well as the new framework for the protection of primary residences
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Govt sets out fire compensation scheme in first step to overcome destruction
PoliticsGreek PoliticsThe government has set out a three-step process for helping the fire-stricken areas of Greece... control, as it ripped through one inhabited area after another, while the Evia fire also raged... residences, 70 pct cover of losses for businesses and various flexible arrangements for tax obligations
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Famellos presents struggling SYRIZA’s case, pleads for unity among progressives
PoliticsGreek PoliticsSYRIZA leader Sokratis Famellos has tried to set out his alternative offering at the Thessaloniki..., he lamented, is a “mistake,” one that society is urging them to correct. This tug of war over... provisions, protection for primary residences and small businesses, and faster out-of-court procedures
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Newsletter 69 - 08/04/2016
a set of indirect tax measures yielding one percent of GDP to cover the fiscal gap of three percent... convergence on the measures related to pension reform and direct taxes, each yielding one percent of GDP... proposed by the government, which would result in incremental revenues of 1.8 billion (one percent of GDP
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Newsletter 46 - 09/10/2015
bailout programme by the end of November. Prime Minister Alexis Tsipras has set this date as his... on Thursday about the possibility that the omnibus bill will only contain one article – a legislative... but that it would not necessarily contain one article. Popular Unity’s failure to enter Parliament is a useful tool
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From soup kitchens to school meals, demand for welfare in Athens is surging
Societyper month. Six in 10 of those who attend at least one of the two soup kitchens a day are aged..., including soup kitchens, and the findings of its report provide further cause for concern about the social... the soup kitchens have started doing so in the last six months. Furthermore, 76 percent of those
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Greece and the euro: The flight of Icarus
Agora. When one considers that Greece accounts for less than 4 percent of the eurozone’s total debt or GDP... this crisis and how events have evolved there over the last few years. One of America’s most famous... was good for Greece and its economy. Also, the euro would theoretically solve one of the perennial
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Back from the brink: What next for Greece's property market?
EconomyFeatures. It’s a story where the one-time villains, the foreign investors circling around prime property.... Of course, the boom in interest from one country is not enough to offset the decline from elsewhere... tax continue to put off overseas investors. The one property sector that is doing well is the luxury
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