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Crumbling Greek pension system threatens big fiscal gap, budget derailment
Economy. These mainly relate to pending pensions, i.e. applications for pensions for which the process has been... in contributions has been entered into the installment scheme, resulting in revenue collection of 300 million..., though, that SSFs owe to EOPPY a total of 1.77 billion euros that has accumulated between 2012 until
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Greek stocks up by 1.3 pct this week on banks’ 12.4 pct rebound
Economythe 700-point mark, as it has done since August 11, landing at 685.95 points on Friday. Since the bourse reopened after the imposition of capital controls, it has recorded losses of 14 percent. Banks... the beginning of August, trading activity has nosedived by around 70 percent amid lack of foreign
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Privatisation chief sees gradual progress but revenues remain unclear
Economywith the preferred bidder will examine potential improvements to the agreement that has already been... has no official information on this issue. According to the latest official announcement..., “since mid-July and particularly after the September 20 election, HRADF has accelerated its efforts
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammethat the view of the Commission and the other institutions is that the protection has to be focused...-performing loans (NPLs), whereas the government aims to protect 72.4 percent of them. The government has... Greece has to implement to qualify for the disbursement of the next sub-tranche of 2 billion.
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Coalition starts to feel backlash from latest round of measures
PoliticsGreek Politicshappen when the Eurogroup meets on November 9. In the meantime, the government also has to contend... professional groups to the measures the government is adopting. Greece has just over 82,000 local... pharmacists – famously Greece has almost 100 pharmacists per 100,000 inhabitants, which is by far
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Coalition in rush to wrap up pending bailout issues
EconomyProgramme, nuisance taxes and minimum prices for generic drugs. Another key issue that has to be resolved... to Kathimerini, an unnamed European official said on Wednesday that as long as Greece has implemented two... recapitalization before the end of the year. The government has pledged to make pension interventions
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SYRIZA tries to contain impact of ex-minister's grave allegations
PoliticsGreek Politics. The coalition has so far played down the serious claims, attempting to cast doubt on them... political secretariat that appears to have been implicated in the allegations – Panos Lambrou – has... Tsipras some respite from an issue that touches a raw nerve within SYRIZA, which has repeatedly
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Coalition hopes for respite from ex-minister's claims as probes launched
PoliticsGreek Politicsinto the claims on Friday. Supreme Court prosecutor Efterpi Koutzamani has ordered a probe into claims... of the allegations and the prime minister’s office has not responded directly to the claim that Tsipras... government policy. SYRIZA has tried over the last years to shrug off persistent accusations from its
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NBG strengthens capital at deep discount, falls short of initial target
Agora. The bank said it has raised a total of 1.17 billion euros so far, including the outcome... under the baseline and at 4.48 billion under the adverse stress test scenario. Summing up, NBG has... stands at 1.13 billion euros and is the highest among the four systemic Greek banks. Its stock has
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With onerous measures looming, Tsipras seeks talks with opposition leaders
PoliticsGreek Politicsissues. It is no coincidence that this call has come as the coalition’s majority, reduced to three... to pensions being cut further but the one advantage Tsipras has is that while many of the measures being... on PASOK’s Fofi Gennimata, who has so far maintained a hard line against Tsipras. However, given
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