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Reshuffle speculation mounts as offshore law sparks new political row
PoliticsGreek Politicsin 2003, participation in such a company was punishable with up to two years in prison. New Democracy... the technical details of the government’s rebuttal. The failure on the coalition’s behalf to flag this up... to clean up domestic politics. Reshuffle? It is unlikely that this issue will become anything more than
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Coalition wants next review to be swift despite labour reform complications
PoliticsGreek Politicsrather than three months. “The second review is coming up in autumn." Tsipras made reference... expressed his wish that the next assessment by the institutions should be wrapped up quickly... been tasked by Athens and the International Labour Organisation (ILO) to come up with proposals
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New tax arrears climb by 1.25 bln in May, total stock rises to 89 bln
Economydisplay new unpaid taxes jumped to 5.58 billion so far this year, up by 6.7 percent from... to individual and other corporate taxpayers. Summing up legacy and new tax arrears, the total stock of tax debt reached almost 89 billion euros at the end of May, up by 1 billion from the end-April figure
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Net job hirings hit 33,608 in June, highest since 2001
EconomyMacroeconomyin June 2016, up by 25,018 compared to the corresponding period last year, the Labour Ministry’s... net hirings making up more than three quarters of the total monthly figure. The biggest share.... The aggregate figures for the first half of the year showed net hirings of 234,664, up by 31,541 from
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Unpopular but effective property tax returns for another year
EconomyMacroeconomyup just 0.7 percent of total ENFIA due. This bracket had the lowest collectability rate of 73.1... an ENFIA amount up to 200 euros. In addition, for almost eight in 10 (78.5 percent) the ENFIA amount was up to 500 euros, which means that that 5.86 million taxpayers owning 30 percent of the property
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General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln
EconomyMacroeconomyin the course of the year was recorded in SSF arrears by 381 million to 3.15 billion making up almost... of 24 million year to date with their stock at 1.31 billion in June making up more than 18 percent... to the IMF. Following the evolution in June, the EFSF/ESM/IMF loans rose to 225.96 billion making up
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Justice can't be blind to facts in 2009 deficit case
Agorathe startling truth behind how Greece ended up needing the largest bailout ever put together for a country.... Also, if the plan was to pump Greece’s deficit figure up to protect Ireland, which had a 14.3..., competitiveness, etc), what Greece woke up to in 2009 was the realisation that its decision makers fell asleep
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek Politicsfor a small contraction is in sight and tourism figures for July picking up substantially. The fact... in the coming weeks, especially with the Thessaloniki International Fair coming up in September, when he..., such as the recent dispute over the police’s stance vis-a-vis activists, opens up a sizeable ideological rift
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Fitch affirms Greece’s rating at ‘CCC’
Economy, and arrears build-up to last into the second quarter of 2017 without needing the tranche that would... of slippage in the previous programmes. The rating agency expects GDP to pick up in the second half (H2... would lead to a moderate pick up in deposits in H2. Thus, it expects Greek banks will continue
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Mitsotakis pledges tax cuts, looks for party balance and broad appeal
PoliticsGreek Politics, and Antonis Samaras before him, have been tripped up by tax cut pledges that they were not able... said that he could make savings of up to 800 million euros, although he stressed that this would... period of time and that reducing the target would free up 3 billion euros that could go towards tax
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