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Gov't offers improved terms to farmers in bid to break deadlock
Economy, Tsipras presented to farmers a set of social insurance and tax measures that aim to ease some of the burden placed on them by the original plan set out by the government. Among the new measures presented were: 1) The farmers’ pension fund (OGA) will remain independent for a 5-year transition period
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Gov't unveils bill to overhaul pension system, increase income tax revenues
EconomyProgrammepercent weight). The social security contribution rate for main pension is set at 20 percent, of which... income. The reform proposal increases contributions for supplementary funds by 1 percentage point... Gaming Revenues (GGR) for all gambling companies is set at 35 percent. This rate was previously at 30
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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek Politicsin ministry’s budgets would be enough to meet the target set for the stand-by measures. There have also been... Athens to set out exactly what interventions it plans to make (as well as developing an automatic system... will be finely balanced going into the vote, which is expected after Orthodox Easter on May 1. The committees
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Delays in concluding programme review are credit negative for Greece, says Moody’s
Economynew elections. Moody’s had downgraded Greece’s rating to ‘Caa3’ from ‘Caa2’ on July 1, 2015.... S&P has the highest rating for Greece, a ‘B-’ that was set on January 22 this year, while Fitch’s rating stands at ‘CCC’ where it was set on August 18, 2015.
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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politicsreview. Two-thirds of this was passed through Parliament on Sunday night, while the remaining 1... to legislate an extra set of specific fiscal measures now. The automatic mechanism will have... to the guidelines they set out last summer, which is that financing needs to be kept
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Newsletter 82 - 15/07/2016
for parties to enter Parliament, currently set at 3 percent of the vote, and granting Greeks living abroad... seems set to carry into next week as well. They were at loggerheads this week because the trial... at the end of May, up by 1 billion from the end-April figure. Almost 90 billion euros were owed in taxes
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The great turn-off: Greece's TV permits auction
Agorawere set up in the building where the auction took place as the process was expected to last a couple... is in the Internet but even then it is only at +1. The greater faith in the Internet is an indication... it was unconstitutional. The conservatives went as far as saying they will change the set-up again
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The story behind Attica Bank, the non-systemic lender thrust into the spotlight
EconomyBankingthat capital increase, the bank’s phased-in Common Equity Tier 1 (CET1) ratio reached 17.64 percent... framework set by the Single Supervisory Mechanism of the ECB. The Extraordinary General Meeting (EGM... by TAPILTAT, and the new date for the EGM was set on September 20. It in worth noting that the bank
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Creation of unified social security fund poses new challenge for govt
PoliticsGreek Politics), which the government wants to put into operation in the coming days. EFKA will be set up... a press conference on Tuesday to set out the government’s goals regarding EFKA and pledged that new... properly by the end of the year. EFKA begins its life with a deficit of more than 1 billion euros
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesIf it manages to conclude the second review, Athens has its heart set on the inclusion of Greek... and issuer limits of 33 percent each and the 1 to 30-year range of residual maturity applied to the universe of eligible assets. The maturity range was initially set between 2 to 30 years
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