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Debt deal eludes Greece and lenders, June 15 set as final deadline
PoliticsGreek Politicsfor discussion but “not too much” because of the debt maturities in July. Greece has to pay 256... for the period after 2022. Athens was commended for passing the multi-bill of measures last week... for the measures it adopted last week. Some SYRIZA MPs may wonder whether they were misled ahead of the vote
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Tsipras eyes next step after mixed Eurogroup deal
PoliticsGreek Politicsbeing. Instead, he now has a clear run for the next few months that will not involve legislating any... certainty about its fiscal targets, some clarity on debt relief measures and a larger-than-expected... does not accept that there is enough clarity regarding the relief measures proposed to consider
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Budget passed but coalition handouts draw attention
PoliticsGreek PoliticsAttica that has been unable to return to work and a 400-euro handout to unemployed Greeks aged between... for announcing these measures. Apart from the apparent lack of consultation, the creditors object... with Greece’s lenders. The ministry said that there would be compensatory measures for the remaining 27
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If rising card use in Greece meets EU average, VAT revenues would see 3.3 bln boost - study
EconomyMacroeconomy) has shown. The study, titled “Digital payments after capital controls: Support measures and tax..., was closer to these regions’ share of GDP. To increase EMP penetration, IOBE recommends measures... and business incentives and administrative measures such as the reduction of cash transaction
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Staikouras strikes note of caution on fiscal space and tax cuts
EconomyProgrammeof the fiscal targets in the coming years, a matter that has already been raised with the eurozone lenders... that the range of tax relief measures the governing party had pledged in the election campaign... that following this year’s reduction in property tax, there is no room for any added relief measures. He
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Draft budget sets ambitious growth target of 2.8 pct in 2020, plugs fiscal gaps
Economyin 2020, the OECD has its estimate at 2 percent and the IMF expects 2.2 percent growth. The council... announced by Prime Minister Kyriakos Mitsotakis last month, along with the intended measures... construction. Finance Ministry officials have compiled a list of fiscal measures worth 1.9 billion euros
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyincrease in spending that has yet to materialize. On the fiscal front, the EC sees the primary surplus... measures that intend to stimulate investment and reduce labour costs are expected to carry... with social policy measures are expected to support investment and employment growth pushing GDP growth
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Eurogroup approves SMP and ANFA profit release, decision on investment use postponed
EconomyProgrammefor investment spending is eventually secured it has to be done in a fiscally neutral way and the funds...The Greek authorities left Wednesday's Eurogroup having secured debt relief measures worth 767... not face any issues in yesterday’s meeting regarding the second round of debt relief measures
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Google mobility report illustrates stark drop in activity due to Covid-19
SocietyGoogle has released a set of mobility reports which illustrate how the public’s movements around the world have altered due to the coronavirus outbreak. Greece went into staggered lockdown measures... measures such as an 8pm curfew were also introduced. Google’s report showed that in Greece as of March
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBanking. The bank has booked 120 million in Covid-19 provisions above underlying loan losses with Q1 2020 CoR... significantly following ECB’s temporary collateral easing measures implemented on April 20, relating... billion euros. Covid-19 measures At the end of Q1, the bank’s domestic performing exposures stood
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