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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek PoliticsAmid renewed speculation about snap elections next year, Prime Minister Alexis Tsipras has insisted.... Kammenos suggested that he might turn his back on the coalition if Greek Parliament has to ratify... of the Thessaloniki Expo, indicated that New Democracy still has a comfortable lead over SYRIZA
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Unemployment rate falls to 19 pct in Q2
EconomyMacroeconomythat the rate of unemployment has fallen under 20 percent. Compared to the same period last year, the jobless rate has declined by 2.1 percentage points (pp) from the Q2 2017 figure of 21.1 percent... of decline was noted for those aged over 65, where the rate fell by 1.2 pps. This group also has
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Lenders' visit concludes with no firm answer on pension cuts
EconomyProgrammefurther confirmation that Athens is confident that it has made a convincing case, in fiscal terms... is expected until perhaps the November 5 Eurogroup, after Greece has submitted its draft 2019 budget and before the revised version has to be tabled in Greek Parliament a month later. A number
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeindicated that Athens has been informed by the institutions that it will not know for sure whether it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... agreed in June, if it considers that Athens is not abiding by its agreements. There has been no clear
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammesocial safety net has become redundant because Athens is now in a position to spend some of its excess... in 2017. Finally, Athens has put together data showing that cutting pensions now would also be damaging... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has
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Tsipras and Kammenos vow to stick together until further notice
PoliticsGreek PoliticsParliament has to ratify the name settlement, known as the Prespes Agreement, caused unrest within... Democracy and ANEL not making it into Parliament. This necessity to survive has kept Tsipras and Kammenos.... According to Palmos Analysis, New Democracy’s lead over SYRIZA has shrunk from 10.5 points in March
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VAT revenues up in 2016 but rate hikes fail to close gap of 29 pct
EconomyFeaturesThe European Commission's VAT Gap report has revealed that high rates of VAT in Greece appear... in Greece has remained consistently high over the last few years. It stood at 30 percent in 2012.... In percentage terms, the VAT gap rate in 2016 has remained unchanged as compared to 2012. Year-on-year
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Economyat the start of December, shortly after the budget for 2019 has been voted in Parliament. According to reports... of the loans that the IMF has granted to Greece is over 3.5 percent as any amount in excess of the country’s quota has a rate of close to 4 percent. The reports suggest that the PDMA plans to bring down
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammeto pension spending has not been concluded yet, there is a high probability that Athens will have... as Greek bond yields are higher than the government would like. It has been suggested that one option would... year’s pension cuts with his eurozone counterparts) to take place. It has already been suggested
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PWC report finds Greek fire damage above average despite lower incidence
SocietyA report by PricewaterhouseCoopers (PwC) which examined Greece’s firefighting capabilities has... countries, Greece has a relatively low incidence of wildfires in the last three years, when fires.... They also lag significantly behind those used in central Europe. The poor track record that Greece has
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