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Newsletter 180 -26/10/2018
Tsipras sticking to course PM seems set on passing name deal and then calling snap elections... that the current set of decision makers have a higher standard of ethics than their predecessors. Tsipras... was the equivalent of 1 percent of GDP, or 1.8 billion euros. Athens expects that it will beat its
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Increase of 11 pct in minimum wage to have knock-on effect in economy
Economyeuros currently, effective from February 1. This represents a rise of close to 11 percent... compared to the one set up in 2012. The increase is much more substantial for those under 25, who... to two monthly salaries annually. The daily wage of single unskilled worker is now set at 29.03 euros
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KINAL vies for space, plays hard-to-get ahead of elections
PoliticsGreek Politicsis to vote for the conservatives. The KINAL leader also set out the conditions under which her party...), it is questionable whether Gennimata would have the ability to follow the plan she set out. She... for SYRIZA was at 22.5 percent (which is 1 point higher than a month earlier). Backing for New Democracy
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Debt relief measures move ahead as Athens prepares to use fiscal space
EconomyProgrammeGreece has received the green light for the latest round of debt relief measures and is set to move... the 103-million-euro step-up margin paid by Greece for the period between 1 January and 17 June 2018... did not meet with any opposition from other eurozone member states. The government’s plans were set
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Newsletter 204 -03/05/2019
-free threshold The political battle between SYRIZA and New Democracy is set to intensify this coming.... In the coming days, the ruling party hopes to announce a new set of so-called positive measures, while... points for three consecutive months so far. Greece’s economic sentiment (ESI) fell by 1 point in April
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Athens plans to use cash buffer to create fiscal leeway for expansionary measures
EconomyProgrammefor debt repayments to the institutions. The amount is the equivalent of 3 percent of GDP (1 percent for each of the coming three years – 2020, 2021 and 2022). The idea set out by Tsipras and Tsakalotos is that, with this money for debt servicing set aside, Greece would be able to achieve primary
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsto the last European Parliament elections in 2014, when it gained 9.39 percent. Two new parties set to elect 1.... Greek Solution was set up in the wake of the Macedonia name deal and appears to have absorbed many
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Mitsotakis promises 'new normality,' lines up tax cuts straight away
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has set out his government’s priorities for the next four years..., Mitsotakis set out what he called “six truths” and focussed on the need for Greece to leave its... be brought down from 5 to 3 percent. He added that companies owing up to 1 million euros would be allowed
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Brussels gives Athens thumbs-up for reforms and budget
EconomyProgramme. This paves the way for the Eurogroup to release the second set of debt relief measures worth 767... by the Greek administration will not set the agreed targets at risk as it is compensated... consistently over recent years. The overall surplus will reach 1 percent of GDP in 2020, in keeping
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BoG urges banks to improve quality of capital, re-doubles SPV efforts
EconomyBanking, the capital adequacy of Greek banks stood at 15.6 percent in Common Equity Tier 1 (CET1), however... banks securitise NPEs. It adds, that it has set up a dedicated team that is improving its existing... investors and more capital that will set banks in a virtuous cycle of dealing with other challenges
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