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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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Newsletter 235 -17/01/2020
in the upcoming parliamentary vote. This means that she will receive The Prime Minister has managed to set.... The prime minister is set to be less successful in his effort to get the 200 votes needed to change... 0.1 percent in December a year ago. The core index edged up by 0.7 percent in December, from 1
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PM trails switch in tax cuts, admits misstep in approach to migration
PoliticsGreek Politicsthis year. However, this plan is now set to be shelved, with the prime minister saying... to financial news website Euro2day, the government now intends to reduce corporation tax by 1... any decision not to support her candidacy now. As a result Sakellaropoulou is set to receive more
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politicsas “squaring the circle” between what looks set to be a shrunken budget and Greece’s stated aim to keep its...”. With cohesion funding set for a 12 percent cut, securing this will be an uphill struggle, despite..., Denmark and Sweden – are calling for budgets to be limited to 1 percent GDP, while the club of 15
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