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Tax chief's departure brings coalition revenue plans under scrutiny
PoliticsGreek Politicsdays after Greece returned to international markets sent yields up and forced the Finance Ministry..., Theoharis announced his department’s action plan, which included a stepping up for checks, fines... governments have tended to relax tax collection measures in the build-up to elections. While Theoharis quit
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Coalition adopts court ruling that restores judges' pay, others poised to follow
PoliticsGreek Politicsreturning to the same level as June 2012, when they were slashed by up to around a quarter. The new... the coalition having to come up with as much as 650 million euros. If this amount is to be paid out during 2014... decision was published after the fiscal plan was drawn up. Deputy Finance Minister Christos Staikouras
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EU Task Force sees progress on reforms and structural funds in Greece
EconomyProgramme(IfG) last December, the report acknowledges that an IfG Debt-Sub-Fund for SMEs was set up in May... for exports has been reduced with exporters reporting a decrease in time of up to 50 percent... further decreased the cost of starting up a business and the taxes for transferring property
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Multi-bill passes but coalition's relationship with armed forces and police sours further
PoliticsForeign Policy, leading to supplementary retirement pay being reduced by up to half. The government was already... it to come up with 650 million euros. Unions representing the public servants affected... differences with these two groups, took up their cause on Wednesday. Party leader Alexis Tsipras described
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Worsening EU-Russia ties leave Greek coalition in precarious position
PoliticsForeign Policyin an increasingly difficult position and opened it up to criticism from SYRIZA. Russia’s recent decision..., the funds from the EU are unlikely to make up entirely for the damage done by the embargo. Greece exported.... It underlines the precarious position the coalition finds itself in, trying to live up to its role
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Greek primary cash surplus more than doubles to 2.45 bln at end of August
EconomyMacroeconomyremaining the single highest contributor making up 48 percent of total arrears. Hospitals’ arrears followed... euros, which was broadly the same as July but up 50 percent on the year-end 2013 figure... up about 70 percent of the total gg guarantees. The remaining 30 percent relates to state guarantees
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Growth, recovery, change and other words lost in the wind
Agora, competitiveness, adjustment and relief has plummeted. At home, Greek politicians have shown that they can keep up... makers lining up to tell Greeks they will soon be out of the woods is very long. The list of those... and SYRIZA leader Alexis Tsipras said he believes he can open up 300,000 new positions. None of them
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ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
Economythat this will happen. Greek bank’s ECB funding collateral is made up of state-guaranteed bank bonds (up to 40... of more than 12 billion euros to be made available. A follow-up issue, also related to pillar II bonds
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingin Q2. The QoQ improvement mainly reflects increased net interest income (NII). Higher NII, up 2.3... billion euros, up by 3 billion compared to the reported NPLs of 21.1 billion. Restructured loans stood... improved to 115 percent in Q3 from 119 percent in Q2 with the positive impact from Citibank making up
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Newsletter 3 - 14/11/2014
was tested, the coalition faces a delicate few weeks ahead as it tries to wrap up the current troika... to the state, which now total about 85 billion euros, in up to 100 instalments. The new legislation... allowing taxpayers to pay off their overdue taxes in up to 100 instalments will create an additional
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