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Pension bill to be unveiled as govt prepared for fifth post-MoU review
PoliticsGreek Politicsthis week and even though the upcoming review is set to be less stressful than previous ones... will have higher growth rates than initially thought. He added that the government has already made... imposed by the Katrougalos law in 2016 on anyone earning more than 1,300 euros per month from
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Public investment under spotlight amid arguments over budget execution
EconomyMacroeconomyinvestment spending appear higher at state budget level than it was. In a statement accompanying... that the Public Investment Budget (PIB) execution last year was better than 2018 because in the previous... general government spending on investments was 3.69 billion euros, which was 800 million euros more than
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Lenders set out key review issues as Athens tables proposals for fiscal space
EconomyProgrammeand backpay for some categories of pensioners who have more than 30 insured years of work. Another... euros turned red during the crisis. The banks are calling for more than 2 billion euros of state... residences. The current scheme is due to expire at the end of April and despite more than 40,000 people
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Govt takes up fiscal requests with EU as pressure over min wage, main homes mounts
Politicsof ANFA and SMP profits for investment rather than just debt servicing and Beyond that, there are two... than banks because they are not weighed down by the lenders’ capital concerns. Minimum wage Another... the minimum wage by 11 pct, more than the panel of experts and the institutions advised, to 650
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Government braces for reaction to pension bill
PoliticsGreek Politicsto the pension system since the crisis began more than a decade ago that would lead to retirement pay rising (at least in some cases) rather than being reduced. This message has fizzled out over the past few... would also have to pay up to 20 percent more than under the Katrougalos law, which linked the level
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Newsletter 242 -06/03/2020
that it expects Greece’s economy to grow by 2.54 percent this year under the baseline scenario, lower than... as mentioned is already lower than the government’s forecast of 2.8 percent. Under the second adverse scenario, GDP growth could come to 1.9 percent in 2020, almost a full percentage point lower than
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Overdue social security contributions edge down to 35.38 bln in Q4
EconomyMacroeconomy) revealed. Until the end of 2016, KEAO was fed by overdue contributions of more than 5,000 euros... of debtors owe less than 15,000 euros each for an aggregate amount of 4.54 billion euros (12.8... to 1.05 billion, higher than the amount for 2016 by 28.4 percent. For 2018, total revenue collection
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More fiscal measures lined up as Covid-19 seen shaving up to 0.9 pts off 2020 growth
Economyin impacted areas that had to close for more than 10 days. The government has also offered to subsidise... to the coronavirus and the migration crisis. Although Alpha notes that Greece is somewhat more protected than other countries because the virus will impact demand more than the supply side, it adds
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Newsletter 244 -20/03/2020
for a one-off, emergency scheme rather than a regular ECB QE programme. Also, the fact that New Democracy has a cash buffer of more than 30 billion euros at its disposal, which it inherited from... measures were taken earlier in Greece than in some other countries and that the number of cases
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Waiting for Eurogroup outcome, ND and SYRIZA focus on economic interventions
PoliticsGreek Politicsthe number of deaths reached 73, which translates into 7 per million. The death rate is higher than some countries in the Balkans, but lower than most in Western Europe. The death rate remaining... percent. This has translated into support for New Democracy reaching more than 40 percent in the opinion
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