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Newsletter 220 -20/09/2019
in Parliament as soon as it gets the green light form Brussels. The report adds that the government has..., as the main driving force behind what has turned into an emblematic investment for the country..., along with ECB funding rising by 6 million. In the year so far, Eurosystem funding has declined
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Strikes greet labour measures
PoliticsGreek PoliticsYiannis Vroutsis has called the bill a strike in favour of employees and law-abiding employers... highest union body, has complained about the lack of advance consultation, calling the bill... temporary management and unable to declare a strike, it has called on some 150 federations and labour
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankinghas to receive the all clear from DG Comp in Brussels, which is particularly focused on ensuring... there has been no official comment on this from either side, reports on Thursday suggested that the government has decided to give Finance Minister Christos Staikouras oversight of the plan, although
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Athens strives to bridge fiscal gap before unveiling 2020 draft budget
EconomyProgrammeEuropean Economic Affairs Commissioner Pierre Moscovici has given assurances ahead of his visit... recently, is a non-starter. The size of the fiscal gap that Athens has to bridge in the next two weeks... its position. The General Accounting Office now has a full picture of how revenues performed
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Athens sets out debt management strategy for 2020, reopens 10-year bond
Economythe benefits from the record low yields that Greece has been enjoying during the second part of the year..., and falling below 10 billion by the end of 2020. The PDMA has hinted that it would like to lock..., with a yield of 3.9 percent. The bond has rallied since issuance and its latest price yields 1.4 percent
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ND sees budget as evidence of pledges being kept, SYRIZA highlights flaws
PoliticsGreek Politicsintends to live up to the promises it has made to voters. The economic plan includes tax relief... similar proposals in the past. Nevertheless, for the time being the government has achieved its... has minimal impact on growth. SYRIZA also claims that the higher threshold for electronic
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Unemployment edges down to 16.9 pct, below 17 pct for first time since 2011
EconomyMacroeconomyis the first time that the unemployment rate has dropped under 17 percent since May 2011, when the reading... unemployed in September 2013, unemployment has shown a fall of over 40 percent. The overall labour force... fell by 3 percentage points (pps) year-on-year and came to 21 percent. This figure has been
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Building permits increase by 18.5 pct in July
EconomyMacroeconomyby 21.8 percent. Greece’s construction sector has remained subdued in recent years as both private... and the construction downturn began. At 15,325 permits, the total for 2018 has surpassed the total... to the same month last year, construction confidence has fallen by 1.7 points.
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Athens prepares to send draft budget to Brussels, lines up next tax measures
PoliticsGreek PoliticsThe government is hoping to wrap up on Monday the budget negotiations it has been having over..., the government also has to take into account the recent rulings by the Council of State regarding.... The potential fiscal challenges ahead mean that the government has tempered its pledge
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Athens waits for EU action on Turkey and Greece's Balkan neighbours
PoliticsForeign Policyto Turkey or the freezing of certain EU-funds. Turkey’s offensive in Syria has given rise to serious... sanctions against Ankara. “We regard Turkey as an equal. If Turkey has the illusion of being a powerful [state] addressing a powerless interlocutor, it’s making a big mistake,” Dendias has added. EU leaders
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