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Athens rushing to reduce arrears and secure 800 mln in bailout funds
EconomyMacroeconomyin July. Up to September this year, the Finance Ministry had transferred for this purpose a total... (up to the end of July) 736 million of arrears have been paid out from a total 1.25 billion of funds released in 2017 for this purpose up to September. Greece has committed to clearing all arrears
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Wolfgang at the door
Agorais that sticking to the rules builds up trust,” Schaeuble told the FT. “That’s the reason that domestic demand... of austerity measures should be reduced. “Keep up or get out” seemed to be the message throughout the last... that built up trust and generated growth. And I would argue with anyone — even more strongly now after eight
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Tsipras sets off for USA as prior actions, e-auctions dominate at home
PoliticsGreek Politicsthe possibility of the pension cuts and the tax-free threshold reduction lined up for 2019 and 2020 being... trepidation as it sees such demands as the greatest threat to holding up the review, which it would... December. The government and Greek banks have come under pressure from the institutions to speed up
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Opposition parties seek renewal as Tsipras visits Washington
PoliticsGreek Politicsto live up to his promise to bring technocrats into policy-making and include them in his government... team came a few days after Mitsotakis shook up his press office, bringing in new faces... whether Tsipras is living up to his bailout commitments and if the government is imposing too many
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Tsipras returns from US with positive sentiment but absence of tangible results
PoliticsForeign Policyas the government hopes to wrap up the review and focus on the build-up to the exit from the programme in August... there was an agreement to set up a joint team at the Greek Economy Ministry and the US Commerce
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Industrial turnover remains on growth path with 6.1 pct rise in Aug
EconomyMacroeconomyfor the year. Double-digit rises over the preceding months pushed the 12-month trailing index up by 12.2.... On the other hand, energy turnover improved by 4 percent, intermediate goods were up by 15.1 percent and consumer non-durables up by 2.9 percent. A more detailed breakdown revealed that the most significant
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Overdue social security debt reaches 30.5 bln in Q3 on consolidation of debtors
EconomyMacroeconomyof the third quarter (Q3) of 2017, up from 23.32 billion at the end of the previous quarter, a bulletin... initiative (law 4321/2015) that provided for the payment of overdue SSCs in up to 100 installments... that revenue collection in 2016 stood at 820.2 million, up by around 30 percent from 2015 and beat
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Sub-tranche released but PPC poses key challenge in review
EconomyProgrammeAvgi newspaper claimed that up to 800 million euros may be paid out to recipients of the social... ones if they are not up to date with their payroll obligations. The new rules are due to come... up to 6 months of salaries owed. The changes agreed with the institutions last week are designed
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Tsakalotos stands ground on taxes, finalises social dividend plan
PoliticsGreek Politicsup by 300 million euros that were earmarked for health and education in the 2017 budget. Another 800 million euros from the surplus will be used to build up the cash buffer that the coalition wants... to have 12-15 billion euros set aside to back up its position. Credit line Earlier, government
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Tsipras rallies MPs, marks dividing lines with opposition
PoliticsGreek PoliticsPrime Minister Alexis Tsipras stepped up on Wednesday his effort to put distance between SYRIZA... that the third review would be wrapped up without the need for any extra fiscal measures. He also... paid up to 6 months of backpay. This also ties in with another important part of the message
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