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The pension and revenue interventions Greece has to make to meet its 2016 fiscal target
EconomyProgrammewith MEGA TV on Saturday that Greece’s lenders agree on the outline and the structure of the new pension... savings for 2016. A large part were covered by measures that had already been passed, such as July’s.... On top of the fiscal impact of pension reforms on this year’s primary surplus target, the MoF is due
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Pension reform brings painful overhaul in social security contributions for self-employed
EconomyOne of the issues that emerged from the government’s draft plan on pension reform submitted... 1993 (“old insured”). The latter’s annual contributions range between 3,200 euros for lawyers and up to 4,200 euros for engineers and doctors, which broadly correspond to the first insurance grade’s
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Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
EconomyBankingHellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved... on today’s closing price of 12.95 euros. The offer price is higher than the price range of 18.4... been effective from October 1, 2009, involved the management of OLP’s Piers II and III
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Parliament's budget office stresses need for reform, protecting growth prospects
EconomyMacroeconomyconditions following the MoU implementation, particularly reforms. On the government’s plan for overhauling... and financial effectiveness, which has to be adequately justified. The PBO’s initial assessment on the pension..., the government’s plan does not lead to a fair association between contributions and benefits and undermines
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Tsipras caught between social tension and lenders' pressure as talks begin
PoliticsGreek Politicsagainst the coalition’s pension reform proposals are not only expanding but also intensifying, with tractors being used regularly to block roads and highways. Also, ahead of Thursday’s general strike... Minister Alekos Flambouraris (for the second time in recent months) and PASOK’s headquarters
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With bailout review in balance, PASOK's role back in spotlight
PoliticsGreek Politicspolitical space by positioning PASOK on the opposite side of the political spectrum to Mitsotakis’s... alliance. Gennimata’s scepticism towards Mitstotakis has created some friction within her party. She... be interested in joining New Democracy following Mitsotakis’s election. This left the socialists with 16
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Bailout review differences feed speculation about Tsipras turning to elections
PoliticsGreek Politicsabout elections or a referendum will not die down, especially given Tsipras’s track record. In public comments ahead of Wednesday’s cabinet meeting, Tsipras focussed on the benefits that his government... Central Bank’s QE programme, the return of stability to the economy and the banking sector
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Mapping the views of the Greeks
Societytheir country’s involvement with the EU, a divide that the researchers involved in a new, wide... said they regarded Greece’s involvement of the EU it as either “positive” or “rather positive..., there is much less of a division – indeed, it’s almost nonexistent in some areas, even in economic
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammeat the technical level on Greece’s first programme review. The Eurogroup last Thursday gave a mostly... issues. On the same day, Poul Thomsen, Director of the IMF’s European Department, highlighted... compared to those incorporated in the Labour Ministry’s draft plan. Meanwhile, the government has
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Coalition hopes to ride out pension and tax dispute with farmers
PoliticsGreek Politicswith police in several parts of the capital. Apostolou’s comments seemed aimed at giving hope... excise tax. Under the government’s pension proposals, farmers would also have to pay higher social... national highways or protesting in Greece’s cities. At the same time, though, the government is also under
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