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Newsletter 30 - 12/06/2015
warned that there could soon be no way back for Greece as it hurtles to the point where it will default... and by deeming this unacceptable, SYRIZA set the pain threshold much lower. The problem, though... of poor strategy and false expectations have led Tsipras to the point where even proposals
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Government sceptical about deal with lenders, PM with convincing to do
PoliticsGreek Politicsto austerity. But it will be able to point to the fact that it convinced lenders to drop demands for further labour market liberalisation and to decrease primary surplus targets. It will also point... of some of the 11 billion euros set aside for bank recapitalisation, which is currently being held
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Which way now, Mr Tsipras?
Agoraagainst the first set of prior actions demanded by lenders or whether he will commit exclusively... for Evangelos Venizelos to reject it. Given that Tsipras admits he knew from that point onwards... the eurozone’s veins, perhaps not claiming an immediate victim but at some point someone will succumb
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Portuguese election: Where those who lost may decide
Agorarate in Portugal will drop this year almost 1 point compared to April estimates, although growth... gradually some of the cuts in the next 4 years). Several political analysts also point out other.... It set out three pre-conditions to any dialogue taking place with the socialists but PS has not answered
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Now comes the really hard part
Agorabefore the impact of the latest set of fiscal measures was felt by the average voter. In many ways... plan will not be known for a few weeks yet, but all indications point to anyone retiring... months. What Tsipras has to ask himself is if that endurance will last or whether breaking point
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EU-Turkey refugee agreement: A life saver or a dud?
Agorathe majority of Turks want. On this point, the Europeans have little, if any, leverage over Erdogan... set a very negative precedent, which could see the EU locked into tacitly, or even directly... given that the Greek leader made the point about Turkish incursions into his country’s air space
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Gov't hits back as pension reform row heats up
EconomyProgrammeThe government has hit back in the public relations battle over its proposed pension reforms by trying to rebut criticism from New Democracy point-by-point. After verbal rebuttals by key government... set out that the pension cost should not increase by more than 2.5 percentage points of GDP by 2060
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Programme review talks continue, progress on tax, pensions and NPLs at a premium
EconomyProgrammeindications also point to a unified tax scale for salary-earners, pensioners and the self-employed... for a 1.5 percentage point increase in the relevant social security contributions to cover the gap.... This ceiling was reportedly set at 500,000 euros for SME loans, at 250,000 euros for loans to self
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Greece's harsh social reality
Agoraclose to 28 percent at one point have been widely and repeatedly reported as Greece has struggled... current income is compared to the poverty threshold set in 2005. When measured that way... point to below 10 percent. The drop in spending across all categories has been precipitous since 2008
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Cyprus talks rolling again but Athens seems sceptical
PoliticsForeign Policyframework set by the UN, as time goes by with no real progress scepticism about whether a solution.... Nevertheless, analysts point out that both leaders’ behaviour during the last two months provoked..., Turkey’s position will not really change. They also point out that if Recep Tayyip Erdogan wins
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