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Greece watches closely as Turkey prepares for referendum
PoliticsForeign Policy. The last time Turkey adopted a common, "national stance" towards Greece was 22 years ago, on June 8... Greece (casus belli) if it extends its territorial waters in the Aegean from 6 to 12 nautical miles..." as most islets claimed by Ankara are located within 6 and 12 nautical miles. The demilitarisation
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomyof other revenue, a slight rise of 6 million euros was seen, taking the total to 846 million... by SSFs (+15 million) and state budget (+8 million). Declines were seen in tax refunds (-118 million), hospitals (-13 million) and extrabudgetary funds (-6 million). Since the start of the year, total
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgrammethat the institutions have asked for the abolition of the new solidarity levy rate of 8 percent... levy rate was set at 6 percent. The institutions are also asking the government to adopt legislation... retirement age limits would be gradually adjusted by 6 months until 2022. Throughout the adjustment
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammesector (8 billion). 4) Payment of EFSM bridge loan (7 billion). 5) Unwinding of repo operations (3.5... for the state to cover part of its financing needs. 6) Debt amortization to the Bank of Greece - BoG... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgramme(from 11 percent) and for annual income above 12,000 euros to 35 percent (from 33 percent). 6) Increase.... 7) Better target eligibility to halve heating oil subsidies in 2016 budget. 8) Permanently reduce... retirements, on top of the current annual penalty of 6 percent. 4) The harmonisation of contribution
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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgrammein health contributions for pensioners from 4 to 6 percent for main pension and from zero to 6... retirements, on top of the current annual penalty of 6 percent. 4) The harmonisation of contribution... by reducing benefits or increasing contributions in specific funds. 6) The harmonisation of contribution
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Greece gets tranche and looks ahead to next tasks, including pensions and NPLs
EconomyProgrammesecured by the increase in the health care contributions for pensioners from 4 to 6 percent for main pensions and from 0 to 6 percent for supplementary pensions, with targeted annual revenues of 854 million... consolidation of main pension funds, average cut in supplementary pensions by 6 percent due
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Ionian expansion raises questions about Aegean as Athens talks with Tirana
PoliticsForeign Policyfrom 6 nautical miles to 12 in areas south of the island of Crete, demarcated in the country’s... of the Convention on the Law of the Sea. The extension involves extending Greece’s territorial waters from 6... from 3 to 6 nautical miles that the country is doubling its maritime space to 12 nautical miles
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European Commission review of Greek programme: The key points
EconomyProgrammediscovered tax refund arrears would be cleared in 2015 on top of the 8 billion originally foreseen... and local governments. Furthermore, out of the 8 billion euros of past years’ arrears due to be paid last... of a joint ministerial action plan for integration of debt collections to tax administration and 6) adoption
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Loan rates rebounded in July, deposit rates continued heading south
EconomyMacroeconomynarrowed by 6 bps to 1.45 percent in July from 1.51 percent in June, with the year to date drop... exhibited a marked rise of 8 up to 35 bps. In contrast, lending rates to sole proprietors marginally... almost 2 percentage points above those in the euro area. The combination of a 6 percent drop
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