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Greece and lenders hold inconclusive talks on tax and pensions
EconomyProgrammeafter three or five years. The bailout commitment calls for a rise in farmers’ tax rate to 20 percent... anything yet.” This confirms the significant gaps that still exist between the two sides and relate to: 1...) to be granted after 20 working years. This means that if the government insists on its initial proposal for 15
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammeby 4 bps for every 1 percentage point decline or rise in the debt ratio, but in any case... GFN to GDP is expected under 10 percent until 2023 and 20 percent until 2040 increasing to 24... on ESM loans to 17 and 20 years for EFSF and Greek Loan Facility (GLF) loans. The second measure relates
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Lenders make proposal to Athens but no immediate breakthrough expected
PoliticsGreek Politicson Friday but it seems unlikely that an agreement will be reached by the Eurogroup on February 20... should pass 1 percent of GDP in new measures (1.8 billion euros) now and another 1 percent should... finance minister noted that the February 20 Eurogroup would simply “take stock” of the review’s
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The gruelling final straight of Greece's bailout
Agora(to the extent this is possible) before it expires on August 20. The problem with the debate about whether...-programme surveillance to be taken by the June 20 Eurogroup. There are, therefore, two distinct... for incomes (worth an amount equal to 1 percent of GDP) has to be implemented in 2019, rather than 2020
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Banks focus on defining challenge of reducing NPEs
EconomyBankingthe NPE balance to under 20 billion euros by 2020, and the NPL balance to under 10 billion euros..., totalling roughly 1 billion euros, which are collateralised. This would bring the total sales... and Piraeus expects to receive in the region of 400 million, which represents 20 percent of the value
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Income and living conditions survey shows persisting inequality
SocietyThis means that the share of income of the wealthiest 20 percent of the population is 6.1 times higher than the share of the income of the poorest 20 percent of the population. To illustrate... the age of 14. The total population’s risk-of-poverty rate was 20.2 percent in 2017, down by 1 percentage
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IMF voices concerns over long-term debt, sees more relief being needed
EconomyProgrammebetween the IMF and the eurozone is 15 percent of GDP in the near-term and 20 percent in the long-term...-term growth cannot exceed 1 percent, and even those assumptions can only be achieved if Greece..., which brings real growth that exceeds 1 percent. In the IMF’s baseline scenerio, although debt-to-GDP
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Mixed picture for government after first day of talks with creditors
EconomyProgrammeand 2020, as had originally been the plan. When the government agreed to legislate in 2017 1 percent... to yield another 1 percent of GDP, in 2020, it did so on the proviso that it would be able to implement... agreed include the base income tax rate dropping from 22 to 20 percent and the scrapping
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Newsletter 175 -21/09/2018
that cutting pension spending by 1 percent of GDP from January, a few months before the general... on October 1 will still contain plans for the pensions to be cut. The discussion about next year’s... from 22 percent to 9 percent, the reduction of corporation tax from 29 percent to 20 percent
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ND mulls next tax cuts as it prepares to unveil new electoral law
PoliticsGreek Politics. In fact, lower income tax rates are due to kick in from January 1. Individuals earning less than 20,000... electronic transactions, which also begins on January 1. From 2020, taxpayers will have to spend 30... that ND is considering not cutting the corporate tax further from 24 to 20 percent in 2020
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