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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammeon pension reforms relate to the institutions’ demands that the national pension be calculated based
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Notable increase in grants to social security sector leads to budget primary deficit in Nov
Economy. These mainly relate to: 1) Grants to Seamen’s Pension Fund – NAT (at 76 percent of the FY target of 1
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Greek labour market recorded in 2015 second highest net hirings since 2001
EconomyMacroeconomyrelate to full-time contracts, 37.4 percent to part-time and 18.1 percent to shift work.
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ELA funding down by 8.6 bln in Dec for sharpest drop since July
EconomyMacroeconomyto 40 billion at the end of December and relate to the mentioned ESM bonds received as state aid
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Unpaid social security contributions hit 15.35 bln at end of 2015
Economya number of initiatives. The majority of settlements relate to law 4321/2015, which provided
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EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
Economyconsumption rising by 1.8 percent. Potential upside risks to economic growth relate to stronger
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Newsletter 61 - 05/02/2016
) at the moment. Other areas of disagreement on the pension reform relate to the newly introduced
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General gov't primary cash surplus more than doubles to 4.14 bln in 2015, arrears ease to 5.4 bln
EconomyMacroeconomywere zero in 2014. The bulk of the outstanding guarantees relate to ELA guarantees of 45.5 billion
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Budget primary surplus of 1.19 bln in Jan markedly better than target
EconomyMacroeconomythat this year’s costs were burdened by additional expenses of 31 million, of which 20 million relate
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Unresolved pensions issues complicate the fiscal front
EconomyProgrammeat the end of December. Of this amount three quarters relate to main SSCs and the remaining
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