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Gov't lowers tax-free threshold, prepares for third pillar of measures worth 1 pct of GDP
EconomyProgramme, the tax-free threshold for families with two children is set at 9,090 euros. It remains unchanged...) are reportedly envisaged from a series of measures including: Cut in military expenditure and state
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Determined talk from Tsipras as negotiations with lenders move closer
PoliticsGreek PoliticsIn his first printed press interview for several weeks, Prime Minister Alexis Tsipras appears to have raised the stakes ahead of negotiations with the country’s lenders resuming. In clear-cut... for Tsipras to set out measures aimed at lifting the mood and giving the impression that the tide
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Greece's harsh social reality
Agoraseverely cut, taxation kept increasing and disposable incomes were abruptly reduced. Large parts... current income is compared to the poverty threshold set in 2005. When measured that way
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Greek government faces hard labour dilemma
PoliticsGreek PoliticsIn the 14 months since signing Greece’s third bailout, Prime Minister Alexis Tsipras has stuck to a punishing schedule of unpopular changes. Taxes are higher, pensions were cut while contributions... Monetary Fund. It would see unions and employers resume negotiated agreements to set the minimum wage
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Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall
EconomyMacroeconomy. Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also... set the ELA ceiling for Greek banks at 50.7 billion on December 8, which stands 40.3 billion lower
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Why can't Greece be more like Cyprus?
Agoraflocking to Cyprus, reportedly in their thousands, to set up shop. There can be no doubt that the tax... of who is in power in Greece, the prospect of finding 400 million euros or more to cut from the budget
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepension, which is a fixed amount set at 384 euros for 20 years of contributions, and the contributory... eliminated. This would correspond to 15–20 percent cut in the existing main pensions on average
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgramme, loss of competitiveness and external imbalances. The assessment made by the ESM is based on a set... the 25 percent worst-performers are assigned the score 1 (most vulnerable). To identify the cut-off
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Tsipras clears hurdle but isn't over finishing line
Agora, but he now finds himself having to cut it by around 3,000 euros to around 5,600 euros. Tsipras had..., is cushioned to some extent by the agreement between Athens and the creditors for a set
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Court ruling on pension cuts more political problem than legal obstacle for govt
PoliticsGreek Politicson Human Rights. Some reports suggested that the judges had deemed the cut to also run contrary... decision falls into a grey area. The precedent set during similar situations in previous years means
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