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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek Politicsor Independent Greeks MPs. In total, Tsipras made nine changes to his cabinet and swapped..., Tsipras fails to ensure more than 120 coalition MPs back the latest set of measures... Ind Greeks 3 Others 7 #Greece — MacroPolis (@MacroPolis_gr) July 18, 2015 Palmos Analysis
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Gov't submits reform plan that raises contributions and cuts future pensions
EconomyProgrammeresult in much higher SSCs for farmers and self-employed. 3) The (new) main pension will comprise... earnings of each employee for the total number of working years after applying a progressive... compared to the current pension system. 8) The upper pension limit is set at 2,300 euros and at 3,070
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BoG outlines steps to economic recovery, updates on banks' asset quality
EconomyMacroeconomy-performing loans (NPLs). The BoG will set high-level operational targets for NPLs applicable as of June... to be implemented in the public administration mostly involving modernisation and de-politicisation. 3..., Greek banks’ Common Equity Tier 1 (CET1) and total capital adequacy ratios reached 18 percent
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First step in TV licensing process completed as controversy continues
PoliticsGreek Politicsin the payment of taxes and social security. A total of four permits for broadcasting nationwide via... means there is substantial competition for the new permits despite the challenging criteria set... told EurActiv.com on July 3 that the infringement proceeding was “not related to the licensing
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Why can't Greece be more like Cyprus?
Agoracontributions in Greece account for 82 percent of the total tax wedge, which is 19 percentage points above... flocking to Cyprus, reportedly in their thousands, to set up shop. There can be no doubt that the tax... voted through 3 percent of GDP in new fiscal measures as part of the third bailout’s first review
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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeaturestransaction, the next issue in July fell short of estimates as the total offers reached 3 billion euros... this year, issuing 5-year bonds with the coupon set at 3.25–3.5 percent. A clarification on the debt
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Athens outlines 2018 debt management plan for post-bailout era
EconomyMacroeconomy5-year note with maturity in 2022. The volume of the transaction was 3 billion euros with a yield... of step up charges from the 2012 debt buy-back as well as the capping of total debt servicing to 15... Monetary Fund. Overall, the debt management strategy in the draft budget reflects the objectives set out
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingconsumer loans and denounced corporate loans. It was also noted that the e-auctions of properties set.... On a yearly basis, NII fell by 3 percent to 1.30 billion. Net fee and commission income rose... for two NPE disposal transactions, one for business and one for consumer loans, of a total NPE on balance
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammepercentage points. The set of measures in last month’s Eurogroup have various benefits for Greece.... Equally importantly, interest rate risks are contained. Only 49 percent of the total debt... in the same horizon. This is based on the assumption of 3 percent nominal growth, 2.2 percent of GDP
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeset on the idea of trying to put next year’s pension cuts on ice, which would also lead... for the second quarter of the year. ELSTAT’s Q2 release is due on September 3. The government will be hoping... of the year, total arrears have fallen by 596 million euros. The original target of settling all
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