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IMF highlights bailout shortcomings in latest admission of programme errors
EconomyProgrammethan one-third, predominantly in low-income countries, included fiscal expansion to support growth... the fiscal adjustments were sharp and less growth-friendly than initially anticipated achieved by cutting
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New overdue taxes rise by 489 mln in Mar, total legacy and new debt at 104.5 bln
EconomyMacroeconomymonths of the year showed that new tax debt totalled 2.64 billion, lower than the figure..., slightly lower than the target of 95 percent. Income tax due fell to 13.81 million from 19.8.
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OECD lowers growth forecast, warns Athens to maintain fiscal credibility
EconomyMacroeconomyis seen at 2.1 percent, slightly lower than the 2.2 percent expected in November last year. Growth... state asset sales, which could attract additional financing are progressing much slower than thought
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Payment plans for overdue debts launched as Athens looks for revenue boost
EconomyProgrammemade, according to reports. In the similar scheme for unpaid taxes, 13,000 applications and more than... reversal than we anticipated,” said the ratings agency in a note. “In particular, repealing
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgrammeestimate will have a fiscal cost of more than 1 percent of GDP in 2019 and beyond. These range from... quarter of 2019. “Tax collection has been weaker than targeted, while key performance indicators
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Unemployment drops to 18.1 pct in March
EconomyMacroeconomythat there were 110,895 more hirings than departures during the month. Compared to April 2018, there were.... In the aggregate period, the employment balance showed 159,775 more hirings than departures. Ergani noted
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammewhere Greek authorities have spent less than initially planned, either by choice or because spending..., that the overall package came to 0.55 percent of GDP. Much of the outlay is seen coming from more than 800 million
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Report exposes fractured and incomplete response to refugees
Societythe tender and recruitment drive, was reclassified as a public sector entity rather than a private... carries a notably higher cost burden than alternatives. With no exit strategy formulated before
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Outright majority in sight for ND as campaign takes detour through recent past
PoliticsGreek Politicsby the PASOK government that succeeded New Democracy in October 2009, rather than mismanagement of public... Democracy stands at 36 percent (one point higher than a week earlier), while backing for SYRIZA remains
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Mitsotakis aims to hit ground running as polls point to clear majority on July 7
PoliticsGreek Politics, the remaining parties would gain no more than 15 seats each. According to MRB, 11.2 percent of those questioned... dominant than New Democracy (33.1 vs 22.5 percent).
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