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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammein the future. Labour The third recommendation relates to more ambitious labour, product and service market... flexible labour market framework must be avoided as it would put the potential gains for investment.... On the labour market reforms, the fund suggests that the government should consider repealing
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IMF examines where programme went wrong, what lessons were learnt
EconomyProgrammeby a relatively large and rapid internal devaluation also supported by ambitious labour and product market... remained broadly stable. Reforms Although labour market reforms bore fruit early on with a marked...-instating some of the aspects of the programme even before the EFF was cancelled. Product market
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Newsletter 106 - 10/02/2017
percent. The number of bank employees in the Greek market has dropped by 29 percent, or more than... labour market reforms need to be maintained and not reversed and that the framework for collective..., increasing sharply thereafter to 275 percent in 2060, largely due the anticipated high cost of market
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid... of Greek debt. However, the market rebounded on Friday in the wake of reports of a meeting between Greek... euros this week from 51 million in the previous week. Market news Foreign investors’ inflows stood
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeon Thursday, with the main focus on the out-of-court workout and interventions in the labour market.... On the labour market front, most issues remain open. The government’s two key objectives are to restore... in the tax and pension systems as well as in labour market regulation were highlighted
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Lack of trade-offs for Athens keep deal with creditors out of reach
PoliticsGreek Politicsmeasures. With regard to the labour market, the Greek government has been clear that it would like... percent of the workforce to 10 percent. Athens believes the Greek labour market is already flexible... practices in the labour market, which Athens believes supports its insistence that some rights
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Pause in review talks, leaving most difficult issues to be tackled
EconomyProgrammeweek will focus on pension and labour market reforms. We understand that two key issues... 2018, differences on the counter-measures and the labour market reforms. The institutions... incomes. The sticky issue, where almost zero progress has been made so far, remains labour market
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politics” should be implemented in the Greek labour market, which has undergone substantial deregulation during... (such as energy market liberalisation and privatisations), will be crucial. Energy Minister Giorgos Stathakis... Corporation units as a measure if other efforts to reduce the firm’s market share to below 50 percent
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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammeon labour market reforms is key for the conclusion of the second review. He stressed that claims... in the discussions related to the reduction in the tax-free threshold, but the issues of labour market... that are required. Other open issues also relate to the liberalisation of the electricity market
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Greece, creditors seek progress at Eurogroup on key differences holding up review
EconomyProgramme, labour market, energy and the identification of the counter-measures. On the latter, MoF sources... another source of friction in the talks. The Fund is also adamant about labour market reforms... to lignite and hydroelectric plants and facilitating PPC’s efforts to reduce its market share to below
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