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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeon the five islands. The savings are set to come from reductions to the defence budget. Tsakalotos also had to commit that the VAT rate will be raised from January 1, 2019 on Chios, Kos, Leros, Lesvos... to reduce pension spending by 1 percent of GDP or whether it will be able to avoid the cuts, a number
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For better or worse: Greece's bailout exit deja vu
Agorato 2060 set by Greece’s lenders has not been achieved by anyone before and needs to be reconsidered... of pensions spending by 1 percent of GDP and collecting more revenues, also worth 1 percent of GDP
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeof the compensatory measures that have been agreed with the lenders in return for implementing 1 percent... to be tabled by October 1 so that its review by EU authorities can begin under the terms of the European... set on the idea of trying to put next year’s pension cuts on ice, which would also lead
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Recent study issues warning over ageing population, future pension burden
Societyby Professor Savas Robolis and PhD student Vassilis Betsis, showed that an ageing workforce is set to throw... today to 1.4 million under an optimistic scenario and 1 million in an adverse scenario, by 2050... to retirees is 1.3 workers to 1 pensioner, with 3.6 million workers paying contributions to the pensions
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammearguments that the Greek government is hoping will help convince the institutions to allow the 1... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has... budget due to be tabled to the House on October 1 will still contain plans for the pensions to be cut.
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Question mark over pension cuts in 2019 draft budget as Athens looks to lenders
EconomyProgrammeYork, that the 1 percent of GDP in pension spending reductions would not be included in the draft... that the final version of the economic plan can be readied in mid-November. Athens is set to include... workers and for there to be a 1 percent reduction on contributions for auxiliary pensions.
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Newsletter 177 -05/10/2018
was set,” added Centeno in reference to Athens agreeing to reduce pension spending by 1 percent of GDP... social spending, were due to be implemented in just 2019 and 2020, balancing for the 1 percent
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Newsletter 179 -19/10/2018
of so-called “secret funds” by some ministries. These are funds that are set aside for use... pension cuts of 1 percent in GDP. One of the two scenarios in the economic plan – the one... of the differences between the draft budget tabled in Greek Parliament on October 1 and the plan sent
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBanking(APS), which will use state guarantees. The set-up is described as being similar to the scheme..., approximately 1 billion will appear on the bank's balance sheet. The sale is part of Eurobank's plan to reduce... for the sale of the portfolios which are collateralised against real estate with an on-book value of 1
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Newsletter 183 -16/11/2018
of GDP primary surplus target in 2019 even if does not go ahead with the 1 percent of GDP reduction... Protection Scheme (APS), which will use state guarantees. The set-up is described as being similar..., apartment prices rose by 1 percent, gaining slightly on the previous quarter-on-quarter rise of 0.8
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