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Greece drafts reform multi-bill as talks catalyst but fiscal gap lingers
EconomyProgrammeThe Greek Finance Ministry has announced that the government’s new negotiating decided at its first meeting on Monday to draft a multi-bill coding the measures included in the reform list sent by Finance Minister Yanis Varoufakis in late March. This was the first time the Greek government indicated
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Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct
EconomyMacroeconomyGreek household disposable income grew for the second straight quarter by 1.4 percent year on year in the fourth quarter (Q4) of 2014 after an upward revised 1 percent rise in Q3, according... for the Greek households. This mostly reflects a decrease in the first four years since the respective figure
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Parliament Budget Office sees Greece heading for recession on back of uncertainty
EconomyMacroeconomyThe Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing... with best practices already implemented in the EU. The PBO argues that some of the Greek positions
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyby European Commission President Jean-Claude Juncker and Greek Prime Minister Alexis Tsipras on Wednesday... brackets respectively. 3) Extraordinary levy on the 500 most affluent Greek citizens. 4) Increase
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General gov't primary surplus halves in Q1, arrears and guarantees jump
EconomyMacroeconomyliquidity position of Greek banks with extended outflows of 26.8 billion since December coupled with the lift of the waiver (by the ECB as of February 11) of Greek government securities previously used
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Greece seen having older and much smaller population by 2060
Societyexpectancy is projected to increase by seven years to 85, and women’s by six years to 89. Greek.... In the meantime, the participation rates of the 55-74 age group in the Greek labour market
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyThe fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG... plugged into the comprehensive assessment for Greek banks conducted by the ECB last October.
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Signs of siege mentality in gov't dispute with lenders, BoG governor
PoliticsGreek Politicsthat the Greek government believes there is an attempt to undermine the negotiations. It appears... Stournaras’s office, in which the deterioration of the Greek economy since the January 25 elections
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Creditors devise proposal in Berlin, Tsipras prepares ground in Athens
PoliticsGreek Politicsconcessions the Greek side has won and how much it has had to give in on key issues such as pension..., this cannot be enforced by the prime minister as the Greek Constitution allows MPs to hold
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Sharp drop in gg primary surplus by end-April, arrears keep rising
EconomyMacroeconomythe extremely restrained liquidity position of Greek banks with extended outflows of 31.5 billion euros since December coupled with ECB decision to lift the waiver of Greek government securities previously
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