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Coalition hopeful on pensions, looks to maximise impact of limited relief measures
PoliticsGreek Politicsto call off the measure. “I am quite optimistic that pensions won’t be cut,” said Tsakalotos, who... will not be cut and that the compensatory measures will be implemented between 2019 and 2022. It should.... Others have the problem.” Should there be an agreement for pensions not to be cut next year, one
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Parties' competing tax pledges come up against challenging reality
EconomyFeaturesof the Supplementary MoU, the personal tax credit is due to be cut in 2020. However, both SYRIZA and New... plans to cut the SSC, eliminating it for incomes up to 20,000 euros and lowering the rate on most... to cut the base tax rate from 22 percent to 9 percent for annual earnings up to 10,000 euros
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Percentage of people in Greece at risk of poverty rises, tops EU list
Societybe living at risk of poverty. It is worth noting, though, that social spending has been cut considerably... between 2012 and 2013. They are due to be cut from about 17 billion euros this year to just under 14 billion next year – a cut of more than 18 percent. When the element of social exclusion is added
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Most Greeks saw income fall over last year, limiting purchasing power
Societypercent), the latter reflects lower salary. In addition, 38 percent fear an additional income cut... 60 percent of those questioned have cut expenses related to trips and accessories, clothing... an increase as well as by those who cut leisure expenses (60 percent) compared to just 4 percent
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammethe Council of State ruling to reverse the 10 percent wage cut imposed on members of the armed forces...: The first is the solidarity levy imposed on incomes in 2011, with the government proposing a 50 percent cut... in revenues. The second key tax issue is the proposed cut by 20-30 percent in the excise tax
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Here's what's in the 2015 draft budget the Greek government has just unveiled
EconomyMacroeconomyfrom the cut in the excise tax on heating oil by 30 percent as of October. The primary surplus... obligations. In contrast, the 2015 budget includes lower revenues stemming from the cut in the excise... following the reduced excise tax on heating oil, the full impact from the cut in SSCs (effective
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Public admin shrinks by 11 pct during crisis, share of employment stays below EU average
SocietyGreece cut its public administration workforces from 2008 to 2013 by 11 percent according... and the Netherlands, it was far behind the most drastic case of Latvia, where 29 percent of the workforce was cut... of the EU’s 28 member states cut their workforces in public administration, the part of the public sector
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Court ruling on pension cuts could create new problem in talks, fiscal plans
EconomyProgrammethat pensions had already been cut before they were reduced further in 2012. The cost of such a decision... threshold. In particular, for pensions (or sum of pensions) between 1,000 and 1,500 euros the cut was 5 percent, between 1,500 and 2,000 the reduction was 10 percent and for amounts above 2,000 the cut
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Multiple crises fence in Greece
Agoratheir anger by choosing to raise their social security contributions rather than cut existing pensions. However, had he chosen to slash pensions again (they have already been cut 11 times since the beginning... managing director Christine Lagarde has said that if Greece does not cut pensions to meet the programme
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General gov't figures shed more light on course of spending, revenues during crisis
EconomyMacroeconomy’s primary balance has been slashed by 25.5 billion euros, largely reflecting a sharp cut in the annual primary expenditure by 33.26 billion, mostly due to cut in wages and pensions, more than... 49.2 percent of GDP in 2009 to 47.5 percent in 2015. Τhe overall balance has been steadily cut over
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