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Parliament's budget office highlights economic challenges beyond bailout
EconomyMacroeconomyThe economic challenges that Greece faces should it conclude the first bailout review with the institutions are outlined in the latest quarterly report of the Parliamentary Budget Office (PBO). The report notes that based on the latest available information, the negotiations with the institutions
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Parliament's budget office sees risks to economic recovery
EconomyMacroeconomyIn its latest quarterly report, the Parliamentary Budget Office (PBO) calls for swift and consistent implementation of the third bailout programme since it concludes there is no alternative route to economic growth. On the labour market reforms that are part of the second programme review
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Greek 2017 budget reveals size and source of extra tax burden
AgoraThe 2017 budget tabled in Parliament on Monday revealed that the bulk of the estimated incremental fiscal performance in 2017 will stem from additional revenues since 2.45 billion of the 2.6 billion in total interventions will be on the revenue side. The Finance Ministry forecasts that five revenue
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Athens launches drive to pre-pay part of IMF loan, bringing budget benefits
EconomyProgramme, which carries an interest of 4.9 percent and the prepayment will save the budget approximately 70
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Budget debate begins as poll highlights opposition's weakness
PoliticsGreek PoliticsThe debate over next year’s budget began in Parliament on Wednesday, ahead of this Sunday’s vote. Although the government is coming under attack over the cost of living and taxation, this political pressure is still not translating into any substantial shift in public opinion. Finance Minister
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Honey, I shrunk the Greeks vol. 2
Agoraon economic activity, hits the budget and so on and so forth. It is the same cycle that has been repeated... claims, you end up with a “subordination risk” where private money is seen as being inferior
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Greece and the euro: The flight of Icarus
Agorathat the 50 billion euros needed to recapitalize Greek banks does not pass onto the national debt would... Mechanism (ESM) – a permanent crisis fund – has been given the green light, stricter budget rules
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Is VAT all you've got?
Agorathat a nightclub drink would soon be about 50 cents cheaper. For the government, though... to slash about 100 million euros from its defense budget. This is roughly how much the country’s
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Why did Greece return to bond markets now? Was it the right decision?
Economyby more than 50 basis points and foreign investor participation in the transactions increased. On top... finances. The yield on the bond means the budget will be saddled with about 140 million euros extra
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Samaras seeks late summer boost from talks with troika in Paris
PoliticsGreek Politicson incomes (imposed in 2011) by 50 percent, cut the excise tax on heating oil (raised to the same level..., such as the budget execution and next year’s fiscal gap. The European Commission, European Central Bank
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