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Wealth inequality in Greece has grown at faster rate than eurozone peers during crisis
SocietyThe economic crisis has increased wealth inequality in Greece at a much faster pace than in other... increase than the two other countries, Italy and Spain, Credit Suisse considers to have experienced... from 52 to 55.6 percent, which means that in both cases the current total is also lower than
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Greek shares up for the third straight week on strong performance from banks
Economyin a row. The quadriga’s mission chiefs concluded on Friday their 3-day visit to Athens, the first after... the cumulative gains of more than 11 percent over the past three weeks, Greek shares are down 10.7... a trading update for the third quarter (Q3) showing non-performing loan (NPL) formation more than
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammeTsakalotos told reporters after midnight that the government had reached an agreement with the quadriga... property value is set at 230,000 euros and the annual income would be no higher than 13,906 euros... sets of indebted households if the current commercial property value is lower than the initial
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Pension reform wrangle prompts Greece to consider going own way on contributions rise
EconomyProgrammereduction for pensions above a specific threshold, probably higher than 1,000 euros. The Greek authorities... percent for low salary be applied rather than the current 70 percent. The 2016 budget voted... discussions” on the issues of pension and labour market reforms. The quadriga mission chiefs, who
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Doubts over IMF role in Greek bailout becoming source of rising tension
PoliticsGreek Politics, Schaeuble’s comments seem to be prompted by more than just concerns about whether the Washington-based organisation will continue to be part of the quadriga. The German minister expressed concern about....” The Greek reply singled out the German Finance Ministry rather than the country’s government as a whole
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Greece and the IMF: An everlasting love-hate relationship
Agoraissues, the fund is a harder taskmaster than the European lenders. “The fund’s position... intervention in the country’s debt rather than just tinkering around the edges. The fiscal and economic... of the quadriga. In October, Finance Minister Euclid Tsakalotos met with the fund’s managing director
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammethe quadriga heads to return in the first ten days of March. He also confirmed that the estimates of the three... producers with the total new tax and contribution burden standing at lower than current levels... of a symbolic, rather than material fiscal, meaning. In addition, Tsipras stressed that the government
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Cat and mouse: Greece and Schaeuble
Agorahad in mind something completely different than the Greek government. When all the pieces are put... the IMF is demanding (legislation of more than 2 percent of GDP in contingency measures that include... would approve a new deal. Rather than suggesting that Greece’s problems would be over if the IMF
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking. The final price was rumoured to be equivalent to more than 20 percent of the portfolio's nominal value..., and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... by more than 30 billion euros by the end of 2019, so it falls to below 65 billion euros. According
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Foreign minister quits government, heaping pressure on Tsipras
PoliticsGreek Politicstimes over the past few years when he appeared to shape foreign policy based on his beliefs rather than... that the souring of relations with Russia was a route chosen by Kotzias rather than Tsipras. The prime minister... in the months to come than it has been over the previous few years.
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