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Coalition pledges to demolish illegal buildings following Mati fire
PoliticsGreek Politicsin the next few weeks, he said. Despite demolition verdicts being issued in the past, it has been... the flattening of these buildings is also motivated by the fact it has linked the illegal construction... construction that has marred much of Attica also means that the government can deflect questions about its
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Banks try to build on growing confidence
EconomyBankingat 16.31 billion. Since the start of the year, Eurosystem funding has fallen by approximately 17.37... basis in the first six months of the year. Piraeus Bank has become the second Greek bank..., are expected to bring their ELA funding down to zero this autumn. The reduction in ELA has been
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Reshuffle expected to follow minister's departure in wake of Mati disaster
PoliticsGreek Politicsdeadly wildfire in Mati, for which the death toll has risen to 90. It was confirmed on Friday... that Polakis be removed from his position. The government has struggled to find a coherent way in which... last reshuffle before the next general elections, he has to balance any attempt to freshen up his
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Athens taking more time to consider 2019 measures ahead of budget talks
EconomyProgrammeto announce at the Thessaloniki Expo on September 8 has suffered a setback. Tsipras was meant to have... these plans and it appears that no such decision has been taken so far. The measures in question... in Athens in September to begin talks regarding next year’s budget. The draft version has
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Crisis-era productivity in Greece lowest among OECD countries
EconomyFeaturesreport noted that a concern over recent years has been that many jobs were being created in lower..., Greece lags comparator countries in competitiveness, and has much to do to achieve higher productivity... that Greece’s productivity has been historically low due to a relatively low openness of the economy
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PM stands by Macedonia name deal, Kammenos continues to sow confusion
PoliticsGreek Politicsthat the current government has handed over the right to Greece’s neighbours to call themselves... not clear who will support the deal apart from SYRIZA MPs (145/300). Centrist To Potami has indicated backing but there are doubts whether all of its six MPs will vote in favour. Also, there has been
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Tsipras confident on pension cuts, reticent on snap elections
PoliticsGreek PoliticsAmid renewed speculation about snap elections next year, Prime Minister Alexis Tsipras has insisted.... Kammenos suggested that he might turn his back on the coalition if Greek Parliament has to ratify... of the Thessaloniki Expo, indicated that New Democracy still has a comfortable lead over SYRIZA
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Lenders' visit concludes with no firm answer on pension cuts
EconomyProgrammefurther confirmation that Athens is confident that it has made a convincing case, in fiscal terms... is expected until perhaps the November 5 Eurogroup, after Greece has submitted its draft 2019 budget and before the revised version has to be tabled in Greek Parliament a month later. A number
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammeindicated that Athens has been informed by the institutions that it will not know for sure whether it has to reduce pension spending by 1 percent of GDP in 2019 until December 3. The reason given... agreed in June, if it considers that Athens is not abiding by its agreements. There has been no clear
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Tsakalotos states case on pension cuts in bid to overcome lenders' reluctance
EconomyProgrammesocial safety net has become redundant because Athens is now in a position to spend some of its excess... in 2017. Finally, Athens has put together data showing that cutting pensions now would also be damaging... a bond issue in the coming months. The issue looks set to be decided by November, before Athens has
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