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Lenders set to keep coalition waiting for answer on pension cuts
PoliticsGreek Politicsthe draft budget, which the Greek government is due to table in Parliament on October 1 and then send... about whether the 1 percent of GDP reduction in pension spending is still needed or not. The European... eurozone peers when he attends the next Eurogroup on October 1, which coincides with the tabling
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Athens prepares 2019 draft budget amid pension cuts dilemma
EconomyProgrammethe 1 percent of GDP in reductions to pensions that he agreed with the lenders and which... 1 Eurogroup (where Finance Minister Euclid Tsakalotos will have the chance to exchange views on next..., which expected the primary surplus to reach only 1 percent. “Now the IMF says the surplus
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Newsletter 176 -28/09/2018
in Parliament on October 1 and then send to the European Commission, means that a decision by the Eurogroup... the opposition parties, which have scorned the SYRIZA leader’s attempt to cancel the 1 percent of GDP... on the need for additional pension cuts of 1 percent of GDP in 2019, which were legislated but made
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Draft budget contains two scenarios on pensions, charts course within agreed fiscal targets
EconomyMacroeconomythe possibility of pensions not being cut by 1 percent of GDP next year despite the measure being pre... assumptions. Specifically, private consumption growth will be double the initial estimates, growing by 1... in the MTFS assumptions. Private consumption is expected to grow by 1.1 percent, from 1 percent
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CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent..., the last time that the CPI went above 1 percent was in November 2017. The average CPI for the latest... (-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent
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Newsletter 178 -12/10/2018
substantially from a previous 1 percent to 2.5 percent. However, the Fund revise downward its GDP growth... Consumer Price Index (CPI) rose by 1.1 percent in September after an increase of 1 percent in August.... Additionally, the last time that the CPI went above 1 percent was in November 2017. The average CPI
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammethat is along the lines of the draft plan submitted to Greek Parliament on October 1, which includes a scenario in which the 1 percent of GDP in pension cuts agreed with the institutions are applied... on October 1 and the plan that will be sent to Brussels is that the Finance Ministry will detail
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Backpay for civil servants gets "positive" measures rolling for government
Economyof the reduction, which will start from January 1. Government spokesman Dimitris Tzanakopoulos indicated during... of the corporate tax rate. The latter is due to come down from 29 to 28 percent next year and then by 1... that the institutions expect to occur next year if pension spending is not reduced by 1 percent of GDP
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Tsipras talks up 'positive' measures but polls show little impact so far
PoliticsGreek Politicsthat Athens had succeeded in cancelling the 1 percent reduction in pension spending, which was due... of SYRIZA (30.5 percent vs 21.5 percent), which means the gap between the two has narrowed by just 1... grown by 1 point since the company’s last survey in July. The polling company also notes a slight
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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingthat is expected to increase the bank’s capital value by 1 billion euros. The deal will take the form... ordinary shares for every 1 Grivalia ordinary share, while Eurobank shareholders will retain...) and pre-provision income of 1 billion (0.28 euros per share) based on nine-month results. Around 30
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