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Pension reform to be one of new government's toughest challenges in next weeks
EconomyProgramme. Note though that the zero-deficit clause has not been implemented yet. 4) Freezing monthly... government has committed to pension-related cost savings of around 0.25 percent in 2015 and 1 percent
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Overhaul of energy market among tasks looming for government
EconomyProgrammeOn top of the fiscal policy measures and pension reforms the new government has to work on in the next few weeks, it also has to meet key deliverables in the energy sector over the coming months as part of its commitments in the third bailout programme. The Greek authorities were initially due
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Economic sentiment rebounds in September after six-month drop
EconomyMacroeconomyJune 2014, when it peaked at 104.2. Since then it has been on a downward trend. August’s reading..., when consumer confidence soared by 18.7 points. Overall, the consumer indicator has decreased
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Greece failed to improve economic competitiveness in 2014, WEF report shows
Economyof the competitiveness pillars showed Greece has gained 3 slots in efficiency enhancers (currently ranked at 62nd... requirements, Greece has a relatively better performance in infrastructure (34th) and health
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Tsipras strengthens grip on SYRIZA, sees more 'open' party
PoliticsGreek PoliticsAlexis Tsipras has begun trying to capitalise on his recent election victory by strengthening his position within SYRIZA and ensuring that, unlike during the previous months, his party pulls... body as well. Five of the secretariat's members belong to the "53" movement, which has so far been
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Seven in ten Greeks overweight, extensive new study indicates
SocietyIt they may be renowned for their healthy Mediterranean diet, the regions of Crete and the Aegean islands have the highest percentage of obese people in Greece, according to a new study that has... in the previous twelve months, while one in ten adults has suffered from the condition. Women are four times
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Budget execution slips in Sept as 3.08 bln primary surplus turns to underperformance
EconomyMacroeconomy, the Finance Ministry has not yet revised the budget execution bulletin targets aligning then with those... billion on August 20, the government has stopped delaying or postponing payments of non-payroll expenses
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Little trouble for Tsipras in multi-bill vote but bigger problems may lurk over revenues chief
PoliticsGreek PoliticsThe omnibus bill containing many of the 49 prior actions the coalition has to fulfill to secure the next sub-tranche of bailout funding passed through Parliament without any major problems on Friday... to the legal charges against her, Tsipras's decision to intervene in the service before any court has
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Tsipras sees political mileage in bill for broadcasting licences
PoliticsGreek PoliticsThe government unveiled on Monday its long-awaited draft legislation for the new broadcasting licence tenders, with the aim of voting the bill through on Saturday. SYRIZA has long pledged to tackle... to the high scepticism among Greeks about their country's media, which has been mostly unregulated
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National Bank reveals capital plan, which includes sale of whole Finansbank stake
EconomyBankingscenario of the stress test. The bank's capital plan has three key pillars aiming to cover total...) of Finansbank in NBG's book stands at 3.4 billion euros, while Finansbank's market cap has climbed to 6.1
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