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Newsletter 22 - 03/04/2015
than those on February 18, meaning that the banks cannot cover the emerging funding gap of 700... points in February. This means it is 6 points lower than the recent peak of 102.8 in November... in February. Economic sentiment is now six points lower than the November 2014 peak. Retail turnover down
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PM gears up for communications drive as PASOK marks 50 years
PoliticsGreek Politicsyear, rather than the 0.5 that had been planned. Another 0.5-point drop was due the following year... scheme providing subsidised loans to homeseekers. It will have less stringent criteria than in the first version and be available to a broader range of buyers than before. This is designed
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Will Tsipras ride the waves in 2016?
Agoracontributions rather than cuts to retirement pay but it remains to be seen if the quadriga of lenders agrees... appointed by previous administrations with candidates of its own choice, rather than those who are most... far, Greece’s task in addressing the huge influx of refugees and migrants (more than 800,000
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Pension reform a precarious battleground for Tsipras and Mitsotakis
PoliticsGreek Politicsminister. If it is seen as fairer than the government’s, Mitsotakis stands to gain but if voters regard it as being even tougher than the one on the table now and closer to what the quadriga of lenders... in power. He also urged the merging of pension funds into three organisations, rather than one
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Newsletter 70 - 15/04/2016
are that the Greek government is keen to find a solution and to close the review as soon as possible. Rather than... be less stringent than if the IMF is involved. Also, the tabling of the legislation is not quite... and that MPs would not vote on the draft laws until a staff level agreement has been reached with the quadriga
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Discontent in SYRIZA simmers as Tsipras seeks to conclude talks with creditors
PoliticsGreek Politicsas SYRIZA’s own programme rather than something that is being imposed by Greece’s creditors. One more... than the two previous loan agreements but argue that the policies are still far detached from... the internal or external troika rather than humiliatingly at the hands of [Greek] society itself
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economy. SYRIZA expects that more than 20 billion of unpaid taxes will be incorporated in the settlement... cost of 13.5 billion with its key pillars addressing the humanitarian crisis (2 billion), restoring... on Greece’s fiscal position. The cost of the three pillars is estimated at 13.5 billion, while 3 billion
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Greece failed to improve economic competitiveness in 2014, WEF report shows
Economypresented in the WEF report. This figure is slightly lower than the 22.4 percent showed last year... of the competitiveness pillars showed Greece has gained 3 slots in efficiency enhancers (currently ranked at 62nd... of efficiency enhancers’ pillars showed minor movements from last year with Greece better performing
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Piraeus first Greek bank to repay Pillar II bonds, others to follow
EconomyBankingreceived from banks fees for the use of Pillar II and III bonds of more than 1.4 billion euros... will make it the first Greek bank with zero reliance on any of the three pillars of the capital... no longer relies on any of the three pillars means that the appointment of a representative of the Greek
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammein the draft bill stand up to 3.9 percentage points lower than those initially proposed by the government.... These measures are equally split in three key pillars: Pension reform, personal income tax reform... to the first two pillars. The detailing of the indirect tax measures has not been officially disclosed
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