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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyis a particularly thorny one in Greece. “An effective tax system, must generate sufficient revenue... 12.5 percent. One consequence of this was a rise in companies relocating their headquarters... of less than 9,000 euros a year, meaning that they make less than 750 euros a month. Greece is one
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Philip Roth's words of caution
Agorain most cases. One of the few exceptions was The Plot Against America, a counterfactual take... simultaneously: on the one hand, the susceptibility of American individualism to the cult of celebrity... intervention given that one of the reasons why such attacks take place is because personalities
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Coalition survives no-confidence vote over name deal but sees majority trimmed
PoliticsGreek Politicsa no-confidence vote in Parliament but lost one MP in the process. Dimitris Kammenos of ANEL..., which seems unlikely, the coalition’s majority will be reduced by one to just three seats. Given... the country will have “geographical qualifier,” there will not be one for its citizens. New Democracy has
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For better or worse: Greece's bailout exit deja vu
Agorais so bad, how does it compare to the one that they were working towards and were willing to accept.... One option was an Enhanced Conditions Credit Line (ECCL). The other was to use the remaining funds to form a cash buffer and the final choice was to extend the programme by one year. The problem
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Recent study issues warning over ageing population, future pension burden
Societyproductive than a young one, the report stated. Apart from longevity increasing the age of the workforce, reduced fertility will also be a compounding factor as Greece has one of the lowest fertility... has one of the highest projected old-age dependency ratios in the OECD, defined as the number
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Greece's golden visa scheme brings revenues, but risks as well
EconomyFeaturesbe used to launder money or fund corruption. One rumoured practice involves recording an inflated sale..., the most tangible effect has been felt in the rental market. One key factor is the parallel growth... and law firms to offer 250,000 euro “golden visa” packages consisting of one or more properties, designed
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Another austerity fighter to bite the dust
Agoraas a one-size-fits-all austerity recipe imposed on countries receiving assistance (Ireland, Portugal... with this arrangement is that while one can sue their government in national courts, European institutions in European... jurisdiction however does not mean that one wins on the substance of claims as well. The court had
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Greek leaders' contrasting visions all a blur
Agorathat its economic programme requires, might be one of the questions directed at the opposition party... to one appointment for every five departures, use of public-private partnerships, e-governance... will move from the current system to the one proposed by Mitsotakis. Estonia, for instance, uses
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Athens to send draft budget to Brussels after talks with IMF on pensions
EconomyProgrammeand one in which they are not. According to the latest reports, and contrary to earlier coverage... with the pension cuts removed completely. One of the two scenarios in the economic plan – the one... to Naftemporiki newspaper, one of the differences between the draft budget tabled in Greek Parliament
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Pensions spending stable but early retirees burden system
EconomyMacroeconomyindividuals. From the total pension claimants, roughly 1.2 million receive one main pension, 783,491 receive one main and one supplementary pension and around 214,319 also receive an additional dividend.... The government is under pressure to carry out a further one percent of GDP cuts in 2019, but argues that it has
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