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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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Tsipras seeks to build political capital from "positive" measures
PoliticsGreek Politicsand New Democracy would be forced to approve each one separately. This underlined that apart from hoping... aims to put the opposition, particularly New Democracy, in as difficult a position as possible. One... bringing to Parliament one by one the measures of the ‘fourth MoU,’ which I dedicate to Mr Mitsotakis
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Tsipras wins confidence vote, has to repeat trick in ballot on name deal
PoliticsGreek PoliticsAgreement. It had been expected that four of To Potami’s six MPs (Danellis being one of them) would... group. As a result, one of the options reportedly being considered is for To Potami to abstain or vote... of the centre-left alliance led by PASOK. It is not clear if Tsipras could then find at least one more
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Newsletter 195 -22/02/2019
surveillance period. One eurozone official told Reuters that the report “is likely to say that Greece has... it has pledged. One of those is the divestment of the Public Power Corporation’s (PPC) lignite units... that one of SYRIZA’s strongest cards has been its argument that it is untainted compared to its
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Bad news
Agora, the local media was correct to lead with this story. There was only one problem: Tsakalotos never said... appearing online in Greece, one site after the other snapped it up, including the country’s largest... the title and the leading paragraphs, while one even suggested that the finance minister’s garbled
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