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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammesuggests a number of significant debt relief measures including grace extensions until 2040 and maturity extensions until 2070, interest deferrals until 2040, returning of SMP and ANFA profits and locking
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Stocks fall for fifth straight week, edging down 0.8 pct
EconomyThe Greek equity market continued heading south this week, remaining weak until Thursday amid... process. As a result, the Athens Stock Exchange general index, which had dropped by 3.2 percent until... volatile for yet another week. They experienced losses of 10.9 percent until Thursday, when the banking
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Eurogroup agrees return of mission to Athens but key issues unresolved
PoliticsGreek Politicsdays ahead for Tsipras and his government as they will both come under immense pressure until... will not be discussed until a staff-level agreement is reached, the coalition will suffer a lot of criticism (including.... The argument about the package being fiscally neutral is unlikely to get much traction until the nature
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out.... The institutions have prefer to include debt created until the end of June 2016. In addition, the government... euros created until the end of 2015, 34.8 billion are overdue taxes of corporates. Meanwhile
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammepensions will have to be recalibrated according to the new rules until the end of September 2017...) will be frozen until this gap is eliminated through the effect of inflation and GDP growth... lines for the government until recently. The second measure proposed by the IMF relates to a review
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Newsletter 108 - 24/02/2017
and cut existing pensions when, until recently, it had promised it would not do so. The government’s...) unemployment hovered between 50 and 55 percent from 1995 until 2007 before falling to a low of 40.4 percent... that the government would have to transgress the two most prominent red lines it maintained until recently. 2 Current
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeand implemented until 2020. According to government sources, some of its proposals were broadly... threshold and would like the cut in pensions to be implemented gradually until 2025. Finance Ministry... the general government outcome until the end of November 2016. The government expects the primary
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Newsletter 109 - 03/03/2017
deal with the institutions is reached. Until Thursday, the coalition had been vague about... reached 7.7 billion from July 2015 until December 2016. In addition, the repatriation of funds invested in foreign securities from July 2015 until November 2016 stood at 3.1 billion, while
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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammea comprehensive agreement could be clinched until April 7, when finance ministers are due to meet... that if not enough progress has been made until the April 7 Eurogroup, negotiations could be delayed until the next scheduled meeting of finance ministers on May 22. The eurozone official said
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Newsletter 119 - 19/05/2017
) included a table presenting the impact until 2021 of the interventions in the social security funds... reform climbs to 6.58 billion until 2021, when several new measures are taken into consideration... of the Greek authorities, the MoF noted. Until the last phase of the removal of capital controls
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