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Labour market reforms did exactly what they were supposed to
Agoramoderation and led to higher prices. The wage-bargaining processes set relatively high minimum wage... allow local pay agreements to set wage growth below sectoral agreements and introduce variable pay... sector wages did not stay intact for long. Although the first set of labour market reforms did
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Finance Ministry waits for new property values as talk of bad bank gathers pace
EconomyProgrammerequirement needed to set up such an organisation. Greece’s lenders have not been willing so far to direct... a blueprint on the set-up of national asset management companies (AMCs). The proposals show member states how they can set up national AMCs that are in full compliance with EU banking and State aid
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Multi-bill passed, sub-tranche released but debt relief expectations dwindling
EconomyProgrammelow and the interventions that are due to be announced look set to fall below the bar set... for the last few weeks after being satisfied that Athens has met the targets that had been set... euros. The government is estimated to have already set aside around 6 billion euros
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammehomeowners have to repay each month. It has set aside 150 million euros this year for this purpose... foreclosure is to be set will be between 100,000 and 120,000 euros. The talks are set to continue this week... Commission set to issue its report on February 27, it was made clear at Monday’s Eurogroup that a range
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Government and banks reach deal over new scheme to protect main homes
EconomyProgrammeof the assessed, or “objective,” value of the property will be set at 250,000 euros. Under the Katseli law, the upper limit was set at 280,000 euros. The other main criteria will be the remainder of the mortgage, where the upper level has been set at 130,000 euros. The new system will also include under its
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeis set to agree to the threshold for the maximum deposits an applicant can have being set at 30 percent of the residual mortgage. The maximum level of the residual mortgage was set at 130,000 euros in the government’s original proposal. The report also suggests that Greek authorities are set
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Athens moves ahead with expansionary measures as it waits for lenders' response
EconomyProgrammeThe Greek government is set to find out this week what the institutions think about the package... for each of the coming three years – 2020, 2021 and 2022). The idea set out by Prime Minister Alexis Tsipras and Tsakalotos is that, with this money for debt servicing set aside, Greece would be able
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A campaign that leaves Greece in pain
Agorathe fact that as the ruling party it has the most prominent platform and the biggest duty to set... ended up in such a profound economic and social crisis because the rot set in over many years, well... that derailed the country. They set the bar high but have spent much of the last five years content to pass
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The positives and negatives that will decide Greece's elections
Agora. They are concerned that any complacency which may have set in because of the size of the ND victory... for some time that there are broader themes at play, which look set to play a decisive part... in power, resulting in the third bailout, did not just set the country back, they undermined
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Mitsotakis earns space to govern with big win, Tsipras limits damage
PoliticsGreek PoliticsSolution on 3.7 percent and MeRA25 on 3.48 percent. Far-right Golden Dawn looked set to miss out... for, the result was close to the target that would have been set by Mitsotakis. However... majority in Parliament for New Democracy, which is set to claim 158 of the 300 seats. This means
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