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Greece is gasping for a deal
Agorathat Greece had to pay back to the IMF in March. Each of these payments brings relief that a possible... in to the cash reserves of several general government bodies to pay its debt obligations, which include... has been that in order to pay salaries, pensions and lenders, the government has held back
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As Greek deadline looms, this is how the next days could play out
EconomyProgramme. On that date Greece has to pay 1.55 billion euros to the International Monetary Fund due to the bundling... pay the IMF, it is unclear at the moment which of them could be available on that critical date... Liquidity Assistance (ELA). The Greek government also needs to pay wages and pensions at the end
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Referendum call stretches state liquidity, pensioners first to bear the brunt
EconomyProgrammewill open for three days starting from Wednesday to pay pensioners without cash cards. However.... The second largest pension fund - self employed (OAEE) - said it was not able to pay in full pensions... amount is due to paid at the end of this month. On top of pensions, the government has to pay the first
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Cabinet act firms up details of CoCos issuance by Greek banks
Economynot pay the annual coupon in two anniversaries, not necessarily consecutive. CoCos holders do not have... is at the discretion of the bank’s BoD, which may also decide to pay the coupon in the form of common shares... bank share price. If a bank decides not to pay the annual coupon on CoCos, then it is obliged
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SYRIZA fails to make any friends with new public sector wage grid
PoliticsGreek Politicsof a total of 567,000 civil servants receiving pay rises of between 15 and 80 euros, spread out over... that this was not the major intervention in public sector pay that SYRIZA had hoped to make “but it stops... pay increases. The government has failed to convince the public sector workers’ union ADEDY that its
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammelevies on pay TV and on bank cheques or bank transactions. Personal income tax A new unified tax... percent of self-employed with income below 32,000 euros would pay lower income tax with the new tax... retirement pay amount exceeds 1,300 euros, rise in contributions for supplementary pensions by 1
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Newsletter 88 - 16/09/2016
of companies are due to pay a higher property tax for this year. The breakdown for individuals showed more than 80 percent are due to pay a tax of less than 500 euros which, added up, corresponds to one-third.... The last bracket includes 1.8 percent of individuals with very large properties who are due to pay
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammeGreece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... Greece is obliged to pay back to the European Stability Mechanism (ESM) 1.6 billion euros
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ECB survey shows enduring preference for cash payments in Greece
EconomyFeaturesother country surveyed to pay electricity bills in cash (56 percent). Around 85 percent of Greeks... choose to pay with, given the choice. When asked to pick between the various payment methods offered in a shop, 43 percent said that they would choose cash, 39 percent said they would pay by card
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Self-employed paying less for social security contributions, Labour ministry reports
EconomyFeaturesData from the Labour Ministry has shown that a higher percentage of non-salaried workers will pay... percent of farmers will pay the minimum contribution of 95 euros (89 percent in 2017), due to the fact.... The number of self-employed persons obliged to pay social security contributions rose by 23,588
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