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Athens ticking off prior actions one by one as EU keeps close watch
PoliticsGreek Politicsto visit Greece and check on the government’s progress in completing the tasks it has been set... actions set out in the bailout and preparing the ground for other major reforms, such as an overhaul... with a statutory value (as set for tax purposes) up to 300,000 euros for a single person, 375,000 euros
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Newsletter 52 - 20/11/2015
passed the omnibus bill containing the last set of prior actions to unlock the next sub-tranche of 2... into the Unified Auxiliary Insurance Fund (ETEA). The first set of new pension measures would reportedly target... or included in the second set of prior actions. Harder and more painful, the second set of measures
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Clock ticks on bailout review but big gaps remain between Greece, lenders
EconomyProgrammethat put the fiscal outcome of this year at risk. The first set of measures includes: a) imposition... delayed and it is not yet known when or if the tax will be implemented. The second set of suggested...) and other – as yet unspecified - revenue measures (110 million). The last set relates to cost savings
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Tsipras in Brussels prep for Obama trip
PoliticsGreek PoliticsAngela Merkel. The one-on-ones were set up as the European Union worries in private but publicly ignores... warmed to the subject in recent weeks. The national debt is set to hit a massive 315 billion euros... of low interest repayment rates set by creditors. If the talks in Brussels go well, the government
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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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Greek leaders' contrasting visions all a blur
Agoraforth from SYRIZA, New Democracy and their supporters, the party’s two leaders have set out... be a shame under any circumstances, but especially as Greek leaders have started to set out plans... a three-pillar system that was reformed in 2017 and the transition period for the first pillar was set
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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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