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Greece faces tight deadline for second set of milestones, first review looms
EconomyProgrammeThe Greek government has until December 11 to complete the implementation of the second set... the implementation of the second set of prior actions and the bank recapitaliaation. The quadriga mission chiefs are due to visit Athens next week to discuss with Greek authorities the second set of milestones
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Review set to resume in Athens as debt talks drag on
PoliticsGreek PoliticsMinistry official, who told local media that discussions on debt relief are set to continue... of capital controls. He also suggested that the set of reforms currently under discussion are only... is set to be realistic. This issue is inextricably tied to debt relief and Lagarde made it clear
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Lenders set out post-MoU framework with aim of securing reforms
EconomyProgrammeDetails of the post-programme framework that is set to be agreed at Thursday’s Eurogroup, ensuring... in Kathimerini and Bloomberg set out the details how the enhanced surveillance will be structured and what... by the end of 2020 and set up at least 240 primary healthcare units during the same period. Centralised
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgramme) programme, last Thursday’s Eurogroup also outlined the set of commitments that the Greek authorities will have to undertake so the complete set of reforms are successfully signed off. Additionally, two... unified pension fund (EFKA) is expected to be fully set up by mid-2020, while reforms in the health care
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Govt brings energy saving to forefront as cost of support set to skyrocket
PoliticsGreek Politicsministers set to meet on September 9 to discuss bloc-wide interventions, the government in Athens... leading up to the TIF announcements, however energy is set to absorb the lion’s share of spending.... Meanwhile, government sources say the PM intends to set the tone by emphasising the unprecedented
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Greece and lenders far apart on foreclosures as housing NPLs keep rising
EconomyProgrammefor the protection of the primary residence with a statutory value (as set for tax purposes) up... relaxed criteria, with the value of the property being set at 250,000 euros for married couples... for protection of the primary residence, while protecting the vulnerable debtor is one of the 49 prior actions
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Compromise emerges on liberalisation of NPL market
EconomyProgramme-residence backed NPLs across all lending categories until the end of 2017 under certain criteria... which a property belonging to an unmarried owner cannot be sold has been set at the so-called objective... will be set at 20,640 euros for a couple with two children. In addition, the borrower should also
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Newsletter 285 - 19/02/2021
extremely wealthy individual or family – to set up shop in the country. The legislation requires... of steps since December 2019 to attract foreign tax residents to the country. The ball was set rolling... the alternative framework to attract pensioners who transfer their tax residence to Greece. The government
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Banks and government inching towards new framework to protect primary homes
EconomyProgrammeTalks between banks and the Greek government on the primary residence protection framework are due... homeowners 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
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Lenders set out 49 milestones for Greece to meet before next bailout tranche
EconomyProgramme. The current set of prior actions involves: 1) Integration into the Unified Auxiliary Insurance Fund (ETEA... percent discount for energy-intensive users. After the completion of the first set of milestones, a second
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