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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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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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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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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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