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Athens prods EU to resume enlargement process for Western Balkans
PoliticsForeign Policy. “But my message today is clear: In accordance with set criteria, let us offer the integration of all...-EU nations, with their own set of benefits is backed by senior politicians including Charles Michel... by Ukraine and others to set on the path to EU membership. Athens strongly supports the Western
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Government dampens expectations for handouts in PM's speech
PoliticsGreek PoliticsIn less than three weeks, Prime Minister Kyriakos Mitsotakis will attempt to set the tone for his... to set aside between 1.5 and 2 billion euros to allocate to taxpayers via various assistance packages... their pensions were not reduced following the 2016 reform. Instead, this group of pensioners is set
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Opposition lines up motions against government over Tempe
PoliticsGreek PoliticsPressure on the government is set to ratchet up a notch after opposition PASOK announced... on public debt on Wednesday to set out his party’s line of attack against the government, using newly..., with Tassoulas set to be approved by a narrow margin; however, the resurgence of interest in Tempe could
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Government presents rail safety improvements as ex-ministers face possible Tempe inquiry
PoliticsGreek Politicsconference, where Alternate Transport Minister Konstantinos Kyranakis set out a range... identified the improvement of rail safety as an urgent matter for his government. Mitsotakis set 2027... procedure now is for Parliament to hold a vote on whether to set up a preliminary investigation, whose
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Debt relief or debt restructuring for Greece?
Agora) is without precedent in the history of a sovereign debt restructuring exercise.[1] Put otherwise, while... debt dynamics (see graph 1 below) it is a matter of time until this secondary migration process... a combined volume of 240 billion euro. The current programme expires in mid-2014. 1. Who will blink first
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Greece agrees with troika, looks to tranche release and redistribution of surplus
PoliticsGreek Politicseuros will reportedly go towards reducing the country’s debt, 1 billion to reduce state arrears and 500 million will be given as a “social dividend.” The latter mainly involves one-off handouts to 1... contributions by 3.9 percentage points (2.9 for employers and 1 for employees), which will be effective
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A snapshot of Greek banks' ABS as ECB readies for next move
Economybillion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly... by Alpha and Eurobank at 3.6-3.7 billion, while Piraeus figure stands slightly above 1 billion... as collateral of uncovered government-guaranteed bank bonds as of March 1, 2015. These guarantees amounted
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Greek travel receipts rise 9.1 pct in January as surplus doubles
EconomyMacroeconomyGreece's travel receipts rose by 9.1 percent in January, after a modest increase of 1 percent..., up by 1 million compared to the 2014 figure, and direct tourism revenues above the 2014 level... Chairman Andreas Andreadis recently said that the euro’s drop against the US dollar to almost a 1:1
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Greece and lenders fail to bridge their differences in Brussels
PoliticsGreek Politics(roughly 1 percent of GDP) to pensions and another 1.8 billion euros per year to be raised from increases... a change in the VAT rates (6, 11 and 23 percent) with estimated additional revenues of around 1 billion... of the institutions’ demand for incremental revenues of 1.8 billion (1 percent of GDP) from VAT changes
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The key numbers behind the latest Greek proposals
EconomyProgrammewill target net revenue gains of 1 percent of GDP on an annual basis, which is similar to institutions’ proposal. Since the changes are effective as of July 1, the additional revenues correspond to 900 million... permanent savings of 0.25 – 0.5 percent of GDP in 2015 and 1 percent in 2016, in line with the institutions
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