IMF Greece’s report published on 31. July 2018: With the wildfires tragedy since last week we forgot that we have other issues that are pressing, like Greece’s commitments to the lenders. But a creditor is a cool-headed technocrat who does not get impressed by 92 dead people killed within a …
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Inspectors’ report blames municipality, forestry officials for deadly flash-floods in Mandra
Forestry officials, elected municipal officers and engineers from the private sector share the responsibility for the deadly flash floods that hit western Attica in November 2017, an official report published on Monday said. Twenty-four people died in the floods, that swept through Mandra and devastated the town after torrential rain. …
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IMF: Greece has come a long way but still high unemployment, weak banks, needed reforms
As it prepares to exit the program era, Greece has come a long way in the path of economic recovery. It still faces many challenges: high unemployment, weak banks, and uncompleted reforms, the IMF tweeted on Friday presenting the concluding statement that describes the preliminary findings of IMF staff at …
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Greece has ‘wide disparities’ in standards among its migrant detention centers
The European Committee for the Prevention of Torture (CPT) published preliminary observations on its ad hoc visit to Greece and migrant detention centers there from April 10 to April 19 of this year. As reported by the European Council on Refugees and Exiles (ECRE), the CPT, “confirmed the persisting reality …
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Expats report about living in Greece: Story by Rob Johnson
Can visiting or permanently living in Greece change your life? Do you feel at home here or have problems with the different way of Greek culture? What are the biggest challenges a foreigner has to deal with when on short or long term visit? KTG asked its readers to submit …
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McKinsey report brings down Greece’s PPC stocks
Stocks of Greece Public’s Power Corporation (PPC/DEH) have been targeted by traders in Athens Stock Exchange of Monday, after a report of McKinsey consulting group described PPC as “unsustainable” and warned of “tough conditions the banks want in order to refinance the company’s loans.” PPC shares had recorded losses of …
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Expats report about living in Greece: Story by Lisette
Can visiting or permanently living in Greece change your life? Do you feel at home here or have problems with the different way of Greek culture? What are the biggest challenges a foreigner has to deal with when on short or long term visit? KTG asked its readers to submit …
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Greece’s securities regulator launches audit into Folli Follie vs QCMFund war
The Hellenic Capital Market Commission has launched an independent audit into Greek luxury goods retailer Folli Follie after hedge fund Quintessential Capital Management expressed doubt about the chain’s financial report of last year. The company refutes the claims and threatens with legal action. Greece’s securities regulator HCMC said on Monday …
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Expats report about living in Greece: Story by Rebecca Hall
Can visiting or permanently living in Greece change your life? Do you feel at home here or have problems with the different way of Greek culture? What are the biggest challenges a foreigner has to deal with when on short or long term visit? KTG asked its readers to submit …
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“Greek pensioners’ high ageing rate is reason for main concern,” says EU report
European Commission technocrats must have been in a trolling mood when they wrote the Pensions Adequacy Report 2018. They raise concern about the cuts in pensions and low-pensioners benefits they demanded from Greece to implement in the context of the 3. bailout as “all these provisions are expected to have …
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Expats report about living in Greece: Story by Tony & Tess
Can visiting or permanently living in Greece change your life? Do you feel at home here or have problems with the different way of Greek culture? What are the biggest challenges a foreigner has to deal with when on short or long term visit? KTG asked its readers to submit …
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“Visiting Greece can change your life,” says expat who spent 25 years on a Greek island
In the spring of 1988, the lead singer of a US band along with five jazz musicians landed in Athens airport, following a short-term contract on board of a cruise ship. When the shipping company went bust due to financial problems, the 35-year-old singer did not followed her colleagues back …
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Greek tax offices seize more than 1.72million bank accounts in 2017
Greek tax offices have seized more than than 1.72 million bank accounts in 2017, that is 12 percent more than 2016, the Independent Public Revenues Authority AADE said in a statement on Monday. The average must have been 700 seizures per working day…. in a country with a population of …
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IMF: Greece is high-risk state, should pay double contributions to EU Fund
“As a high-risk state, Greece should even pay more than twice the fixed contributions to a future European Financial Mechanism Fund,” the International Monetary Fund said in a report released on Monday. But if this mechanism existed in the years of the crisis, Greece would receive much more money (as …
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OECD Greece report: High taxes and almost nonexistent benefits
Over taxation of low and medium incomes, low wages, non existing benefits, a poor education system: these are the key words in chapter “Greece” as presented by the Organization for Economic Cooperation and Development (OECD) in its Going for Growth 2018 report beginning of the week. the international organization takes …
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Three Greek motorways cost €1.2billion more than they should, EU Auditors report
Construction of three motorways in Greece cost 1.2 billion euros more than it should. Furthermore the projects were poorly planned and significantly delayed, a report by the European Court of Auditors on public-private partnerships (PPPs) has found. The EU Auditors examined construction projects in four EU member states, that is …
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Misery for Refugee Women and Girls in Greece’s islands migration centers
“Refugee women and children face heightened risk of sexual violence amid tensions and overcrowding at reception facilities on Greek islands.” This is the alarming title of the report published Friday by the United Nations High Commissioner for Refugees (UNHCR), expressing grave concerns for the safety of women and children in …
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Greece to regulate online gambling market with juicy tax and ambitious revenues target
After the regulation of TV licenses, Greece is trying to regulate the online gambling landscape. A new government-commissioned study has suggested Greece stick with its controversial plan to impose a 35% tax on online gambling revenue. There are signs that Greece is getting serious about collecting some online gambling revenue …
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Greece is second on Lost Wealth List for the decade 2007-2017
Greece comes second only to Venezuela on a recent list of countries that have seen their fortunes change dramatically in the decade from 2007 to 2017. The annual report for 2017 by South Africa-based research company New World Wealth found that Venezuela saw its wealth in US dollars shrink 48 …
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EU Commission report suggests Greece may have to implement austerity measures a year earlier than 2020
A draft report prepared by the European Commission on Greece’s compliance with the bailout agreement requirements and the sustainability of the Greek debt, suggests that Greece would have to implement some austerity measures originally scheduled for 2020 a year earlier. This would happen if creditors see that the primary surplus …
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