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evaluation

Greek Civil Servants Boycott Evaluation Process

Public sector employees have refused to cooperate in the evaluation of their performance, as the deadline for the completion of the process expired on Tuesday. According to estimates, the abstention rate was around 70%, while ADEDY –the union representing public...

Greece to Propose Lowering Tax-Free Threshold to Avoid Pension Cuts

Greece is to lower the tax-free threshold for low incomes in order to close the evaluation of the bailout program, a Kathimerini report says. The proposal for lowering the tax-free threshold to incomes of 6,000 euros per year and above...

Greek Government Has 28 Days to Complete 2nd Bailout Program Review

The Greek government will rush to complete the second bailout program evaluation by December 5, when the euro zone finance ministers will convene for the last time in 2016. Prime Minister Alexis Tsipras stressed the issue in the first cabinet meeting...

Greek House Report: Protracted Negotiations Damaged Economy

The Greek government "underestimated" the financial costs of protracting negotiations for "political benefit," reads the report of the Parliamentary Budget Office for the January-March 2016 period. The PBO is an independent authority that monitors the state budget. The first 2016...

Contingency Measures Add Hurdles on Greece-Creditors Agreement

The addition of contingency measures worth 2.7 billion euros creditors require of Greece puts a new hurdle in the bailout review talks, despite the fact there was significant convergence on Thursday. Greece's lenders have asked for the measures to be...

European Central Bank in Line With IMF on Greek Reforms

The European Central Bank is in line with the International Monetary Fund on the need for deep reforms in Greece, ECB executive board member Benoit Coeure said on Tuesday. "We fully agree with the IMF on the need for a...

EU Finance Commissioner: Greek Debt Ease Tied to Bailout Program Evaluation

"It is inevitable to connect the completion of the evaluation, with our commitment to the debt," said European Commissioner for Economic and Financial Affairs Pierre Moscovici speaking to the European Parliament on Monday. The objective is the agreement on the...

Withdrawal of 500 Euro Bill

The Bank of Greece is closely monitoring the safes of Greek citizens after ECB's intention to withdraw the circulation of the 500 euro bill. Bank sources mention that one of the aims of this approach is to return amounts of...

IMF Predicts Difficulties in Greece's Debt Management

The IMF estimates that Greece will face difficulties in the management of her debt by the end of March, according to an article in the German magazine Der Spiegel, with the title "Bankruptcy already in May?" According to the piece...

Greece's Creditors Postpone Bailout Program Evaluation

Creditors have rejected Greece's proposal on security fund reforms, thereby setting further back the date of the evaluation of the progress of the bailout program. "We asked for a cow and they sent us a cat," said a representative of...