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Having failed to resolve differences, Greece and lenders enter new week of talks
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After calm summer, hectic September lies ahead for Greek government
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Finance Ministry says revenues beat revised target by 105 mln in July
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IMF’s independent evaluation office identifies mistakes and challenges in Greece’s first programme
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Moscovici tries to kill discussion of primary surplus targets as easing of capital controls cleared
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Lenders flag up minimum wage, trade union law among issues to be examined in next review
This is how things stand as bailout talks head for a brief pause
The Greek government and the institutions seem to have reached a consensus on a fiscal gap in the region of 3 percent of GDP for Greece to meet the primary surplus target of 3.5 percent of GDP in 2018. There is also convergence on the type of fiscal interventions required to achieve this target, broadly stemming from pension reform, tax overhaul and a combination of other measures, each fetching 1 percent of GDP.
On pensions, on top of the measures already implemented last summer, which are meant to yield 0.5 percent of GDP, an additional 1 percent is required for the next years. Half of it would be covered by the gradual phasing out of the solidarity grant (EKA...
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