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Debt
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PoliticsGreek Politics
Debt talks to be prime focus after Easter Talks between Greece and its lenders are heading for a brief break over the Easter weekend but are due to resume with some urgency next week, when debt relief is expected to dominate the agenda.
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PoliticsGreek Politics
Debt relief moving to centre stage in programme discussion Comments by International Monetary Fund managing director Christine Lagarde regarding the debt relief that the eurozone will provide Greece have shed further the light on the discussions that lie ahead but also on the form that the domestic political debate will take.
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PoliticsGreek Politics
Squeezed at home, ministers return to Brussels to look for deal with lenders In the absence of the return of the missions to Athens to conclude a technical agreement, Greek ministers are heading to Brussels in a last-minute attempt to rescue the programme review ahead of Friday’s Eurogroup in Malta.
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PoliticsGreek Politics
The scenarios ahead for Greece as review hangs in balance As talks between Greek government officials and the country’s lenders continue in Brussels following Monday’s Eurogroup, Prime Minister Alexis Tsipras can see a clear path to Greece’s exit from the bailout programme and the crisis but, given the obstacles in the way, there is also a good chance that things will not be that straightforward.
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EconomyMacroeconomy
Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders During a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis Stournaras presented the outcome of an exercise conducted by the central bank showing that mild debt relief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2 percent of GDP as of 2021 is consistent with Greece’s debt sustainability.
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EconomyProgramme IMF comments, blog leave no doubt credible debt relief has to be agreed soon Almost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog setting out the Fund’s perspective on dealing with sovereign debt.
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EconomyMacroeconomy
Central government debt rises to 326.4 billion on ESM disbursement Greece’s central government debt Increased by 2.65 billion euros quarter on quarter (QoQ) to 326.36 billion in the fourth quarter (Q4) of 2016 from 323.71 billion in Q3, the Finance Ministry (MoF) debt bulletin showed on Monday.
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PoliticsGreek Politics
Athens waits for Moscovici visit, eyes debt relief and lower volume of measures There was no official response from Athens on Monday to the proposal made by the institutions to the Greek government and it now seems there will be no movement on the issue until European Economic Affairs Commissioner Pierre Moscovici has visited the Greek capital on Wednesday.
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EconomyMacroeconomy
European Commission positive on Greece's macro and fiscal prospects Greece is showing signs of recovery and its economy is expected to strongly rebound as of 2017 if the second programme review is completed, the European Commission (EC) notes in its winter economic forecasts published on Monday.
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PoliticsGreek Politics
Lenders' proposal not yet enough to convince Athens, banish snap poll option Athens did not hide over the weekend its disappointment with the proposal made by the institutions on Friday but still appears focussed on trying to get a deal it considers politically viable.