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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgrammeThere appears to have been a breakthrough in the negotiations between Greece and the institutions regarding fiscal issues, which would remove one of the biggest obstacles towards reaching a staff-level agreement on May 24.
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Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammeThe institutions’ mission chiefs are due to begin talks with Greek government officials in Athens on Wednesday with the aim of reaching a staff-level agreement by next week.
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeTechnical discussions between the creditors and the Greek government began in Athens on Monday against a backdrop of continuing disagreements over debt relief and whether Greece needs a precautionary credit line after the programme ends in August.
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammePrime Minister Alexis Tsipras is making a fresh push so his government can progress enough with the fourth review prior actions so there can be a staff-level agreement on May 24, when eurozone finance ministers are due to meet.
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammeThe Greek government remains confident about concluding the fourth review on time and does not intend to attempt to argue with its creditors that the pension cuts lined up for next year should be postponed.
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeGreece’s creditors do not appear to have given up on the hope of completing the fourth review next month even though dozens of prior actions have not been completed.
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammeThe clarity that the Greek government had hoped might emerge from the discussions at the sidelines of the International Monetary Fund Spring Meetings failed to materialise and significant issues relating to the post-programme period will have to be resolved in the coming weeks.
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeAll eyes will be on Friday’s meeting of the so-called Washington Group at the sidelines of the International Monetary Fund’s Spring Meetings, with Athens hoping that the gathering of some of its lenders will provide greater clarity about the upcoming programme exit.
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomyFollowing the publication of its macro estimates in the World Economic Outlook (WEO), the International Monetary Fund issued on Wednesday its latest fiscal estimates in the Fiscal Monitor, where the numbers for Greece for 2017 and 2018 were updated.
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomyThe International Monetary Fund (IMF) issued on Tuesday its latest World Economic Outlook (WEO), updating its forecasts for the Greek economy over the coming years.