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Decisive week for Greek programme begins with proposal from Athens
EconomyProgrammeA crucial week for the future of the Greek programme is due to unfold over the next few days as Athens hopes to get the review process moving again based on a proposal to extend the fiscal mechanism.
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Schaeuble presents Athens with stark reality of programme without IMF
PoliticsGreek PoliticsThe Greek government was still pondering the implications of Wolfgang Schaeuble’s comments regarding the possible exclusion of the International Monetary Fund from the country’s programme when the German finance minister struck again on Monday to leave Athens in little doubt that such an option would entail a high risk for Greece.
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Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
EconomyProgrammeIn an interview with Suddeutsche Zeitung, German Finance Minister Wolfgang Schaeuble raised the possibility of the International Monetary Fund not participating in the Greek programme, prompting an immediate – and seemingly eager – response from Athens.
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Athens hopes concessions can secure review breakthrough
PoliticsGreek PoliticsAmid growing indications that Athens is preparing to offer an extension of the fiscal mechanism and concessions on the tax-free threshold and pensions in order to conclude the review, Finance Minister Euclid Tsakalotos and European Economic Affairs Commissioner Pierre Moscovici tried to strike a positive tone following their meeting in Brussels on Thursday.
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After holiday hiatus, Athens tries to get review moving again
EconomyProgrammeWith the date of the return of the institutions’ mission chiefs to Athens still unknown, Greek Finance Minister Euclid Tsakalotos is heading to Paris and Brussels this week to meet with his French counterpart Michel Sapin and European Economic Affairs Commissioner Pierre Moscovici.
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Athens eyes fiscal compromise to complete programme review
PoliticsGreek PoliticsThe start of 2017 also marks the beginning of a new effort by the Greek government to reach an agreement with the institutions that would lead to the conclusion of the second review within the next few weeks.
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Tsipras mixes rhetoric as review conclusion demands political decisions
PoliticsGreek PoliticsPrime Minister Alexis Tsipras continued to issue mixed messages on Wednesday: On the one hand, he defended his decision on the pension bonus despite his government frantic efforts to avoid this delaying short term debt relief, while on the other he insisted that the review could be concluded by the end of January and that talk of snap elections is “nonsense.”
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Poll suggests scepticism about deal with lenders as Tsipras ponders options
PoliticsGreek PoliticsPrime Minister Alexis Tsipras continued to focus on his domestic audience on Tuesday, when he visited Crete to hold a meeting with local farmers, but there is no getting away from the problems facing his government due to the loose ends it has left in its dealings with the institutions.
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Tsipras gets no encouragement from lenders, left to consider next move
PoliticsGreek PoliticsFollowing his meeting with German Chancellor Angela Merkel in Berlin on Friday, Prime Minister Alexis Tsipras has a few days ahead to consider what action he wants to take next in what now looks set to be a prolonged negotiation with lenders over the second review.
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Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek PoliticsPrime Minister Alexis Tsipras heads for talks with German Chancellor Angela Merkel in Berlin on Friday boosted by broad support in Greek Parliament for his controversial pledge for a Christmas bonus to 1.6 million pensioners and knowing that he has put main opposition party New Democracy in a tricky position.