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Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
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Lenders acknowledge reforms, flag up tricky fiscal path ahead
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![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-small.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
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Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions
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ESM report highlights programme weaknesses, outlines improvements for future bailouts
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Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review
Some progress in first round of talks but most second review issues remain unresolved
Following the first round of discussions on the second programme review, which began on October 21 and concluded last Thursday, Finance Ministry sources claimed significant progress was made on most issues.
None of the labour-related issues were concluded at the follow-up meeting between Labour Minister Giorgos Katrougalos with the institutions’ mission chiefs last Thursday. These mainly involve mass dismissals, the industrial action framework and collecti...
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