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Greece: The gathering storm
Agorafor the turbulence ahead. One is that the new Greek government is still on a steep learning curve... partners”. It was just one of several personal jibes from the German minister towards his Greek... with Varoufakis in one room and Schaeuble in another to thrash out a deal before the meeting
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammereforms to be submitted for technical discussions. The Financial Times is one of several publications... respectively, making up more than one-fourth of the cumulative tax arrears. According to the proposed law... departments in order to produce them to one of more public sector departments. The last reform
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The ECB's strict rules apply if you dare not comply
AgoraGreek banks are allowed to hold, one time on Greece's participation in the quantitative easing... stopped accepting Greek government securities as collateral, and one time in respect to the decision... of Outright Monetary Transactions (OMT). Just one week after the announcement - and before the LTRO
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What will be on the agenda for talks between Merkel and Tsipras?
Agorain Brussels, where the most recent one took place on Thursday. It is important to point out..., the choice of Berlin as the location for the meeting is a reasonable one and Merkel’s initiative... headquarters of the European Central Bank (ECB) in Frankfurt. One of the key questions Tsipras will need
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammea best-case scenario the government aims for the next Eurogroup to decide the disbursement of one... and improvements in the collection mechanism. One of the issues the government has committed so far... percent reduction is applied on these VAT rates in the Aegean islands. Privatisations One
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Greece is gasping for a deal
Agorathat the prolonged uncertainty is having on the real economy has gone somewhat unnoticed. One clear effect... ratings by one notch to “CCC+/C”. It estimated that the Greek economy has shrunk by 1 percent over... if one takes into account the ideological opposition within SYRIZA to some of the structural reforms
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The faces change, the issues remain the same
Agorajoy to the news on Monday that one inexperienced economics professor is replacing another... decorum to describe what happened behind closed doors” after the meeting. One unnamed official said... the outcome of the talks. One thing is certain: It won’t be a popularity contest. Nick Malkoutzis
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Moody's downgrades Greek bond rating, sees chances of accident rising
EconomyMoody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1... by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s... with a roughly one in four probability of default over a two-year horizon. According to Moody’s, there are two
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This is how Greece kept its budget on track in Q1
Agorathe pre-election period as well the postponement of the VAT payment by one month had a marked impact..., the marked over-performance in March is to a large extent attributed to one-off or non-recurring... the Hellenic Financial Stability Fund (HFSF) on March 19 and relates to one-off fees Greek banks paid
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Proposed VAT overhaul a stepping stone towards agreement with lenders?
EconomyProgrammeis one of several obstacles to a full deal between the two sides, according to Finance Minister... net impact on budget revenues from the proposed VAT overhaul but one of the measure’s goals... amount when one takes into account that VAT revenues reached 13.6 billion euros in 2014. Since
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