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Delay to final tranche over island VAT as lenders quash talk of pension cut reversal
EconomyProgrammeThe final disbursement of Greece’s third programme has been delayed for a few days after Germany... Stability Mechanism’s (ESM) board of governors that Berlin had asked for the 15-billion-euro... the VAT rate on five islands,” said ESM managing director Klaus Regling after Thursday’s meetings
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Foreign minister quits government, heaping pressure on Tsipras
PoliticsGreek PoliticsOne of the government’s most high-profile figures, Foreign Minister Nikos Kotzias, resigned... prefer the spotlight to be on his government’s latest initiatives on the economic front instead... Minister Panos Kammenos. The two had clashed before as a result of the latter’s opposition
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Athens and lenders search for budget compromise by Thursday's EWG
EconomyProgrammeGreece and the European institutions appear to be just days away from a compromise over next year’s... and implement 765 million euros in “positive” measures, while also achieving next year’s primary surplus target of 3.5 percent of GDP. Scholz’s approval is seen as key not just because it will help secure
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Getting to the church on time
Agorahours of Tsipras and Ieronymos appearing on TV, it became clear that the government’s focus... allow the government to make 10,000 new civil service hirings as it agreed with Greece’s lenders... leftist audience that he is staying true to at least some of SYRIZA’s principles, such as reining
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What Greece imports and why
EconomyFeaturesIt’s a point that is often touched upon regarding the makeup of Greece’s economy that the country... happened next with imports and exports was a clear manifestation of the crisis. Greece’s trade... more complex once the nature of imports is looked at. Import markets The profile of the country’s
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Newsletter 196 -01/03/2019
since Greece exited its bailout – set out nine aspects of the Greek proposal that the country’s... secretaries at the IAPR. Finally, the divestiture of the Public Power Corporation’s (PPC) lignite... to zero, has met structural obstacles. The institutions also appear sceptical over the government’s
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Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
EconomyMoody’s upgraded Greece’s credit rating by two notches on Friday, taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from positive. Contrary to expectations in September, Moody’s did... cuts. At ‘B1,’ Moody’s now is on par with S&P at the ‘B+’ equivalent, both a notch behind Fitch at ‘BB
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Parliamentary report highlights demographics challenge and urges immediate action
SocietyGreece’s problematic demographic makeup has once again emerged as a dominant story in the Greek press as concern grows over how falling fertility rates will shape the country’s economic and social... this week raised further as it noted that the country’s fertility rate stood at 1.24 children per
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Name protests, scandal allegations inflame SYRIZA-ND rivalry
PoliticsGreek PoliticsThe week began in true pre-election manner, with SYRIZA and New Democracy at each other’s throats over a range of issues. The tension between Greece’s two main parties had been building up over... as an adviser to the Prime Minister’s Office for a brief period. The reports claimed that as part
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Newsletter 201 -21/04/2019
lenders Greece clinched on Friday the Eurogroup’s approval for the next round of debt relief...) to pay off some of Greece’s International Monetary Fund (IMF) loans before they mature. Greece..., approved last month by Greek Parliament, seems to broadly satisfy Greece’s official creditors
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