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Tsipras and Mitsotakis gear up for economy pledges, with eyes on fiscal targets
PoliticsGreek PoliticsAs Alexis Tsipras finalises his speech for the Thessaloniki Expo (DETH) on Saturday, his government is fending off accusations that the prime minister is preparing to make pre-election handouts and insists that any pledges made will be within the fiscal targets Greece has agreed with its lenders
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Newsletter 357 - 04/11/2022
PoliticsOpposition launches new attacks over surveillance, cronyismThe government found itself this week fending off more unwanted attention regarding the surveillance scandal, a matter New Democracy hoped had been put to bed following the inconclusive parliamentary inquiry into the bugging
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Opposition front against new President Tasoulas not sufficient to unite left
PoliticsGreek Politicsfor SYRIZA, Giorgos Karameros said the PM was too preoccupied with fending off opposition attacks over
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EC report analyses state of play with privatisations as HELPE hits obstacle
EconomyFeaturesday that the EC released its document, it emerged that no binding offers had been received... with Algeria’s Sonatrach after they were shortlisted for the tender. However, in the event, no binding bids... in the international environment that affect the consortia, there were no binding offers submitted
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Greek current account deficit rises to 709 mln in February
EconomyMacroeconomyin resident’s investment in foreign T-Bills and a decline in non-resident’s holdings of Greek government... with the funding ability of export-oriented companies as well as the widening of the tourist base to the new
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Greece lays out plans for debt relief from eurozone
EconomyProgrammeis annual floating based on EFSF funding costs. In addition, the maturity of the 139.9 billion of EFSF..., corresponding to 23.7 percent of total debt. Of this amount, 27.7 billion relate to Eurosystem holdings
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Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds
Economy(PDMA) offers repos to cover short-term funding gaps. Since Q1 2014 repos have been one of the key... and roll-over of foreign investors’ T-Bill holdings. The outstanding amount of state guarantees, excluding
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Budget primary surplus at 1.51 bln end-May, revenues fall short by 978 mln
EconomyMacroeconomyor postponing other expenses in an effort to cover the external funding needs, mostly related to IMF payments and rollover of foreigner investors T-Bill holdings. The PIB was the second key contributor
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgramme36 billion. These additional funding needs stem from: 1) Lower fiscal targets (additional needs... over the 2014-22 period with half of them coming from the disposal of the state’s holdings
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Newsletter 71 - 22/04/2016
. Banks may sell up to 50 percent of their total 37.7 billion EFSF bond holdings to the ECB, replacing the corresponding ECB funding with cash. This would also lead to a one-off trading gain of 500–600
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