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Newsletter 125 -30/06/2017
kind of credit line. This claim will undoubtedly have set off the alarm bells among Greece’s lenders... that this is not the case. To compound the government’s misery, it has become embroiled... and asked her to question the inmate. Justice Minister Stavros Kontonis gave his full backing to SYRIZA’s
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Newsletter 126 - 07/07/2017
of the ESM’s board of governors on Wednesday did not result in the green light being given... week but Finance Minister Euclid Tsakalotos insisted that the go-ahead would be given at Friday’s meeting of the ESM’s board of directors. The ESM had identified several prior actions demanded
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Athens forced to consider shelving market access plans for now
PoliticsGreek PoliticsUncertainty surrounds the government’s plans to return to the bond markets after the European... issuing a bond right now. Although the International Monetary Fund’s executive board approved “in principle” on Thursday the organisation’s participation in the Greek programme, it emerged
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeFrom the start of Greece’s third European Stability Mechanism, programme in the summer of 2015...’s debt sustainability. One of those assumptions, which still separates the Fund and eurozone..., IMF mission chief for Greece Delia Velculescu explained the Fund’s position. “We have said many
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Tsipras invokes Andreas Papandreou as centre-left challenge simmers
PoliticsGreek Politicson the rest of the country’s politics. As we highlighted recently, SYRIZA and New Democracy are following... in the government-friendly Documento weekly that sought to assess Papandreou’s legacy. The piece was timed...) and public sector hirings in the 1980s. In the article, Tsipras highlights what he sees as PASOK’s
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Labour market reforms did exactly what they were supposed to
Agorain the euro area. Greece’s minimum wage was higher than countries that would be considered peers, 50 percent above Portugal’s and 17 percent higher than the minimum wage in Spain. By 2009, total exports were... percent of what the country produced. Greece’s lenders identified a serious competitiveness issue
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Lull in review talks gives PM chance to mind domestic agenda
PoliticsGreek Politicspolitical agenda, as well as the implementation of the remaining prior actions. SYRIZA’s political secretariat was due to meet on Monday morning and gatherings of the party’s parliamentary group... actions remain to be completed. SYRIZA’s party bodies will meet in the wake of another poll showing
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Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
EconomyFitch upgraded on Friday Greece’s long-term credit rating by one notch to ‘B’ from ‘B... environment for Greece. The ratings agency is of the opinion that Greece’s debt sustainability... to be completed smoothly and Greece’s official creditors to grant substantial debt relief this year
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Rating agencies up Greece's scores, adding to positive outlook
Economywith improved credit scores by all raters and sustained the positive outlook for the country’s prospects. S&P... up the scale in mid-February. Moody’s closed the cycle in an unscheduled move a few days later..., the debt outlook has improved along with the country’s creditworthiness, reducing any risks
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Tsipras and Kammenos try to fend off rumours of deepening rift
PoliticsGreek Politicsand that the coalition’s future may be in doubt. New Democracy-friendly Fileleftheros (Liberal) newspaper reported on Monday that the pair had held a stormy meeting at Kammenos’s house on Friday... party would not support any solution that allows Greece’s neighbour to use the term “Macedonia.” However
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