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Tsipras tries to keep government's eyes on the prize
PoliticsGreek PoliticsPrime Minister Alexis Tsipras called on his government to step up its work as he completed, ahead of this week’s European Council, a series of meetings designed to issue a positive message... in the European Central Bank’s QE programme, return to the bond markets, debt relief and an exit from
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Compliance report looks at programme financing, arrears clearance and 2016 performance
EconomyProgrammebillion euros has been disbursed by the European Stability Mechanism (ESM) in two tranches. The first... was dedicated for arrears clearance. The European Commission (EC) estimates that for the remainder
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The conundrum of Greek olive oil exports
EconomyFeaturesin many European countries you wouldn’t know it. The shelves are full of Italian and Spanish-origin olive... in production, particularly in European countries. Spain’s production is expected to fall by 8 percent
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Athens hopes for sub-tranche this week, ND keeps up pressure on Kammenos
PoliticsGreek PoliticsThe Greek government is confident that the European Stability Mechanism’s board of directors will approve on Friday the disbursement of a loan sub-tranche of 7.7 billion euros despite a hold-up over..., it means Greece will receive promptly the funds it needs to cover the bonds held by the European
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ESM approves next bailout tranche, providing Athens with some relief
PoliticsGreek PoliticsThe European Stability Mechanism’s board of directors approved on Friday the 8.5-billion-euro bailout tranche for Greece, ending concern in Athens of another agonising delay before funds would... billion euros of bonds which are held by the European Central Bank and mature on July 20
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CPI up again in June with 1 pct increase
EconomyMacroeconomy. The Finance Ministry and the European Commission are expecting HICP to increase by 1.2 percent this year.... The June industry confidence indicator published by the European Commission rose by 3.1 points to -7.3
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Possibility remains for trial bond issue before IMF debt analysis
PoliticsGreek PoliticsComments by European Stability Mechanism (ESM) managing director Klaus Regling following Monday’s Eurogroup have shifted attention back to the possibility of Greece making a trial bond issue.... According to Kathimerini, the government is also worried that the European Central Bank may announce
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Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
EconomyBankingin European Financial Stability Fund (EFSF) bonds, on the back of Greek banks’ participation in ECB... noted that the coverage ratio is considered adequate, while stood above the European average figure
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How Cyprus re-entered the market
Agorain the market again, issuing a five-year European Medium Term Note (EMTN) at a yield of 4.85 percent....) The European Commission’s most recent Spring forecast for Greece expects the debt/GDP ratio to reach
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Parents main source of income for most young Greeks
Societyof the European Cultural Pathways to Economic Self-Sufficiency and Entrepreneurship (CUPESSE). As part... percent), the European Union (73 percent) and businesses (52 percent). According to the latest data
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