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Ahead of vote, Tsakalotos appeals to SYRIZA MPs with positive message
PoliticsGreek Politicsvote on the multi-bill, which appears on track to be held before the May 22 Eurogroup. Reports... be held on the evening of Thursday, May 18. It is possible the ballot will be held as late as Saturday, May 20, but not after that. With just a few days left until SYRIZA MPs are called upon to support
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The SEKAP case and extrajudicial debt restructuring
LegalThe law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3... in question may be interpreted as introducing an illegal state aid measure according to the European.... Disclaimer All rights reserved. No part of this publication may be reproduced or transmitted
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Tsipras upbeat on debt relief prospects, lenders more cautious
PoliticsGreek Politicsemerging from Greece’s creditors is positive and that there are strong prospects for an agreement on May 22. He even joked that he may soon have to wear a tie, after promising in 2015 that he would do so... on Monday is to make progress. Athens hopes that if there is no deal on May 22, an agreement could
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Eurobank stays profitable in Q1 with net earnings of 36.5 mln
EconomyBanking, adding that they may accelerate write-offs and loan sales in the coming quarters due to delays..., and slowed to 13.8 billion on May 11. The breakdown revealed that Emergency Liquidity Assistance (ELA... to replacement by interbank repos, which rose to 5.8 billion in May from 5.3 billion in March
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Athens eyes deal on bailout tranche within June, hopes for QE breakthrough
PoliticsGreek Politicsin as much as the government has hinted that Prime Minister Alexis Tsipras may want to take Greece’s... that the government knows it will have to back down eventually if nothing better than the May 22... at the May 22 meeting, with clearer references to the debt issue.
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Lenders provide words of support and warning regarding debt talks
PoliticsGreek Politicsthat the eurozone will consider will be needed at the next Eurogroup, in comparison to the May 22 meeting, before... place on May 22) so the next bailout tranche can be released. “The ESM stands ready to prepare... actions and reforms that need to be carried out, rather than the debt relief discussion, may
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyis an improvement on the 0.1 percent contraction posted in the flash estimates released on May 15...-Term Fiscal Strategy (MTFS) voted in mid-May point to a GDP growth of 1.8 in 2017. The European Commission (EC) adopted a more optimistic outlook in its spring economic forecasts published on May 11
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Rhetoric ramped up ahead of Eurogroup but deal still in sight
PoliticsGreek Politicsthat he has maintained since the last Eurogroup on May 22, which implies he wants to keep alive... on the debt relief measures set out in May 2016 and regarding the process for these interventions.... The more pessimistic quote from the Greek official may be Athens’s way of trying to get back at Schaeuble
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CPI up again in June with 1 pct increase
EconomyMacroeconomyhas eased slightly from the CPI recorded in May, it represents the sixth continuous positive reading after four years. The core index edged up by 0.4 percent after staying flat in May while the goods..., covering the fall of -10.4 which was registered in May. On a year-to-date basis, the indicator has
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Car sales rebound by 28.2 pct in June
EconomyMacroeconomyfalling by 2.7 percent in May, Authority (ELSTAT) data showed on Monday. Car sales came to 15,945 in June, falling from the figure in May. Passenger cars rose by 30.9 per cent in June following a drop of 6.5 percent in May, and came to 13,841. Passenger cars make up around 85 percent of total
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