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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek PoliticsOne day after Prime Minister Alexis Tsipras’s presented his government’s policy programme... pillar is focussed on tackling the humanitarian crisis, which was one of the key SYRIZA policies... (estimated cost at 756 million). 2) Restoration of the 13th pension (Christmas bonus) - equal to one
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So far and yet so near for Greece and eurozone after second abortive Eurogroup
PoliticsGreek Politicsthat he was prepared to sign but that this was later changed to one that was not acceptable... that Varoufakis said he was satisfied with. The debate over the various draft statements is in one sense..., which is one of the eurozone’s main concerns about the SYRIZA-led coalition. At the same time, Greece
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The numbers behind Greece's reform proposals
EconomyProgrammethat the effective (collectable) amount stands at 9 billion and the government aims to bring one-third... a loan haircut for those below the poverty line, while loan servicing will be downward adjusted to one.... Procurements In an interview with Kathimerini daily on Sunday, Mardas said that one of the government’s
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammereforms to be submitted for technical discussions. The Financial Times is one of several publications... respectively, making up more than one-fourth of the cumulative tax arrears. According to the proposed law... departments in order to produce them to one of more public sector departments. The last reform
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The ECB's strict rules apply if you dare not comply
AgoraGreek banks are allowed to hold, one time on Greece's participation in the quantitative easing... stopped accepting Greek government securities as collateral, and one time in respect to the decision... of Outright Monetary Transactions (OMT). Just one week after the announcement - and before the LTRO
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What will be on the agenda for talks between Merkel and Tsipras?
Agorain Brussels, where the most recent one took place on Thursday. It is important to point out..., the choice of Berlin as the location for the meeting is a reasonable one and Merkel’s initiative... headquarters of the European Central Bank (ECB) in Frankfurt. One of the key questions Tsipras will need
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammea best-case scenario the government aims for the next Eurogroup to decide the disbursement of one... and improvements in the collection mechanism. One of the issues the government has committed so far... percent reduction is applied on these VAT rates in the Aegean islands. Privatisations One
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The faces change, the issues remain the same
Agorajoy to the news on Monday that one inexperienced economics professor is replacing another... decorum to describe what happened behind closed doors” after the meeting. One unnamed official said... the outcome of the talks. One thing is certain: It won’t be a popularity contest. Nick Malkoutzis
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Moody's downgrades Greek bond rating, sees chances of accident rising
EconomyMoody’s downgraded late on Wednesday Greece’s government bond rating by one notch to Caa2 from Caa1... by three notches to ‘CCC’ on March 27 and of S&P by one notch to ‘CCC+/C’ on April 15. Moody’s... with a roughly one in four probability of default over a two-year horizon. According to Moody’s, there are two
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This is how Greece kept its budget on track in Q1
Agorathe pre-election period as well the postponement of the VAT payment by one month had a marked impact..., the marked over-performance in March is to a large extent attributed to one-off or non-recurring... the Hellenic Financial Stability Fund (HFSF) on March 19 and relates to one-off fees Greek banks paid
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