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Club Med in Washington
Agora. Time is now running out in Spain. If the Cortes fails to elect a new prime minister by May 2
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Newsletter 71 - 22/04/2016
by a 13.5 percent decline in capital goods. Manufacturing turnover saw a drop of 15.4 percent. 2
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Stocks surge 5.4 pct during week amid hopes for swift conclusion of review
Economybeen made so far, but further work is still needed including contingency measures of 2 percent of GDP
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyof the full-year target of 1.63 billion) 2) Social protection (at 148 million, corresponding to 10.2
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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek PoliticsThe chances of Greece and its lenders achieving an agreement this week so an emergency Eurogroup can be held on Thursday appear to be receding by the hour. Athens and the institutions have yet to agree on how the 2 percent of GDP (3.6 billion euros) in contingent measures could be legislated
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Failure to agree on contingent measures causes further delay in conclusion of review
PoliticsGreek Politicsto achieve up to an extra 2 percent of GDP in adjustments being rejected. Athens has again singled out
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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
Economyof 3.5 percent in 2018. The sticky point at the moment appears to be the contingent measures of 2
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Substantial ground for Greece and lenders to cover before May 9 Eurogroup
PoliticsGreek PoliticsA Eurogroup meeting that will potentially be decisive for the conclusion of Greece’s bailout review is due to be held on May 9 but it is still not clear how Athens and its creditors will arrive at an agreement on the process of defining the extra 2 percent of GDP in standby measures needed
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Delays in concluding programme review are credit negative for Greece, says Moody’s
EconomyIn its latest comment on Greece included in the weekly credit outlook of May 2, Moody’s notes that the delays in the country’s bailout programme review are credit negative since they increase the risk of a liquidity squeeze and prevent any discussion on debt relief. The delays are caused
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammeThe extraordinary Eurogroup on Monday is due to discuss the state of play of the programme review as well as the sustainability of Greece’s debt. The thorniest issue at the moment appears to be the contingency measures worth 2 percent of GDP the IMF is insisting they have to be detailed
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