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Review nears conclusion, parties turn to political future
PoliticsGreek Politicsthe weekend, Prime Minister Alexis Tsipras said that everything is on track to be wrapped up by May... about the possibility that SYRIZA’s coalition partner, Independent Greeks (ANEL) may be trying... parties or movements ahead of the next general elections and that some businessmen may be supporting his
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Despite snags, coalition expects multi-bill approval before Eurogroup
PoliticsGreek Politicsahead of the vote, which is expected between May 18 and 20. The government insists.... Athens is desperate to get the measures passed before the May 22 Eurogroup so the creditors do... on Wednesday that the ballot on the omnibus bill would be held by Saturday May 20. A few days earlier
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Newsletter 118 - 12/05/2017
voted in May 2016 and the measures agreed in the second review to offset the national roll-out... figure surpassing the 50-percent mark for the first time since last May. The biggest contributor... to this timetable but its intention is to certainly hold the ballot before the Eurogroup meeting on May 22, when
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingthereafter by around 700 million to 10.9 billion in May. Specifically, Emergency Liquidity Assistance (ELA) funding stayed stable QoQ at 5.6 billion and rose slightly to 5.7 billion in May... by 600 million to 5.2 billion in May. Interbank repos stood at 4.8 billion in May. Ongoing deleveraging
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Tsipras gives mixed message on expectations for crucial upcoming Eurogroup
PoliticsGreek Politicsthat Athens may be willing to agree to the compromise that emerged at Monday’s Eurogroup, which entailed... MPs and party members. It is this realisation that may have prompted Tsipras to float the idea..., Athens is certain to press for a better deal between now and June 15. Tsipras may hold talks
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Primary cash balance posts deficit of 316 mln in first 5 months
EconomyMacroeconomywere paid during May. The overall cash balance also posted a deficit of 320 million, from 208 million... slipped by 98 million to 3.37 billion in May, which is the second lowest reading in the course... million in May with the figure for the period up by 77 million from last year to 3.08 billion
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Eurogroup doesn't end in tie for Tsipras
Agorathere is greater clarity regarding debt relief had not been publicly discussed before the May 22 Eurogroup... debt relief. It repeated the commitments made in May 2016 but also said that eurozone lenders stand... ahead and this is not something that can be taken for granted. On May 17, he told journalists
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PMI at 50.5 in June, posting first growth in 10 months
EconomyMacroeconomyin the Greek manufacturing sector. The PMI stood at 50.5 in June, up from 49.6 in May, rising after..., though the rate eased compared to May. The increase in demand also led to staff numbers growing... buying during the month, at a rate of decline similar to May. This led to a notable rate of decline
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Third review seen taking longer than Athens had hoped
PoliticsGreek Politicsis that more fiscal measures may be needed next year. The official insisted that despite the underwhelming... surplus target. This may prove one of the main complications in the current review as one.... On the German elections, the fear in Athens is that the outcome may lead to Chancellor Angela
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Complications over reforms cast doubt on June target for global deal
EconomyProgrammedeal between Athens and the lenders may have to wait until July, rather than June. More than 70... being reached at the July 12 Eurogroup may be more likely than at the June 21 meeting of eurozone finance ministers that has so far been the target for all sides. Nevertheless, it may be the case
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