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BoG looks at other programme exits and options available to Athens
EconomyProgrammeOver the last few weeks Greece’s central bank governor, Yannis Stournaras, has been arguing... surveillance (PPS) process has been running smoothly for all four countries, which have completed between 4 and 7 PPS. Cyprus has a number of common characteristics with Greece in the way it concluded its
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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammegovernment and its lenders has moved fully to the final few months of the programme and what will follow... will be assigned to the cash buffer the government is building. Although no official date has been given... is also due to receive another 1 billion euros subject to confirmation it has met its commitments
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Rating agencies up Greece's scores, adding to positive outlook
Economy. There is an across the board convergence of opinion that the environment in Greece has stabilised..., the debt outlook has improved along with the country’s creditworthiness, reducing any risks... period is seen supported by the cash buffer that the Greek government has agreed with its eurozone
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Mitsotakis starts to put New Democracy on election footing
PoliticsGreek PoliticsNew Democracy leader Kyriakos Mitsotakis has told his party to start preparing for general elections in the near future and has described the upcoming vote as a moment for “catharsis and rebooting... recovery has boosted SYRIZA’s chances. As a result, the centre-right party has to be prepared for both
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Tsipras suffers setbacks in bid to build momentum ahead of MoU exit
PoliticsGreek Politicsthe bailout, clinching a debt relief deal and witnessing the start of an economic recovery has long...” narrative Tsipras and his ministers have stuck to has prevented SYRIZA from continuing to close... on Monday that Tsipras has now given up on the idea of snap elections later this year and is focussed
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Tsipras fends off election rumours, Mitsotakis talks up moderate qualities
PoliticsGreek Politics2019. In reality, though, nothing has changed as far as the government’s thinking on elections... officials it is thought, who prefer for the vote to be put off until next year so that the economy has more time to recover. Tsipras has not yet taken a decision regarding which option he favours. His mind
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Greece’s unstable and confusing tax system failing to deliver results
EconomyMacroeconomyA report by the diaNeOsis research and policy institute has painted a troubling picture of Greece’s... a significant problem when considering that Greece has the worst levels of collection for overdue debts..., to the point where Greece has the third highest level of insurance contributions among EU states. From
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Newsletter 164 -08/06/2018
in the third programme’s financial envelope to buy out the loans that the IMF has made to Greece. The failure to reach a deal has increased the chances of the Fund not activating its programme for Greece... future has raised some questions about how convincing Greece’s exit from the bailout
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Coalition plays down sub-tranche delay, opposition steps up pressure
PoliticsGreek PoliticsThe Greek government played down on Friday the news that the European Stability Mechanism (ESM) has... targets being met. An ESM spokesman revealed that there has been progress on electronic property auctions but that Athens has not yet provided data that shows the expected amount of state arrears
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Fallout from Macedonia name deal sparks turmoil for coalition and opposition
PoliticsGreek PoliticsNew Democracy’s decision to table a censure motion in Parliament has triggered significant... a no-confidence vote has to be held by midnight. The conservatives justified their move by arguing... Democracy has fuelled speculation that two deputies in Defence Minister Panos Kammenos’s party
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