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Tsipras unveils growth plan but little in way of new ideas
PoliticsGreek PoliticsPrime Minister Alexis Tsipras made the clearest attempt yet on Thursday night to change the negative mood surrounding his government by presenting a growth plan for the coming years. In a carefully managed presentation at the Acropolis Museum in Athens,...
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Greek stocks rebound 2.6 pct during week as banks lead way
EconomyThe Greek stock market rebounded by 2.6 percent this week, its first such rise for the last three weeks. Banks notably outperformed for the first time since early September. The share purchase agreement for Hellenikon (former Athens airport) was ratifie...
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Athens chided over asylum process but complex set of obstacles in way
PoliticsGreek PoliticsGreece appears to have come under criticism again for its role in the implementation of the EU-Turkey agreement, although Athens has been quick to dismiss any complaints. The Financial Times reported this week that German Chancellor Angela Merkel compla...
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Greece and creditors feel their way into new round of talks in Athens
EconomyProgrammeThe third round of discussions between the institutions’ mission chiefs and Greek ministers in the context of the second programme review kicked off on Tuesday with an introductory meeting. According to Finance Ministry sources, the two sides agreed on ...
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Differences over pension cuts stand in way of technical agreement
PoliticsGreek PoliticsOfficially, the Greek government is still holding out hope that it will reach an agreement with the institutions this week but all the signs are pointing to more time being needed after a setback in the negotiations. Speaking on Skai TV on Sunday, gover...
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Greece completes first bond issue in three years, eyes more on way out of programme
EconomyGreece has tapped capital markets with a 5-year bond issue for the first time since 2014, raising 3 billion euros. The book-building process launched on Monday and concluded on Tuesday afternoon. As we noted, the transaction included a switch and tender...
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Athens, creditors on way to settling energy, labour issues in third review
EconomyProgrammeElectronic auctions are due to begin on Wednesday, with the Greek government hoping that the process runs smoothly and that an agreement with the institutions can be secured by the end of the week. It is expected that just a handful of properties will g...
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammeThe clarity that the Greek government had hoped might emerge from the discussions at the sidelines of the International Monetary Fund Spring Meetings failed to materialise and significant issues relating to the post-programme period will have to be reso...
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBankingGreece’s four systemic banks have submitted new Single Support Mechanism (SSM) guidelines on Friday, under which the banks’ bad loans will be tackled. The new targets involve the restructuring of 50 billion euros’ worth of bad loans, according to report...
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Athens and Washington agree plan for closer ties as Skopje paves way for name deal
PoliticsForeign PolicyThe first Strategic Dialogue between Greece and the United States was concluded in a very convivial atmosphere in Washington on Thursday. The talks, which included high-level interagency representation from both countries, were launched by US Secretary ...
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