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The Greek debt circle can be squared
AgoraFrom the beginning of the crisis, Greece’s debt has often been the elephant in the room. Over... demanding and called for significant relief to put Greece’s debt on a sustainable path. For months, the European side did not meet any of the IMF’s requests. This resulted in a first review that dragged
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Q3 GDP rebounds 0.8 pct QoQ and 1.8 pct YoY, above flash estimates
EconomyMacroeconomypercent year on year (YoY) in Q3 from a downward revised drop of 0.5 percent in Q2. Today’s figure... as last year’s figure was burdened by the imposition of capital controls. General government... consumption retains the lion’s share of GDP, making up 69 percent of the total figure. The Finance
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Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
EconomyProgrammeMonday’s Eurogroup concluded with eurozone finance ministers agreeing to the short-term debt relief... points over the decades to come, the Eurogoup’s position on the medium-term fiscal targets and the conclusion of the current review are less positive for Athens. As such, the outcome of Monday’s
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBanking. The repayment of CoCos was recently communicated by the bank’s management during the conference call... into a definitive agreement with the Belgian KBC Group for the sale of a 99.91 percent stake in NBG’s... UBB’s book value and is estimated to increase NBG’s Q3 pro-forma common equity Tier 1 (CET1) ratio
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Papandreou returns as PASOK seeks revival
PoliticsGreek Politicsto the addition of two MPs. Papandreou’s return was announced on Thursday after he held a 45-minute... in the January 2015 elections. The ex-prime minister’s comeback had been discussed for some time and its... public discussion this weekend in Thessaloniki. It could be that Papandreou’s return to PASOK has
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign Policycommemoration of the 1950 referendum on the island’s union with Greece (Enosis) in public secondary... decision was a mistake. Efforts by Anastasiades to assuage the Turkish Cypriot leader’s concerns were met with Akinci’s insistence that the decision be repealed. Anastasiades publicly admitted
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Tsakalotos appears but gives little away about negotiations with creditors
PoliticsGreek Politicsbefore MPs after much speculation about his mood following Monday’s Eurogroup. New Democracy in particular raised questions about why Tsakalotos had not made any public comments since Monday’s meeting... Monday’s Eurogroup, he did take part in the meeting of SYRIZA’s political committee on Tuesday after
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SYRIZA on tenterhooks as outcome of review remains in balance
PoliticsGreek PoliticsThe Greek government goes into Monday’s Eurogroup hoping that there will not be a falling out... and whether they will vote for such a package. They voiced their concerns last week when the party’s lawmakers who sit on Parliament’s economic affairs and labour committees were briefed by Finance Minister
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The scenarios ahead for Greece as review hangs in balance
PoliticsGreek PoliticsAs talks between Greek government officials and the country’s lenders continue in Brussels following Monday’s Eurogroup, Prime Minister Alexis Tsipras can see a clear path to Greece’s exit from... that things will not be that straightforward. As can be seen in the infographic below, if Tsipras’s
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New Democracy in spotlight as coalition draws hope on labour reforms
PoliticsGreek Politicsthe previous years. In Greece’s case, the troika asked New Democracy leader Antonis Samaras to spell out his... driven by the government’s behind-the-scenes machinations with the creditors. At first glance... for the package, the government’s task will become much easier. However, there is also an alternative school
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