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Tsipras facing limited options as he waits for signs from IMF
PoliticsGreek Politicsgovernment has felt for some time that there is a possibility Donald Trump’s administration may push... between Athens and its creditors at a political level before the Eurogroup, more time may be needed... to existing pensions, are voted as separate legislation, the coalition may balk. Under the second scenario
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Newsletter 108 - 24/02/2017
, but reports have suggested that this may drop to around 1.5 percent of GDP, bringing the total down... not been fully agreed with the institutions. Therefore, certain amendments may be incorporated..., may be lowered below the 6,000-euros mark, entailing cutting the tax credit down to 1,300 euros
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Debt relief moving to centre stage in programme discussion
PoliticsGreek Politicsby the Eurogroup last May, in order for the Fund’s board to give the green light for the organisation to join... Chancellor Angela Merkel in Berlin on Monday. Reports suggest that Berlin may be willing to accept... the IMF Spring Meetings on April 21-23, while the May 22 Eurogroup is being lined up as the one
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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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Newsletter 119 - 19/05/2017
SYRIZA eyes May 22 deal Government sends an upbeat message while Berlin stays tight-lipped... from Greece’s creditors is positive and that there are strong prospects for an agreement on May 22. He even joked that he may soon have to wear a tie, after promising in 2015 that he would do so
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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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Stocks record weekly losses of 0.7 pct in wake of inconclusive Eurogroup
Economy13.5 percent during May due to the strong performance in the first two weeks of the month when..., Terna Energy and Viohalco hold their AGMs on May 30 followed by Mytilineos and Metka AGMs on June 1. In addition, Alpha Bank releases its Q1 results on May 31, while Hellenic Exchanges trades ex
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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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