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Greece's imminent funding problems: All the numbers you need
EconomyProgrammeBefore the Greek government can reach the point of discussing any new arrangement with its lenders... to the Greek state and is reluctant to raise the threshold of T-Bills that Greek banks can hold... willing participants in the issue or pay off those that decline to roll over, thereby creating
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeexamined yet at a technical level means that there is no way the finance ministers can approve any... on February 18. This means that Greek banks can roll over 1.3 billion euros and not their entire initial... sources. With two recent joint ministerial decisions, the government can utilize cash reserves of 250
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Newsletter 201 -21/04/2019
Eurogroup nod allows next move Govt aims to pay off some IMF loans early after receiving 1 bln from...) to pay off some of Greece’s International Monetary Fund (IMF) loans before they mature. Greece... of the programme. The disbursement would also allow the government to move ahead with its plan to pay
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Government determined to push through hospital reforms in pre-election legislative sprint
PoliticsGreek Politicswith an average 10 pct pay increase for hospital doctors. The reaction from doctors’ representatives has... to compensate for inadequate pay. Protesting doctors occupied the Health Ministry on Tuesday demanding... hospital doctors by offering better pay and more attractive terms. The Panhellenic Doctors’ association
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Parties at odds over private universities as ND faces nepotism accusations
PoliticsGreek Politicsalso objected to pay increases for cabinet members contained in the omnibus bill. PASOK spokesman Haris Koukoulopoulos said that increasing the pay of ministers who were not members of Parliament to equal 90 percent of the salary of high court judges amounted to a 46 percent pay hike. Opposition
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Greece to pay IMF but concluding negotiations will be a tougher task
PoliticsGreek PoliticsThere were no surprises from Greek Finance Minister Yanis Varoufakis’s meeting with International Monetary Fund managing director Christine Lagarde in Washington on Sunday but the government in Athens still faces a challenging few days ahead. Lagarde co...
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Greeks graduating after 2011 encountered limited opportunities, low pay
SocietyA report by the Foundation for Economic and Industrial Research (IOBE) has revealed that graduates in Greece after 2011 were twice as likely to be unemployed as graduates in the overall working-age population, and that the majority of them earned salari...
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Tsipras eyes review conclusion, insists SYRIZA patience will pay off
PoliticsGreek PoliticsPrime Minister Alexis Tsipras assured SYRIZA’s political secretariat on Monday that the government will manage to wrap up the third review on time and that better days are on the way for his party. Speaking to SYRIZA officials after the departure of the...
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
EconomyBankingAlpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021. In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impair...
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SYRIZA's date with history
Agoraof the lessons that history can teach. This makes it all the more baffling that SYRIZA gives... for a change in policy, the process by which this can be achieved is far less clear. Commentators and economists can satisfy themselves with sketching out the broad framework as they drive public
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