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Tsipras caught between social tension and lenders' pressure as talks begin
PoliticsGreek PoliticsThe Greek government is due to begin talks in Athens with the chief representatives of its lenders... Greek bailout. Their visit comes against a backdrop of increasing social tension. Protests by farmers.... There were reports over the weekend that IMF managing director Christine Lagarde made it clear to the Greek
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The diversions of the past
Agorafar-left, ideology. Of course, one could argue that Greek urban guerrilla groups... Greek nationalists had pursued and persecuted leftists. Like Mitsotakis, Tsipras seems to think... believes that if he refers to selfless acts of the past, their sheen will somehow rub off on him
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Feeling weight of measures, SYRIZA seeks way to re-connect with voters
PoliticsGreek Politicsof the well-off, Mitsotakis has made regular visits over the last few weeks to working-class... with Greek workers. The coalition has clearly alienated many of those who backed it in last year’s two... it can strike up a bond with the Greek electorate and secure social peace long enough so the country’s
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBanking-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously... million) and consumer credit (-10 million). Overall, the Greek NPL ratio edged up to 35.4 percent..., but still remains the highest among the Greek systemic banks. During the conference call, the management
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The key elements of the draft agreement between Greece and lenders
EconomyProgrammeDuring the second round of meetings between the institutions’ mission chiefs and the Greek... highlights of this document obtained by The Greek Report, relating to four areas: restoring fiscal... Greek banks’ NPL strategies and targets. Supporting the banks’ efforts to meet their NPL reduction
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IMF sees much scope for reform progress, particularly on tax in Article IV report
EconomyProgrammeand job creation at risk. Also, Greek debt must become sustainable requiring substantial debt from... have relied increasingly on one-off and ad-hoc adjustment mostly reflecting the inability..., the report notes that despite the three rounds of recapitalisation, Greek banks’ capital quality remains
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Lack of clarity across the board highlights review impasse
PoliticsGreek Politicsin return, or because the Greek government is expecting someone on the lenders’ side, possibly... preferring Athens to hold off in the hope that it will get better terms towards the summer... is not willing to meet the demand for upfront legislation of measures. “The Greek government has
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Lenders to put onus on Tsipras with offer to wrap up review
PoliticsGreek Politicshas proposed. Although the Greek government insisted until recently that it would not legislate any... Central Bank to deem Greek bonds eligible for QE, which should be enough for the prime minister... his prize. If, for instance, any meaningful discussion is put off until after the German elections
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Tormenting Greece with a distorted picture
Agoraof reaching an agreement with the country’s lenders, thereby ensuring more funding, staving off...? This is valid point for discussion but it should be noted that there is nothing new or rare about a Greek... for the Greek economy, keeping local businesses from expanding, scaring away foreign investors
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Greece and creditors dive into details of measures and counter-measures
EconomyProgrammeThe second day of negotiations between the Greek government and the institutions’ mission chiefs... and 2019, a Greek official noted. The government also outlined to the institutions the counter...-of-court workout that have to be resolved include the write-off of overdue VAT and withheld taxes from
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