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Newsletter 116 - 28/04/2017
will implement after the end of the programme to make Greece’s debt sustainable, while Berlin... insisted that these should be seen as serious measures to improve Greece’s welfare system and to ease the burden on taxpayers, such as the reduction in the ENFIA property tax. Tsipras’s message
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Tsipras in tight spot over debt deal but QE access may hold key to compromise
PoliticsGreek Politicsproposed at the May 22 Eurogroup, with access to the European Central Bank’s QE scheme perhaps holding... if there is no agreement on making Greece’s debt sustainable. The prime minister knows that if Finance Minister... or the international markets. At least with access to QE, the coalition’s hopes of building a path towards
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Athens banks on French support for debt relief and growth
PoliticsGreek Politicsas it heads into the last few days of intensive negotiations before Thursday’s Eurogroup. Athens has shown a particular interest in the French government’s position after Le Maire was broadly... compromise proposal that would see debt relief for Greece linked to the economy’s growth rates over
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Greece gets bigger tranche from Eurogroup but Tsipras misses other key targets
PoliticsGreek PoliticsThursday’s Eurogroup in Luxembourg ended in an agreement that will see Greece receive another 8.5... on debt relief measures in order to immediately join the Greek programme with new funding. Greece’s... for this measure from the country’s parliament. A new inclusion, though, was a reference to the French
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Coalition guards unity as Tsipras briefs opposition leaders
PoliticsGreek Politicsleaders to discuss last week’s Eurogroup decision as his government reacted angrily to suggestions that some of its ministers are blocking privatisations and other measures. Tsipras met PASOK’s Fofi Gennimata, New Democracy’s Kyriakos Mitsotakis and Communist Party leader Dimitris Koutsoubas
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Greeks underwhelmed by deal with lenders, stressing uphill task for Tsipras
PoliticsGreek Politicsbelieving it was a positive outcome. This underlines the extent to which Tsipras’s core support has been... to rebuild trust. It also explains why some of the prime minister’s advisers believe that he has... that the expected economic recovery can help change the public’s mood. The governing party’s
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Moody's upgrades Greek rating to 'Caa2', changes outlook to positive
EconomyMoody’s upgraded Greece’s credit rating by one notch to ‘Caa2’ from ‘Caa3’ on Friday evening... still remains the highest credit rating among the three major rating agencies. Moody’s new rating.... The upgrade by Moody’s reflects the conclusion of the second programme review, the improved fiscal
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Some relief for coalition but bold claims about programme exit a concern
PoliticsGreek Politicsthe past few days and with Prime Minister Alexis Tsipras in a confident mood about Greece’s prospects... off a strike by refuse collectors following the government’s concessions, including plans to hire... intervention, the government’s concession and the union’s initial refusal to back down caused
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Coalition's judicial wranglings provide opposition with line of attack
PoliticsGreek PoliticsThe government has recently become embroiled in another clash with Greece’s judges and prosecutors... to question the judiciary’s independence. One of the key areas of dispute is a recent ruling... or hamper the government’s work. “The judiciary judges but can also be judged,” said government spokesman
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I know what you did the summer before last
AgoraAbsent of any tense negotiations with Greece’s creditors or another national drama, some Greeks have decided to relive the anguished days of 2015 again by arguing over what SYRIZA’s plan was during... of Greece. The economist’s take is undoubtedly engaging but should be treated with caution. We
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