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Greece's Parliament Budget Office sees lack of post-bailout plan
EconomyMacroeconomyIn its latest quarterly report published on Wednesday, Greece’s Parliamentary Budget Office (PBO) set out its concerns about the country’s preparedness for exiting the troika Memorandum of Understanding (MoU). The PBO notes that, as part of the ongoing ...
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Greece sets out broad reform plan for lenders' approval
EconomyProgrammeWith a letter sent to Eurogroup President Jeroen Dijsselbloem on Monday evening, the Greek government detailed the reforms it aims to start implementing over the next four months. Although the three institutions (European Commission, the ECB and the IMF...
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Latest EU plan to tackle refugee crises poses new, bigger challenges for Tsipras
PoliticsForeign PolicyGreece has agreed to provide the facilities needed to host 50,000 refugees while they wait for reallocation as part of a new EU agreement brokered on Sunday. The deal struck in Brussels will see Athens find spots to accommodate 30,000 people and the UNH...
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Greece banking on Turkish cooperation in refugee plan
PoliticsForeign PolicyGreece and Turkey appear to see eye to eye on the need to share the burden of the refugee crisis and creating a legal framework to combat illegal immigration. That was the feeling that emerged from the meeting between the prime ministers of the two coun...
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomyDuring a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis Stournaras presented the outcome of an exercise conducted by the central bank showing that mild debt relief in the form of smoothing interest payment for EFSF...
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Tsipras eyes euro summit if new plan to break deadlock fails
PoliticsGreek PoliticsIn an apparent attempt to bring negotiations with Greece’s lenders to a swift and positive conclusion, Prime Minister Alexis Tsipras said on Wednesday that he would seek an emergency meeting of eurozone leaders to break the deadlock in the talks if Frid...
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Reshuffle rumours surface as Tsipras prepares plan for autumn
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has been meeting his ministers ahead of the brief summer break, fuelling speculation that he may make changes to his cabinet in the coming weeks. A number of local media outlets have reported over the past few days that som...
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Privatisation plan inches along as groups express interest in DESFA
EconomyProgrammeThe Hellenic Republic Asset Development Fund (HRADF) announced on Monday that six consortiums had expressed an interest in a 66 percent stake in Greece’s natural gas transmission operator DESFA. The interested investors are: Macquarie Infrastructure and...
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Athens outlines 2018 debt management plan for post-bailout era
EconomyMacroeconomyIn the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era. As Greece approaches the end of its current programme in August 2018, the Greek ...
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Tsakalotos stands ground on taxes, finalises social dividend plan
PoliticsGreek PoliticsFinance Minister Euclid Tsakalotos used his speech to Parliament on Thursday concerning the draft budget to defend the government’s fiscal choices, which have often provided the opposition parties with cause to attack Prime Minister Alexis Tsipras’s adm...
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