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Athens sticks by effort to build bridges with FYROM
PoliticsForeign Policywill meet again in October. One reason behind the strategy adopted by Kotzias is that Greece has realised that during the last couple of years it has lost its leading role in the Balkans and this has... approach. Kotzias has tried to explain Greece’s policy on the CBMs to all political parties in FYROM
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammeas funding of the guaranteed minimum income (GMI), where substantial progress has been achieved but which... of the unilateral legal recourse. It has also been reported that the social partners, who had previously signed...) opposed a change in the determination of the minimum wage by the state. Katrougalos has not ruled out
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Review delay brings Greek liquidity needs back into focus
EconomyProgrammeGreece has to pay 6.46 billion euros for GGB redemptions (4.03 billion to the ECB and 2.43 billion... in GGBs held by the ECB are due. Greece also has to pay 620 million in March, mostly to private investors... the rise in the VAT rate on islands hit by the refugee crisis. Summing up, Greece has to pay, largely
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Tsipras mixes rhetoric as review conclusion demands political decisions
PoliticsGreek Politicsminister reflects the two tracks that Tsipras has followed in recent days: One is still targeting... the Greek prime minister also reflects the fact that the process has arrived at the point where... collective dismissals by the government in 2013, deemed that the Greek state has a right to give its
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Athens and lenders stay mum on agreement, domestic reaction awaited
PoliticsGreek Politics. However, evidence that a technical agreement is close has been mounting over the last few days. Speaking... of minor issues regarding labour reform remain to be settled. As we noted on Tuesday, there has been... actually been settled. It has been suggested, though, that the International Monetary Fund has
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IMF insists fiscal targets unrealistic, cites historical evidence to support case
EconomyProgrammeof the primary surpluses that Greece has to maintain. In an interview with Naftemporiki newspaper on Wednesday... period, Greece has been running a primary deficit in the region of 3 percent of GDP. The only exception..., only one country in the sample has managed to meet and maintain for longer than a decade. The IMF
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Mitsotakis urges ND renewal, challenges PM over surplus
PoliticsGreek Politics. Mitsotakis also attacked the government for the austerity measures it has imposed over the last two years... the creation of a 12-member advisory team that contains several new faces. He has also overseen... of whom are in their 30s and 40s. Mitsotakis has pledged to shake up his party by welcoming in new
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Athens expects 800 mln sub-tranche as review talks progress
EconomyProgrammeand is expected to approve the disbursal of the 800-million-euro bailout sub-tranche that has been pending since... in February if it has reduced its arrears in accordance with the agreement it made with the institutions... by the creditors to reach the 3.5 percent of GDP primary surplus target. It has been suggested
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Sub-tranche for arrears approved as round of review talks draws to close
EconomyProgramme. The latest disbursement means that the ESM has now paid out a total of 40.2 billion euros to Greece from the third programme, which has an envelope of 86 billion. When the previous bailouts... that has to be addressed is the size of this year’s overperformance and how the government
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Newsletter 137 -27/10/2017
” this year. The government has previously suggested that the excess surplus would be around 1.... Athens has reportedly agreed to change legislation so that the quorum for first-degree unions... now been paid out. Athens can now focus on completing the review, which means that it has to start
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