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Greece and lenders start technical talks as tension between Athens and Berlin rises
PoliticsGreek Politicsand European Central Bank in Athens. In the end, it seems an agreement has been reached... teacher, who wags his finger reproachfully, against a supposed sinner, asking him to pay for his sins
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Coalition not ditching referendum idea from policy options but details muddled
PoliticsGreek Politicsis reached in June but in time for Greece to be able to pay the first of two bonds held by the European Central Bank and eurozone national banks (3.5 billion euros) on July 20. It is also not clear how
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
Societypreviously evaded tax. As many lower- to mid-income groups were required to pay tax for the first time... and the costs associated with an invisible corruption tax. “These three problems were not central
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How does ECB's decision on Greek banks' T-Bill exposure affect state liquidity?
EconomyFollowing its earlier recommendation to Greek banks not to increase their T-Bill holdings from their February 18 level, the European Central Bank general council decided on Tuesday to make this limit... have been used to pay the last March payment of 340 million to the IMF (due on March 20
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Coalition courts controversy with emergency law to tap general gov't cash reserves
PoliticsGreek Politicsto make their reserves available to the central government. A number of officials, including mayors... to pay their employees and meet other obligations. Alternate Finance Minister Dimitris Mardas spoke
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsnegotiating team Euclid Tsakalotos are due to meet European Central Bank president Mario Draghi in Frankfurt... to pay to the IMF in June, which it could do either by issuing new T-Bills or if the ECB releases
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Creditors devise proposal in Berlin, Tsipras prepares ground in Athens
PoliticsGreek Politicsof the funds needed to pay 1.6 billion euros to the International Monetary Fund this month. While talks..., French President Francois Hollande, European Commission chief Jean-Claude Juncker, European Central
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A Greek proposal that deserves to be heard
Agorato pay the principal for another decade. EFSF loans have an average maturity of over 30 years... are not to be repaid before 2020. It is the maturities of the bonds held by the European Central Bank
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Why doesn't Tsipras just cut defence spending?
Agorathe crisis began, more than 70 percent of the defence budget was used to pay staff but, according... reported last week that the European Commission and the European Central Bank have put the idea
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Tsipras opts for referendum, leaving many issues open
PoliticsGreek Politicsthe outcome. The first is what stance the European Central Bank will adopt over the next few days... euros to pay to the International Monetary Fund at the end of the month, meaning it will be deemed
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