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EU vote highlights Greek center-left's urgent need for renewal
PoliticsGreek PoliticsThe expectation that the PASOK-led Elia alliance would receive less than the 8 percent it got in the European Parliament elections on Sunday has to some extent disguised the deep problems within the centre-left party. Coupled with a disastrous showing f...
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IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief
EconomyProgrammeThe IMF published today the preliminary Debt Sustainability Analysis (DSA) that has not, however, been agreed with the other institutions nor approved by its Executive Board. At the last review in May 2014, the IMF had projected debt to GDP ratio at 127...
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Tsipras tries to switch focus from measures to need for survival in euro
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has made it clear that he believes the agreement reached with lenders in Brussels on Monday morning is a “bad deal” for Greece that his government “does not believe in” but that the country has no option but to accept it. I...
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A year on, Tsipras's SYRIZA in need of morale boost
PoliticsGreek PoliticsPrime Minister Alexis Tsipras returns from a series of meetings at the World Economic Forum in Davos to give perhaps one of the most important speeches of his career on Sunday. Tsipras will address an audience of SYRIZA members at an indoor stadium in A...
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OECD expects Greek economy to recover, stresses need for structural reforms and debt relief
EconomyMacroeconomyIn its latest Economic Outlook report published on Monday, the Organisation for Economic Cooperation and Development said it expects a rebound in the Greek economy in the next two years supported by structural reforms, rising business and consumer confi...
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Bill for out-of-court workout ready but may need tweaks
EconomyProgrammeThe Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also relates to the non-performing loan (NPL) resolution. It inc...
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammeOne of the key issues still to be resolved in the ongoing negotiations between the Greek government and the institutions relates to the International Monetary Fund’s demand for a reduction in the tax-free threshold with the aim of securing additional re...
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IMF insists labour market reforms need to be preserved
EconomyProgrammeAhead of the publication of the Article IV consultation for Greece which is due to be discussed by the International Monetary Fund’s (IMF) executive board on July 27, the Fund has reiterated its key recommendations for Athens and placed strong emphasis ...
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Moody's holds on rating update stressing need for reform
EconomyMoody’s was expected to complete the latest round of ratings reviews for Greece after S&P in spring and Fitch earlier in August. However the rating agency held back from any action and did not update its rating for the country. This is not the first tim...
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What next for Greek politics after Golden Dawn arrests?
PoliticsGreek Politicsorganization led by Michaloliakos. Prosecutors hope that with the help of wiretaps they will be able... of double talk as he has spent the 15 months since his election preaching for the need to stabilise... will be the reaction from outside Greece. The successful prosecution of Golden Dawn would help win
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