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Newsletter 309 - 24/09/2021
agenda, and one of the areas where the opposition has found grounds for attack on ideological grounds... investment grade, and this has pushed down borrowing costs to record low borrowing costs. Each post... between February 2020 and February 2021, Greece’s industrial turnover has recovered remarkably. It has
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Opposition takes aim at cost of living
PoliticsGreek Politicsopposition party SYRIZA has tabled draft legislation aimed at suppressing inflation and tackling... Kyriakos Mitsotakis has, however, hinted that the proposed cost-of-living debate is not likely to be accepted until after the EP elections in June. The New Democracy government has focussed on handouts
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PM set on sharing out more economic benefits in bid to recover support
PoliticsGreek Politics. The government has let it be known through the local media that apart from the next reduction, by 0.5... abroad to return to their homeland. The government has been on a drive to convince Greeks to return... addressing the housing crisis, which has seen Greeks in major cities shut out of the market because
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Paris talks mark start of Greece's most crucial troika review
EconomyProgrammecoffers and has not yet been convinced on the equivalent measures that could eliminate the emerging gap... in Paris today and will last until September 4. The IMF spokesman has recently clarified that the aim... will be led by Rishi Goyal and not by Poul Thomsen, who has recently been appointed Acting Director
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Newsletter 101 - 23/12/2016
that need to be settled so the second programme review can be concluded, it has put a strain... that the Greek state has a right to give its approval in such cases but that the law is too vague and may... (albeit one that has much clearer conditions than the current one), but it does not make any
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Athens warms to idea of eurozone going it alone after Schaeuble IMF comment
EconomyProgrammeof the review without the adoption of new measures.” The Greek official added that “the view that Europe has... measures beyond 2018 now, the European Commission insisting that the primary surplus target has to be 3.5... (ESM) and the Europeans should find a way to impose what has been agreed more effectively, which
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Tsipras invokes political solution to resolve labour reform stand-off
PoliticsGreek Politicson the first two seems possible in the days to come. Athens has more or less accepted that it will have... agreement (SLA). The issue on which there has been no progress is the liberalisation of the labour market... market and the IMF wanting to stave this change off for the time being, while insisting that Athens has
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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomyof court legislation has been passed in order to facilitate coordinated action between banks and other... officials involved in debt restructuring, as long as due process has been followed, has been put... in Q1 2017, or 45.2 percent of the total, largely due to write-offs. Progress has been made by banks
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Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
Economyof risk in a government reversing reforms in the future as Prime Minister Alexis Tsipras has legislated tough measures already in 2015-2017 to backtrack and New Democracy has no ideological objection to the programme and has a pro-European profile. Following three successive quarters of growth
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Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammebetween the lenders over debt relief continues to attract much attention and has fuelled speculation.... However, the discussion over the prior actions has been overshadowed by growing speculation about... on Tuesday, the head of the IMF’s European Department Poul Thomsen suggested that the Fund still has
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