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Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
EconomyProgrammeof the 800-million-euro bailout sub-tranche that has been pending since the summer. The lenders had demanded... silence some doubters who suggested that it might miss the end-October target, but it still has the much.... The government has previously suggested that the excess surplus would be around 1 billion euros and would
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Athens hopeful of clinching SLA after progress in creditor talks
EconomyProgrammethat the Katseli Law prevents foreclosure on homes worth up to 280,000 euros if the family has three... The optimism regarding and SLA being clinched on Saturday has reignited the discussion about debt relief... some of the funds left over in the Greek programme to buy out the more expensive loans that Athens has
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Athens facing final steps in third review as next milestones identified
EconomyProgrammehas begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre... 19 whether enough has been done to release the next bailout instalment of 5.7 billion euros... is gathering pace on the lenders’ side, where a task force has begun technical work
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Cyprus EEZ keeps Greek-Turkish relations on edge
PoliticsForeign Policyfrom the reality Turkey itself has created.” He insisted that “Greece is a country that acts soberly... in the Aegean is linked to what is currently happening in Cyprus's EEZ. They believe that Turkey has sought... Mediterranean. Another reason is that Turkey has suffered losses during its operation against
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Over one in five Greeks struggled to make ends meet in 2017
SocietyNew data from Eurostat has revealed that over one in five Greeks is classed as severely materially... is therefore the first time in seven years that the rate has gone down rather than up, but still means...). Households reporting pensions as the main source of income has risen compared to last year’s figure
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeStability Mechanism to be activated. This point seems to be one of the biggest hurdles that has to overcome... they can be” the better. The ECB has also advocated Greece taking out a precautionary credit line.... The central banker also stressed that although progress has been made on electronic auctions
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeon the government. Government sources also told Avgi that Athens has received approval for its growth... of whether the Fund will take part in the programme has to be put to its board soon. Credit line... the programme ends has been revived this week partly due to an interview by the European Central Bank’s
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Two weeks left for Athens to settle last remaining prior actions
EconomyProgrammein Luxembourg on June 21. The Eurogroup has already instructed the institutions to put together a new debt... can show that it has made the necessary progress in reducing state arrears during April, the European..., in the calculation of this year’s ENFIA property tax. The government has promised the creditors
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Draghi sets out QE obstacles facing Greece
EconomyProgrammeEuropean Central Bank president Mario Draghi confirmed on Monday that Greece has little chance... have allowed the waiver to be retained and secured access to QE. Stournaras has also underlined... that the timeline might be too tight as the ECB has to conduct its own assessment of whether Greek
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Greeks seen working longer, until July 18, to meet annual tax bill
Society. KEFiM has been carrying out the survey for the last four years. The latest data as of 2017 from the Institut Economique Molinari, which has been surveying tax liberation dates across the EU since 2010... working until July 29 to cover all obligations to the state. This date has not changed for the last
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