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Greece and Albania at loggerheads over hydrocarbons research in Ionian
PoliticsGreek PoliticsAthens has found itself caught up in somewhat of a diplomatic crisis with Albania over the last few... of the Exclusive Economic Zone in its sea borders with Greece. Greece, however, has already begun... with Greece lately has prompted concern in the Greek Foreign Ministry. Many Greek diplomats believe
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Creditors devise proposal in Berlin, Tsipras prepares ground in Athens
PoliticsGreek PoliticsGreece will adopt, the Fund also has a particular interest in the issues of debt sustainability... concessions the Greek side has won and how much it has had to give in on key issues such as pension and labour reform. The process of preparing the party for some kind of compromise has already begun
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Tsipras and lenders leave themselves with fading chances of salvaging deal
PoliticsGreek Politicsrequest for a conference call on Saturday, putting off any further conversation until Greece has... repeated his call for bold political initiatives from German Chancellor Angela Merkel. Tsipras also has... Kazimir indicated there could be no more concessions to Greece. #Greece has to focus on completion
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Court orders 2012 pension cuts to be reversed, costing up to 1.5 bln
EconomyThe Council of State (CoS), Greece's highest administrative court, has published a decision..., which has been expected for the last few weeks - as we highlighted in May, deems unconstitutional the reductions imposed in 2012. However, the court has not asked the government to implement its
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Audit of Greek debt adds to pressure on Tsipras in creditor talks
PoliticsGreek PoliticsParliamentary speaker Zoe Konstantopoulou, who has been a thorn in the government’s side since... and its lenders – may not be a coincidence. Konstantopoulou has used her institutional role... this debt to protect banks. Clearly, this has strong implications for Greece’s current discussions
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How Greek banks were left on the brink
Agoraand June 19, the ECB Governing Council has decided to increase the ELA cap for Greek banks by around 9.... As expected, Piraeus which has the highest NPL ratio, has also the highest LLR ratio at 22 percent, whilst NBG has the lowest at 14.9 percent. Capital ratios The sharp rise of Greek banks’ provisions
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Greek coalition braces for internal debate over agreement with lenders
PoliticsGreek Politics. Mitropoulos in particular has provided almost a daily running commentary on the government’s negotiations via... will point to the fact that the government has avoided scrapping the benefit for low-income pensioners (EKAS... sector wages will not be cut at all, meaning that SYRIZA has managed to stay close to these two “red
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IMF urges substantial debt relief for Greece
EconomyProgrammesustainability analysis (DSA) that was released on June 26, arguing that Greek debt has become highly... reforms without any specification of alternative reforms has raised concerns over the country’s ability... ambitious and steadfast reforms. This means that the government, which has put on hold key structural
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For Greek banks, it's business as unusual
AgoraNow that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks... of the situation and inquire where do we go from here. As the Greek real economy has been turned... without domestic banks being open for business. What this experience has exposed so far is revealing
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Varoufakis and his friendly fire
AgoraPrime Minister Alexis Tsipras has a lot on his mind at the moment: A quarter of his MPs... and want to start visiting ministries, his government has just over three weeks to reach an agreement... in the euro area has a clear idea of how it would deal with a Grexit if it comes. It would be criminal
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