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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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Refugee crisis poses multiple political challenges for Tsipras
PoliticsForeign Policyand migrant crisis in Greece that has caught his government completely unprepared. Tsipras met... Avramopoulos informed the prime minister Greece is missing out on European Union funding because it has... into a direct vote loser for Tsipras. This is one of the few areas in which Tsipras's coalition has
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Greece deal leaves many questions
Agoraand the IMF think about the deal. Both players remain ominously quiet on the agreement. Germany has... (when Greece has a big repayment to the ECB…if you feel like this is deja-vu from last month... more time to deliberate over a more comprehensive bailout package. If Germany has expressed some
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Lafazanis out of blocks early, announces anti-bailout party ahead of bailout vote
PoliticsGreek PoliticsSYRIZA will follow Lafazanis’s lead. There has been no indication over the last few days that a larger... Flambouraris launching attacks on her. Konstantopoulou has long forged her own path, making it clear... passed with the support of 229 and 230 MPs in the 300-seat Parliament. However, there has been
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SYRIZA rebels launch new group, promising more discomfort for Tsipras
PoliticsGreek PoliticsPrime Minister Alexis Tsipras officially has a new rival as of Friday, when former Energy Minister... that this will chip away at the lead SYRIZA has over them, which cannot be quantified at the moment... at the beginning of September. The fact that Popular Unity has 25 MPs makes it the third largest
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