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Sustained friction with Turkey reveals differing views, approaches in Athens
PoliticsForeign PolicyAthens has tried to downplay an incident on Monday night involving a Turkish Coast Guard helicopter... was not a major one. It has however noted that “night flight with lights out is part of Turkey’s tactic... magazine Der Spiegel. “Turkey has a tendency – not always, and not everyone in Turkey – to create
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Ahead of IMF Spring Meetings, questions remain about conclusion of programme
EconomyProgrammethe bailout only has around four more months to run. It is expected that the Spring Meetings will provide..., Athens has to show progress in implementing the 88 prior actions of the fourth review. It has less than two weeks until the next Eurogroup to show that it has not stopped at the 10 or so key
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Symbolism takes leading role in political developments
PoliticsGreek PoliticsGreek politics has been dominated by symbolism over the last few days, particularly as Greek-Turkish relations have become more strained. The pressure on the coalition has been ramped up by a series... Alexis Tsipras, whose handling of foreign policy issues has come under attack from opposition parties
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IMF revises growth forecasts downwards, emphasising gap with other lenders
EconomyMacroeconomypreliminary figures. The forecast for 2019 has been revised downwards slightly from the 1.9 percent figure included in the Stand-By Arrangement (SBA) request last summer. The Fund has improved its... has virtually halved this figure. The estimate for the current account has also been significantly
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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomythree months of the year, Eurosystem funding has fallen by approximately 8.83 billion. The decline... funding has increased. In recent months, ELA funding has been steadily falling, with the latest.... Since a peak of 126.57 billion in June 2015, Eurosystem funding to Greek banks has steadily declined
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PM tries to halt election speculation as poll gap widens
PoliticsGreek PoliticsPrime Minister Alexis Tsipras has asked SYRIZA MPs and members to refrain from speculating about... after. The deciding factor is expected to be the course that opinion polls take once the bailout has... poll for opposition-supporting Ta Nea newspaper indicated that there has been a substantial shift
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Newsletter 159 -27/04/2018
government insists that much of the preparatory work has been done, while the eurozone official pointed... has been done. agreement (including debt relief and the post-programme framework) by the June 21... Minister Olaf Scholz has insisted in his discussions with the other lenders that the mechanism should
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Mitsotakis scoffs at coalition's MoU exit strategy, challenges PM to elections
PoliticsGreek PoliticsKyriakos Mitsotakis has challenged Prime Minister Alexis Tsipras to call snap elections this year... elections following the summer to let Greeks judge whether the crisis has been brought to a successful... was not a crucial issue. “It has been some time since Mr Mitsotakis asked for elections, but he
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Concern over prior actions grows, debt talks approach crucial juncture
EconomyProgrammeto Athens towards the end of next week and this has put the focus back on how the government is getting.... There are several other actions related to the energy sector that Athens has to complete. It is expected... debt has moved to a bilateral level and is taking place between just Germany and France
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Ministers urged to speed up reforms as Athens prepares for lenders to return
EconomyProgrammeto the Prime Minister, Dimitris Liakos, has sent a new message to ministers asking them to speed up... much groundwork has been done on the 88 prior actions and that many of them can be ticked off.... A task force is currently assessing the new values proposed by evaluators. Once this phase has been
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