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Greece gears up for second review, faces wide-ranging reform to-do list
EconomyProgrammeGreek society. The most significant actions relate to the labour market, resolution of non-performing... the companies’ viability. According to the latest Bank of Greece (BoG) review report of the Greek... evaluation is due to be performed by June 2017. Another prior action calls on the Greek authorities
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Coalition struggles to contend with fallout from football crisis
PoliticsGreek Politicsbehind it even though the Greek-Russian businessman and his family have reportedly returned to Russia... spokesman Dimitris Tzanakopoulos, that Savvidis had been given honorary Greek citizienship... following Sunday’s events. “Greek football [has] reached the edge of the cliff," said FIFA official
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Athens presents growth plan outline as lenders continue to differ on debt relief
EconomyProgrammeA meeting of the Eurogroup Working Group (EWG) on Thursday gave the Greek government a first..., ESM, the European Commission and IMF, met in Brussels yesterday to discuss Greek debt relief. Multiple... by a Greek representative, does not appear to have been conclusive. According to Kathimerini
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeby Greece, is the element that will decide whether the IMF will commit new funds to the Greek... on these issues. The Fund’s outlook for the Greek economy sees growth in real terms of 2 percent in 2018.... This leaves the IMF some distance from the Greek authorities and the European Commission, which estimate
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Tsipras hails name deal with Skopje, Mitsotakis declares fierce opposition
PoliticsGreek Politicsto push the pact through Greek Parliament. The Greek prime minister made a brief televised address... would be removed. The Greek prime minister noted that Athens will clear the way for its neighbour... a fixture in the Greek negotiating position, even for previous governments. Nevertheless, in a press
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IMF's Article IV conclusion outlines progress and remaining risks on road to recovery
EconomyProgrammeFollowing a week of meetings with the Greek authorities and relevant ministries in the context..., the Greek economy is expected to grow by 2 percent in real terms this year and 2.4 percent in 2019... that the Greek authorities should proceed with the already legislated pensions savings in 2019 which
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Institutions warn of fiscal target being missed, reforms slowing
EconomyProgramme, the Greek authorities announced their intention not to implement the pre-legislated income tax credit... of the Greek Stability Programme, the measures also raise concerns on the achievement of the medium... and corporate tax rates. Regarding the measures proposed by the Greek government for 2020, the EC says
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Merkel reluctant to discuss targets as Athens prepares bill with wide-ranging tax cuts
PoliticsGreek PoliticsThe new Greek government is planning to move ahead with the tax cuts promised by New Democracy... appetite for changing this target to give the new Greek government greater fiscal space. Mitsotakis... received reassurances from the Greek leader in a phone call that he would quickly begin implementing
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QE arrives for Greece
Agoraname defined by the coronavirus. For the ECB to start purchasing Greek sovereign bonds... in the course of the past two weeks. Only five weeks ago - on February 12 - the yield on Greek 10-year debt... was followed by an equally dramatic turnaround in yields for Greek debt within the past three weeks
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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomymonths, Greek manufacturers reported feeling pessimistic in April with production expected... in April had a particularly detrimental effect on the Greek manufacturing sector. The sudden... in little choice for firms but to shed workers,” they said. “Our current forecast expects Greek
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