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Greek stocks tumble, bond yields rise in wake of Tsipras speech
Economyin the aftermath of prime minister’s speech in the Parliament on Sunday evening, outlining the government’s... finding a common ground in the negotiations with Greece’s institutional lenders still remains unclear. Today’s market reaction also reflected the downgrade of Greece’s rating by one notch on Friday evening
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Greece and eurozone edge towards deal but details remain sketchy
PoliticsGreek Politicsand representatives of the troika are due to begin technical work on Friday to prepare for Monday’s... Minister Yanis Varoufakis and his colleagues at Wednesday’s Eurogroup, leading to plans to issue...” and Greece’s lenders as “institutional partners” rather than the troika. At home, the government had briefed
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Greece almost last in EU for press freedom, index finds
Societyto Greece. RSF said one of the reasons Greece’s managed to reverse the downward spiral in the press... by state broadcaster ERT’s sudden closure in 2013. Many employees have resigned from ERT’s successor, New Hellenic Radio, Internet and Television (NERIT), since its first chairman’s departure,” it said
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A closer look at planned laws for unpaid taxes and home foreclosures
EconomyMacroeconomythe government’s initiatives on overdue taxes. The key elements of the new legislation as presented... to the pervious government’s law on the settlement of unpaid taxes, which were less favourable... that policies securing primary surpluses should also safeguard the state’s liquidity. In the reform list
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Greece's opposition parties back in spotlight
PoliticsGreek PoliticsAmid the tense negotiations between the government and Greece’s lenders as well as the scramble to cover the funding needs for March, the plight of the country’s opposition parties has gone largely unnoticed. However, this could change soon as New Democracy’s parliamentary group will meet
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Why Greece is asking for 1.2 bln back from the EFSF
Agorathe country’s debt and the debt to GDP ratio by more than 6 percentage points. Those bonds were... upon request by the ECB’s Single Supervisory Mechanism (SSM), according to the Eurogroup statement... for the return of the EFSF bonds upon the completion of Greece’s eurozone bailout programme. In the fourth
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
EconomyIn an unexpected move on Friday evening, Fitch Ratings downgraded Greece’s long-term Issuer Default... has almost certainly derailed Greece’s economic recovery. Even if prospects for a successful.... This, in Fitch’s view, pushes back the probable disbursement date well into April at the earliest. The rating
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Tsipras hopes for 'spring' with Russia but brighter days not certain
PoliticsForeign Policyof such an opening towards Russia. Tsipras’s visit, which has been moved forward by a month... interest and speculation. Tsipras’s recent interview with Russia’s TASS news agency and a two-day visit... hope to achieve. Sources suggest that one of the main goals of Lafazanis’s trip was to prepare
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Tsipras upbeat about funding deal but also mulls referendum in case of impasse
PoliticsGreek Politicsand the institutions over whether privatisation revenues should be used only for paying off the country’s debt. He also reiterated the government’s position that the state should retain a controlling stake in any... as premier, Antonis Samaras identified the introduction of ENFIA as his government’s biggest PR
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Greece eyes temporary solution to liquidity problem from Brussels Group talks
PoliticsGreek Politicshoping that a positive outcome at the Brussels Group could lead to the government’s liquidity... to pay pensions emphasised the dangers of the state’s weak liquidity position and seems to have acted... bill was due to be the topic of conversation at Thursday’s cabinet meeting but was not discussed
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