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SYRIZA keeps up calls for cooperation but with focus on voters rather than parties
PoliticsGreek Politicsopen to the idea of working with other parties. Following Tuesday’s 10-year bond issue, Finance..., Tsakalotos, who is one of the government’s most moderate members, had suggested that the government would be willing to cooperate with the opposition parties to convince Greece’s creditors to lower
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammefor protection than the Katseli law, which ran until the end of February. However, Euro2day’s report suggests... in the government’s original proposal. The report also suggests that Greek authorities are set... issue, it was reported following Monday’s Eurogroup that the creditors are hoping to see that Athens
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed that net profits from continued operations came... expenses showed a decline of 8 percent. This was attributed to the bank’s cost reduction programme... euros. As with the rest of Greece’s systemic banks, Eurosystem funding is now fully composed of ECB
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Turkey's actions in Cypriot EEZ put Athens, Nicosia on alert
PoliticsForeign PolicyAthens and Nicosia are on alert following Turkey’s bid to drill for natural gas in waters within... Ankara's strong reaction to hydrocarbon research in the Cypriot EZZ. It seems, though, Turkey’s main aim.... This move also appears a direct challenge to Nicosia’s longstanding effort to develop its own energy
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Tsipras calls snap elections after heavy defeat that puts ND on course for clear majority
PoliticsGreek Politicsthe end of the government’s term in September. New Democracy was on course late on Sunday to win... 5 percentage points. Furthermore, going into Sunday’s vote Tsipras had suggested that the European... to the Macedonia name deal (the Prespes Agreement) signed earlier this year, leading to Greece’s neighbour
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Tsipras bids to maintain unity after heavy defeat for SYRIZA
PoliticsGreek Politicsto SYRIZA’s central committee on Monday afternoon in a bid to rally the party after it suffered a defeat... for SYRIZA). It had been suggested that the size of the opposition party’s winning margin took...’s defeat means that Tsipras’s first task is to ensure that in-fighting does not break out
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GDP rises by 0.2 pct QoQ in Q1, increases by 1.3 pct YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP increased by 0.2 percent quarter-on-quarter (QoQ... percent QoQ in Q1 after dropping by 0.2 percent in Q4 2018. The final quarter’s reading was the first... by 5.5 percent in 2019 and 5.2 percent in 2020. Outlook According to the MoF’s MTFS, Greece’s GDP
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EC warns budget not on track due to handouts, advises against further underspend
EconomyProgrammeGreece’s official creditors have recently expressed at various levels their concerns about whether... the authorities to address the reporting and execution issue as Brussels does not think it is in Greece’s... estimated, based on the General Accounting Office’s estimates which accompanied the bill
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Mitsotakis vows to push on with tax cuts despite fiscal concerns
PoliticsGreek Politicsthe lenders regarding Greece’s public finances veering off track due to SYRIZA’s handouts. In fact, Mitsotakis argued that his party’s plans for savings in the public sector and a growth-friendly economic... following discussions with Greece’s lenders later this year. New Democracy is planning to lower
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Regling underlines concerns about fiscal target after voter-friendly measures
EconomyProgrammethat Greece’s is veering away from its fiscal targets following recent measures that Athens adopted without...’s comments came on Thursday after the annual meeting of the ESM’s board of governors, which approved the annual report for 2018. Following Greece’s completion of its third programme in August last
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