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Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns
EconomyBanking. On the liquidity front, Nouy noted that hoarded cash has also been reduced, adding that “it is a bit early... continued in February amid uncertainty over the conclusion of the second programme review, which has..., Nouy noted that a lot of progress has been made so far on the legal framework, but more legislative
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New attempt to get Cyprus talks back on track
PoliticsForeign Policy" and "untimely." He has also referred to a relevant decision of the Cyprus National Council which says.... Nicosia has so far resisted these calls as this may seem like an intervention in the Republic’s... Thompson. The new US administration has confirmed "its strong support for the special adviser
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New Democracy in spotlight as coalition draws hope on labour reforms
PoliticsGreek Politicssuch a pledge from the main opposition party. An IMF spokesman said that such a request has not been made... as it has both blasted the government for not concluding the review and insisted... that if there is a change of government, Greece as a state has to show a level of continuation, meaning
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As Athens awaits news from Brussels, New Democracy mends fences
PoliticsGreek Politicsto be phased in over three years from 2020. This has not been confirmed, though. Energy Minister... at home on this particular issue. SYRIZA has five MPs from Kozani and Florina in northern Greece, where lignite is produced and PPC has units, who may object to the sale of these assets amid concerns
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammeof indicators. The first indicator has the highest weight of 25 percent of the total score... vulnerable in case it has higher financing needs and market perception of risk as well as lower liquidity of its market-traded debt. The second indicator has a weight of 20 percent and involves
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Greece watches closely as Turkey prepares for referendum
PoliticsForeign Policyway. The Greek government is well aware of the current polarisation in Turkish society, which has.... Continental shelf: This is the only issue that Greece has recognised. Ankara claims that the Greek islands..., then the seabed of half the Aegean is under Turkey's authority. Airspace: Greece has 10 nautical miles
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Poll spells worse trouble for PM than concerns of party turmoil
PoliticsGreek Politicsas the government has just a three-seat majority in Parliament. One report suggests that Fylis and ex-minister Tasia... voted against the agreement on Sunday. The SYRIZA body has a total of 151 members. However, the most... that Tsakalotos has been keen to ensure that he will not be held solely responsible for the content
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Greece sees highest tax wedge increase among OECD countries in 2016
Economyworker. The evolution of the tax wedge for a single worker in Greece since 2000 shows it has edged up by 1.1 pp until 2016, while the respective OECD average has dropped by 1 pp over this period. It is noted though that the Greek figure peaked at 43.2 percent in 2011. It has declined by 3 pp since
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IMF Spring Meetings seen as next waypoint in completion of review
PoliticsGreek Politicsa staff-level agreement (SLA). This would lead to the prior actions that the Greek government has... to be agreed is the regular gathering on May 22. However, the Greek government has suggested.... There has been no visible decent from the right-wing grouping so far. Kammenos also said
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Newsletter 115 - 21/04/2017
that Greece will have to follow from 2019 onwards. The IMF, including Lagarde, has reiterated its position... be highlighted that the IMF has insisted for some time that the measures taken so far by Greece... for the return of the missions to Athens next week, was that this issue has now been settled
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