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What can Greece expect at the next Eurogroup?
AgoraThe back-and-forth between Greece and its lenders is likely to continue right up to the start... of the potential agreement that seem to have been firmed up. This includes the Greek government signing up to primary surplus targets of 3.5 percent of GDP until 2022 and an average of around 2 percent
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Newsletter 124 - 23/06/2017
Investment moves centre stage Government goes on charm offensive to drum up support for Luxembourg... with its plan to set up a Greek development bank. The idea was recognised in the Eurogroup statement... been since 2010. The issue of a possible bond issue was expected to be high up on the agenda
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Varosha move puzzles amid low expectations on Cyprus
PoliticsForeign Policyup Maronite villages and the “ghost city” of Famagusta (Varosha). Government sources in both Greece... in Switzerland. If the plan is to open up Varosha for its rightful owners under Turkish Cypriot...” as saying that the north’s intention is to give up the area so it can be placed under United
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Third review agenda becoming more complex for Tsipras
PoliticsGreek PoliticsGreece’s lenders and an agenda that seems to be broadening by the day. The initial subjects up... unpaid taxes also shot up by just over 2 billion euros compared to a rise of 727 million euros in June. The Finance Ministry has been trying to make up for the shortfall through confiscations so
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China's footprint in Southeast Europe: Constructing the "Balkan Silk Road"
Agorastrategy in the making. They argue that their countries are opening up to China, but that at the same time China is opening up to Southeast Europe. To illustrate, China has established a new... payment of Euro 678 million and follow-up infrastructure investments worth Euro 230 million. In August
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Newsletter 136 - 20/10/2017
and to talk up its potential as a destination for investment . In this respect, the visit could... with one of the goals he hoped to achieve while in the US as the government tries to focus on the build-up... up a joint team of US and Greek officials to help advance investment projects. There have been
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Athens expects 800 mln sub-tranche as review talks progress
EconomyProgrammein the talks. The 500 million euros in new measures lined up for next year may not be considered enough... that up to 1 billion euros more in interventions may be demanded so that a fiscal gap of around 0.5... on a strike increases to 50 percent. Currently only a third of paid up members have to cast
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EC upbeat on reforms paying off, as long as they continue
EconomyProgrammeup during the failed negotiations in the first half of 2015. The arrears clearance programme was stepped up using funds disbursed as part of the first review and has reduced the stock from 9.7 billion... to up to 750,000 people, 7 percent of the Greek population. It costs 750 million euros annually
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBanking. This led to nine-month net profits coming to 132.2 million euros, up, by 12.6 percent compared to last... interest income (NII) and fees, while operating expenses edged up very marginally. Asset quality The non... points QoQ to 44.7 percent in Q3 from 45.1 percent in Q2, while the NPE coverage ratio edged up to 51.6
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Athens, creditors on way to settling energy, labour issues in third review
EconomyProgrammesuggesting that there will be as few as two homes up for sale. Banks are expected to try to auction at least 50 properties via the electronic platform by the end of the year, with 15,000 to 20,000 lined up...-level agreement (SLA) being reached by Monday’s Eurogroup. A number of other items up
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