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Tsipras facing limited options as he waits for signs from IMF
PoliticsGreek PoliticsThere is great uncertainty regarding the Greek government’s intentions following the disappointing outcome of last week’s Eurogroup for Athens. The messages coming out from the coalition, both... government has felt for some time that there is a possibility Donald Trump’s administration may push
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Athens searching for compromise formula should IMF remain on board
PoliticsGreek PoliticsThe indication that no progress regarding Greece’s review should be expected before the International Monetary Fund’s executive board meets on Monday was strengthened by comments from European... that no decision can be taken until the Fund’s board clarifies its intentions regarding the Greek
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Tsipras tweaks message as chance of review compromise emerges
PoliticsGreek Politicsof GDP primary surplus target after 2018, even under the IMF’s most pessimistic scenario... and the country’s bonds eligible for its QE programme, Tsipras will have the sweetener he is looking.... It was noticeable that during Wednesday’s parliamentary debate on the results of an inquiry into bank
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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammeThe International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece. The fund’s baseline scenario foresees a long-term GDP growth of 1... growth, while must be complemented with strong policy implementation. According to the IMF’s updated
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Athens waits for move from lenders to get review going
PoliticsGreek Politics-the-scenes efforts to bring Greece’s lenders closer together and organise a meeting with the Greek... part in Thursday’s Eurogroup Working Group. There has been no indication from Athens of any new.... Speaking to the party’s political secretariat on Tuesday, Alexis Tsipras is said to have remained
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Newsletter 106 - 10/02/2017
intentions A week of of bickering between Greece’s lenders and mostly silence from Athens left... Minister Jeroen Dijsselbloem criticised the IMF’s assessment of Greece one day and then told Dutch... on Tuesday in reference to the Fund’s continued insistence that Greece needs to lower its tax-free
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Tsakalotos role under scrutiny as talks become more tense
PoliticsGreek Politicsthat the government’s efforts to dispel rumours of a rift between Prime Minister Alexis Tsipras and Finance... line to the prime minister after the finance minister’s appearance before Parliament’s economic affairs committee on Tuesday. Tsakalotos’s assertion that “we are not claiming austerity has ended” caught
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Athens prepared to legislate measures before global deal with lenders
PoliticsGreek Politicsnext year to cover the fiscal gap but the government spokesman’s reaction indicates that this will not be the case. Overall, Tzanakopoulos’s comments suggest that the government remains on track.... A sizeable chunk of Tzanakopoulos’s opening statement at Thursday’s briefing was devoted
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Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
PoliticsGreek Politicsfor the Eurogroup and that an overall deal, including details of Greece’s fiscal path after 2018 and a commitment... by some in Greece as a clear sign of Tsipras’s newfound urgency to conclude negotiations as soon as possible, possibly because of fears that this year’s expected economic recovery will be undermined
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Multiple potential benefits await Greece if it can clinch QE eligibility
EconomyFeaturesgovernment bonds (GGBs) in the European Central Bank’s quantitative easing (QE) programme, which requires the eurozone central bank to deem Greece’s debt sustainable. Such a development would greatly help Greece’s effort to tap markets so it can refinance its debt and improve foreign investors
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