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Another euro stitch unpicked
Agoranight to stop accepting Greek government bonds as collateral from local lenders has minimal practical impact in the short-term but maximum effect in symbolic terms. There has been some fine analysis..., the decision to pull funding has to be a political one, so even in the extreme case where
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeThis week Greece has to rollover 1.6 billion euros in 3-month T-Bills. Since foreign investors stopped... position of 1.6 billion, creating a gap of 300 million that has to be covered by other funding... million euros. Athens has to pay an additional 1.23 billion euros in the next two weeks in three tranches
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Minister's alleged conflict of interest a first domestic political test for Tsipras
PoliticsGreek PoliticsLess than two months into his stint as prime minister, Alexis Tsipras has his first potential... a commission for its services. The government has chosen to throw its full weight behind Katrougalos... of innocence. Prime Minister Alexis Tsipras’s office has made it clear that the Greek leader has
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Approach to protests, policing poses a new quandary for government
PoliticsGreek PoliticsMinister Yiannis Panousis has taken the unprecedented step of warning the government via a front page op-ed piece that it has to take a tougher stance on policing. The opinion piece was published in Ta... in his newspaper article. Education Minister Aristides Baltas, who has seen Athens University’s main
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Will Tsipras move to centre stage to secure deal with lenders?
PoliticsGreek Politicshis seal of approval and he will then have to convince his party to accept it. Even though SYRIZA has... the government deals with sit-in protests by anti-establishment groups. The issue has already caused friction... Ministry and placing it with the Justice Ministry. “The time for Alexis Tsipras has arrived,” Panousis
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IMF appointment sends ripples of discontent through SYRIZA
PoliticsGreek Politicsbecome a hot political issue but SYRIZA has continued its tradition of doing things differently... is that this makes her an unsuitable person to represent the country at the IMF and that someone who has... cause has been promoted by Finance Minister Yanis Varoufakis even though she has no connections
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PASOK prepares to change leader but perhaps not its fortune
PoliticsGreek Politicsagainst them in public opinion. The 40-year-old Konstantinopoulos has been an MP since 2009 but has only... but also because the number of Socialist lawmakers has dwindled (now at just 13), giving greater... suggests something dramatic is needed to revive its fortunes or the Greek centre left has to make
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Greek business feeling the pinch from capital controls
EconomyThe imposition of capital controls a month ago has taken a heavy toll on Greek companies, from... losses in excess of 40 percent. According to market sources, the drop in corporate turnover has..., processes have become lengthier and costlier while in many sectors product distribution has been reduced
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SYRIZA seen marginally ahead as Tsipras and Meimarakis go head-to-head
PoliticsGreek PoliticsMeimarakis’s relaxed style, which has won admirers over the past few weeks. The conservative leader gave... that SYRIZA has edged ahead of New Democracy over the past few days. The survey shows SYRIZA on 28.5... together by Bloomberg has SYRIZA one percentage point ahead of New Democracy. One explanation for SYRIZA
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If it's debt restructuring you're looking for, Regling's not your man
Agorathe ESM has provided additional loans of 41.3 billion to Spain for its bank recapitalisation purposes, 5.8 billion to Cyprus and has committed financial resources of 86 billion for Greece’s third.... In Greece the ESM has gained a more prominent role in the negotiations and review process, having
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