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Severe underspend covers lower revenues for end-May primary surplus
Economyeuros from 707 million in the corresponding period last year, according to the Finance Ministry... to an underperformance of 976 million in the 5-month period. The Finance Ministry suggests that two thirds.... The Finance Ministry said the revenue shortfall that emerged in May is to large extent attributed
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Greece and lenders talk at cross purposes, head for crisis summit
PoliticsGreek Politicsafter eurozone finance ministers were unable to make any headway, and with Greek deposit outflows continuing at pace. Greek Finance Minister Yanis Varoufakis appeared annoyed that his new proposals.... The Dutch finance minister made it clear that lenders are expecting Athens to make new proposals
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Newsletter 32 - 26/06/2015
to Thursday’s meeting of eurozone finance ministers. Starting from VAT, the institutions demand net... is in charge. It smacked of payback for the numerous verbal pot-shots that Tsipras and Finance Minister... of the last few months. Too many finance ministers, leaders and unnamed “European officials” have been
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As second bailout comes to an end, Tsipras eyes third amid domestic turmoil
PoliticsGreek Politicsallocated for bank recapitalisation would be cancelled. Eurozone finance ministers decided, though... teleconference on Wednesday to discuss the proposal for a third package. Finance Minister Yanis Varoufakis... secretary Spyros Sagias were dismissed in favour of others, led by Finance Minister Yanis Varoufakis
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Newsletter 33 - 03/07/2015
for most of them to withdraw cash. In an effort to resolve this issue, the finance ministry allowed... of eurozone finance ministers, one extraordinary EU summit in Brussels, countless teleconferences... strategy. The eurozone finance ministers, IMF, ECB and European Commission are reluctant to do just
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Greek banks' liquidity position at the centre of attention
EconomyMinister Yiannis Dragassakis and Finance Minister Yanis Varoufakis, while Alternate Finance Minister... are insolvent or pulls the Emergency Liquidity Assistance (ELA). The Finance Ministry (MoF) issued
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Tsipras goes to Brussels with opposition's backing, parameters of agreement
PoliticsGreek PoliticsGreece goes into Tuesday’s pivotal Eurogroup and eurozone leaders’ summit with a new finance... Tsakalotos was sworn in as finance minister on Monday night, replacing Yanis Varoufakis, whose... hours convincing him to succeed his fellow economist. The new finance minister has the advantage
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Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek Politicsto be replaced: Alternate Finance Minister Nadia Valavani Energy Minister Panayiotis Lafazanis Alternate Minister for Social Security Dimitris Stratoulis Alternate Defence Minister Kostas Isichos Ex-Finance... choices were a disorderly default or to accept German Finance Minister Wolfgang Schaeuble’s plan
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Eurogroup approves 3rd bailout for Greece but expects swift, extensive action
EconomyProgrammeEuropean Commission president Jean-Claude Juncker in a statement. Eurozone finance ministers were less... conference. Eurozone finance minister, however, urged Greece to take urgent steps to tackle the growing... without nominal haircuts.” The finance ministers said they would consider possible extra measures
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Eurogroup sets out key dates ahead for Greek programme
EconomyProgrammeThe Eurogroup held in Luxembourg on Saturday was the first meeting of the eurozone finance... that followed the meeting, Eurogroup President Jeroem Dijsselbloem said Greek caretaker finance...’ disbursement is “no later than November 15”. The Greek Finance Ministry issued a press release
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