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The immediate economic and financial hurdles for the new Greek government
EconomyProgrammeThe new Greek government has several thorny economic issues to address in its first days in office... as well as interest payments of 1.7 billion. SYRIZA has repeatedly stressed in the recent past... at circa 2 billion. However, since the previous government has exhausted the 15-billion-euro limit
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politics. Obama wades in “When you have an economy that is in freefall there has to be a growth strategy... weeks to roll over existing short-term debt but also covering funding needs, given that Varoufakis has... to a large extent whether the new government has the time and fiscal space it needs to try to secure
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The state of play with Greek banks' liquidity
Economyimportant liquidity issue for Greek banks relates to the coverage of T-Bill issues. Greece has to roll over.... However, their participation has been eliminated in the last two months due to the political turmoil... its funding needs, since the new government has said it would not request the last combined tranche
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Greek Q4 GDP down 0.2 pct QoQ, 2014 nominal GDP stays in recession
EconomyMacroeconomymore than 70 percent of GDP but has posted a cumulative drop of more than 24 percent since 2008... coalition government has not yet disclosed its macro assumptions for this year. The Commission has
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Greece's fiscal, debt and funding goals as set out at Eurogroup
EconomyProgrammethe existing budget framework or that has implications for financial stability. c) No action towards... the 8-billion-euro capacity of the Hellenic Financial Stability Fund (HFSF) that has yet to be used... legislating on how to deal with NPLs and the backlog of tax arrears, which has reached around 70 billion
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Tsipras faces dissent from SYRIZA MPs but serious rift unlikely at this stage
PoliticsGreek Politicsthe challenging process of implementing the agreement his government has reached with Greece’s creditors became... Lafazanis, who has already gone counter to the government’s position on privatisations, and Alternate..., this could be a move that backfires on the prime minister, who has promised greater transparency
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Greek digital economy lagging due to weak demand, lack of skills
Societythis week has found. Greece ranks 26th out of the 28 EU member states, according to the 2015 Digital... has progressed since the previous survey in terms of connectivity, almost two in five households have... average. Greece, the report found, has the second lowest share of ICT specialists in the workforce
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Tsipras to meet Merkel amid search for political backing
PoliticsGreek Politicsgovernment has insisted that the solution to its difficulties lies in reaching a political agreement..., however, has been repeatedly referred back to the February 20 Eurogroup agreement for a four-month... a specific primary surplus target at this stage. A potential compromise that has emerged
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Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct
EconomyBankingby a 5 bps contraction in the loan spread. Compared to Q4 2013, loan spread has eroded by 13 bps, while deposit spread has improved by 42 bps. Expenses Operating expenses (excluding integration... billion with the bulk (4.2 billion) related to EFSF bonds. The bank also noted it has additional ELA
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EU summit talks give Greece narrow window of opportunity for reforms
PoliticsGreek Politics. The statement adds little to what had been agreed previously but underlines that the process has... billion euros takes place soon remains an option, as it has been since February 20. According to reports in Greece, Tsipras told the EU officials that his government has enough cash to meet obligations
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