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As second bailout comes to an end, Tsipras eyes third amid domestic turmoil
PoliticsGreek Politicsin with reports from Brussels that the government has offered to back the "Yes" vote on Sunday or to cancel... has been held on Sunday. These developments come after reports of heightened tension within... lenders. This difference in opinion as well the devastating impact of Greek banks being shut has
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Tsipras wins referendum but sceptical lenders, limited time stand in way of deal
PoliticsGreek Politicsthe possibility of an agreement in the short-term has moved even further away as an emboldened Tsipras will push for better conditions from lenders. He has already made a clear reference to a 30 percent reduction... open by Tuesday. Also, Athens has to pay the first round of civil servants' salaries for the month
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What next for Greece's revenues and spending?
Agora. The government has not yet clarified when the ENFIA for this year will be paid, but certainly it would... grants for the social security system. Since March, the Finance Ministry has stated repeatedly... conditions, the expenditure will revert to the levels of budget targets.” The government has to pay
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Between heaven and hell
Agoraand the future looks bleak. It is no surprise that there has been a rise in the number of Greeks seeking... and capital controls were introduced, the mental strain Greeks have been under has increased immensely. However, something surprising has happened: Rather than seeing Greeks panicking, as many people
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Greek banks in intensive care: What lies ahead?
AgoraAmong the measures the Greek government has committed to legislate by July 22, according.... This means that equity has to absorb losses in full. After shares, losses are evenly imposed... haircut has to be applied on the current level of uninsured deposits. According to bank sources
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Tsipras suffers serious knocks in prior actions vote but emerges on his feet
PoliticsGreek PoliticsKonstantopoulou, who gave a fiery speech against austerity policies. Varoufakis has already been replaced... a plan to return to the drachma but Tsipras has now put pressure on the Left Platform to come out... not believe the threat of a Grexit will be put to bed until the third bailout has been agreed. Thursday
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ECB increases ELA limit for Greek banks in first positive signal since referendum
Economyhas proposed to be disbursed by that date. Draghi said that the GGB repayment will provide some room..., which is above the eligibility threshold. However, he stressed that the other key QE condition has... over the last three weeks but it is too early to argue that the liquidity issue has been resolved.
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What this week's VAT changes mean for household budgets and public coffers
EconomyProgramme. The government has indicated it would consider some form of tax refund for inhabitants to counterbalance the VAT hikes, yet this has not been confirmed at the moment. Similarly, the new VAT rate of 13 percent on hotels will also be effective as of October 1. However, since VAT rate on catering has been moved
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Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
EconomyBankingmarkets. Alpha management has indirectly indicated in the past that Bulgaria was not among its core... the past five quarters while the cash coverage ratio has improved by more than 10 percentage points... were also indicated in banks’ medium-term restructuring plans. Alpha has also presence in Cyprus
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Reshuffle of limited scope, ambition suggests elections on horizon
PoliticsGreek PoliticsSkourletis. Skourletis has been moved across to the Energy Ministry, ousting Panagiotis Lafazanis.... Tsipras has repeatedly stated that his priority is to seal an agreement for the third bailout as he believes the imminent threat of a Grexit will not go away until that has been achieved. This means he
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