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Management of NPLs to test gov't in negotiations with lenders
EconomyFollowing an agreement on foreclosures that was part of the first set of milestones, Greece now has... the 13 prior actions the government has to implement by mid-December to unlock the next sub-tranche... bank has signed an agreement with a foreign company on the NPL management. Alpha signed at the end
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Deflated SYRIZA shuns broader political cooperation for now
PoliticsGreek PoliticsMinister Alexis Tsipras has also repeatedly separated the Union of Centrists from his attacks... to the “parallel programme” that SYRIZA has spoken about before the September 20 elections. This is the idea... justifying their decision to continue supporting Tsipras after he signed the third bailout but has
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The year that Greece (nearly) saw it all
AgoraSince the Greek crisis began, the action has hardly stopped. But even by its standards, Greece... has been full of contradictions for Greece: Yanis Varoufakis became a global household celebrity... was reelected in September to do just the opposite. MacroPolis has been present throughout
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Gov't hits back as pension reform row heats up
EconomyProgrammeThe government has hit back in the public relations battle over its proposed pension reforms... landscape is completely different with that of 5 years ago since GDP has shrunk by almost 22 percent... pension has dropped by 41 percent over the last five years to 863 euros in January 2015 from 1,480
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomy. Since the signing of the third bailout programme, it has gained almost 12 points. During the bailout years, Greek ESI reached a high of 104.2 in June 2014 but has been on a downward trend since. Consumer... 11 points to -64.8 in the 8-month period but has recorded gains of 3.7 points since then. During
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A year on, Tsipras's SYRIZA in need of morale boost
PoliticsGreek Politicsnormal circumstances would have been a fairly routine affair has taken on much greater significance... has been completed. Also in Davos, Eurogroup chief Jeroen Dijsselbloem downplayed the debt relief... SYRIZA as the underdog who has had to battle against the Greek and European establishment but is now
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Greece left isolated on migrant crisis, with bailout talks finely poised
PoliticsGreek Politicstime, it was revealed that Slovenian Prime Minister Miro Cerar has written to fellow EU leaders to ask... that there has been no discussion of a suspension from Schengen and that this would not be possible anyway... to keep to its commitments. The government, which has been ineffective in putting across its side
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Pressure on Greece to stem migrant flow puts strain on EU ties
PoliticsGreek Politicsspots ready by the end of February. Only one, on Lesvos, has been completed so far. The EU hopes... of crossings drop, while the number of migrants reaching Germany has also fallen since Austria became stricter... treated over a crisis it has not caused (which is the prevailing sentiment at the moment) and the EU
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Wide range of exacting issues lie ahead for Greece in first bailout review
EconomyProgrammein the next few days to begin the first programme review. Although the agenda has not yet been officially.... The government has identified and implemented so far measures yielding 1.2 billion euros, leaving... financing Greece has received so far in the context of the third bailout programme loans of 16 billion
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Gas provides Greece, Cyprus and Israel chance to bolster ties
PoliticsForeign PolicyAnkara’s spat with Moscow, contact between Turkey and Israel has intensified. Greece is hoping... cooperation between the three countries but it is clear that Greek Prime Minister Alexis Tsipras has much convincing to do if Israel is going to choose to use Greece as a hub for its gas. It has not gone
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