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Pressure mounts on coalition to complete fourth review prior actions
PoliticsGreek PoliticsThe Greek government is waiting to hear from Friday’s meeting of the Washington Group to get... Corporation’s (PPC) lignite-powered units in Florina and Megalopolis. The tender for these facilities is due... on Wednesday the idea of Athens asking for a precautionary credit line. Reacting to a report in Germany’s
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeAll eyes will be on Friday’s meeting of the so-called Washington Group at the sidelines of the International Monetary Fund’s Spring Meetings, with Athens hoping that the gathering of some of its... measures next year. It also disagrees with the Fund’s suggestion that the compensatory fiscal measures
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Credit contraction at 1 pct in March, balance at 180.34 bln
EconomyMacroeconomyin the outstanding balance falling to 180.34 billion from the previous month’s figure of 182.58 billion... to the previous month’s negative reading of 381.5 million. The latest figure means that the private... lending sector’s balance turned positive to 388.8 million, while the household lending sector’s
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OECD highlights reforms and imbalances that need to be addressed
EconomyMacroeconomyis reduced because reforms are gathering pace, according to the OECD, which adds that the country’s... and the reforms in the labour market have improved the country’s competitiveness with employment rising... to lift the country’s long-term growth potential via further reforms. The Greek labour market remains
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammeare not necessary. “The government’s position is that now is not the time for this discussion,” he said. “All in good time. Let’s conclude the fourth review, the type of (post-programme) surveillance.... The finance minister’s comments suggest that, at the very least, the government does not want
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Tourism accounts for 27.3 pct of Greek GDP in total, study shows
EconomyFeaturesquarter of Greece’s GDP in 2017. The figures showed that the tourism industry, a main pillar... has on the economy, in that for every 1 euro in tourism revenue, the country’s GDP grows by 2.65...) came to around 630,000 people or 16.9 percent of total overall employment. Factoring in the industry’s
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Banks focus on defining challenge of reducing NPEs
EconomyBankingof last year, the volume of NPEs stood at 95.9 billion euros according to BoG’s quarterly report... billion across the year bringing the ratio for the group at 51.7 percent. Eurobank’s stock of NPEs... to the BoG and the ECB’s Single Supervisory Mechanism (SSM), write-offs will generate 10.6 billion
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Parties mull changes to electoral law, top judge resigns
PoliticsGreek Politicsin Greece’s general elections. New Democracy vice president Adonis Georgiadis suggested on Wednesday... that the head of Greece’s top administrative court has stepped down in such a manner. In a statement, Sakellariou said that he was upset that details about the court’s deliberation over whether
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Supplemental MoU sets out path for maintaining fiscal sustainability
EconomyProgramme) was published by the European Commission on Thursday. The document, which details Greece’s obligations and the next policy steps, is based on the four pillars on which Greece’s third programme has been... as needed to offset their impact in meeting the agreed target. Greece’s lenders effectively settle
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No breakthrough on debt talks at Eurogroup but June 21 goal remains
EconomyProgrammeThursday’s Eurogroup in Brussels failed to deliver a breakthrough on the debt relief talks between Greece’s lenders, although the institutions insist that they are still aiming to deliver... president Mario Centeno) because the Washington Group, made up of some of Greece’s key creditors, met
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