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  1. Eurogroup sees possibility of swift review but differences on debt relief remain
    Photo by Fosphotos

    EconomyProgramme

    authorities and the institutions has been fruitful so far, while progress has been made in the ongoing..., Dijsselbloem noted that the Eurogroup (probably in December) has to define the time frame for the medium

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  2. Obama puts emphasis on issues deemed vital by Greece in Athens visit

    PoliticsForeign Policy

    what the Greek government has been arguing for in its negotiations with the institutions. In the news..., for which it has attracted criticism as well as praise from the European Union. “I want to also... geopolitical importance, which is a factor that the European Union has often not attached great importance

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  3. Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
    Photo by MacroPolis

    EconomyBanking

    the last two quarters, the headcount has been cut by around 1,000 to 15,935 employees, while the network has been reduced by 75 to 840 branches. Impairment losses declined by 14.1 percent QoQ to 191... until November 9. Since the end of June to date, ELA funding has been reduced by 2.7 billion to 13.1

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  4. Tsakalotos states case for debt relief as New Democracy sharpens up
    Photo by Panayiotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    for Greece. The government has returned to its task of trying to agree a staff-level agreement... Mitsotakis has decided to shake things up a little at the opposition party. The conservative chief has decided to appoint a shadow cabinet in a bid to intensify pressure on the coalition and give

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  5. Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyProgramme

    summary report on the developments regarding Greek banks’ NPL strategies and targets. BoG has... workout. According to the draft sMoU, an agreement has been reached allowing for both large and small... debt to be excluded from any haircut. The draft sMoU also notes that the government has to amend

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  6. Unemployment rate falls to 23.1 pct in September, lowest since March 2012
    Photo by MacroPolis

    EconomyMacroeconomy

    of employed has risen by 60,600, while that for the jobless has declined by 81,000. Τhe non-seasonally... percent in 2016. However, there is a significant divergence in their forecasts for 2017. IMF has

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  7. Eurosystem funding drops by 3.3 bln in Nov for 17th straight monthly fall

    EconomyMacroeconomy

    in November to a new low since the end of 2012. It has been reduced by 16.35 billion since June 2015... has been recorded in the last six months in the wake of reinstatement of waiver on Greek government.... Overall, Eurosystem funding has been cut by more than 58 billion in the last seventeen months, also

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  8. Turnover in services sector improves in Q3
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    ) and telecommunications (+1.1 percent). Since 2001, the most notable nosedive has been recorded in advertising..., employment activities and other administrative and office support, the turnover has soared by 69.8... and accounting services has also surged by 49.1 percent over this period. The latest services confidence

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  9. Dispute over handouts drags on, allowing tension with creditors to rise
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    of the process and the coalition’s concerns about settling the dispute that has been triggered... and Schaeuble are leading Greece towards a dead-end.” To Potami leader Stavros Theodorakis has also suggested... of next month as the government has identified the Eurogroup on January 26 as a watershed

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  10. Athens settles pension handout row, looks for review progress
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    Eurogroup President Jeroen Dijsselbloem concluded on December 24 that “the way has been cleared... that the government did not pledge anything more than what has been agreed so far. They said the letter clarifies... clarifies that the government has committed any future fiscal over-performance to be used, in agreement

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