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Opposition pledges to continue pursuing OPEKEPE scandal as new evidence emerges
PoliticsGreek PoliticsOpposition parties warn that New Democracy is not off the hook over the OPEKEPE farm payments scandal, as evidence continues to emerge barely a week after the governing party voted to conclude a parliamentary inquiry into the affair. Last week, New Democracy’s majority in Parliament led
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Greece takes on EU presidency and some significant challenges with it
PoliticsGreek Politicsdomestic and international challenges, which include trying to steer the Greek economy towards recovery... and get Greece out of its lengthy recession. For this reason, the Greek presidency has set limited... of progress. In this respect, we should not expect any bold initiatives from the Greek government between
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Come back Cleisthenes, all is forgiven
Agoraa left dangerous legacy for its modern version. Since Cleisthenes, too many Greek politicians... ensured the Greek people that their economy was “fortified” and his government drew up a 2009 budget... of GDP. Two months later, the finance minister revised the prospects of the Greek economy for 2009
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Newsletter 13 - 30/01/2015
the European Central Bank to Greek lenders and that Greece can continue to issue T-bills, while... to be in place by July, when the first of two Greek government bonds held by the ECB is due. The deal that the new Greek government appears to be searching for involves some kind of debt restructuring
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Greece and lenders start technical talks as tension between Athens and Berlin rises
PoliticsGreek PoliticsRepresentatives of the Greek government and the country’s lenders were due to begin technical.... The Greek team in Brussels is to be headed by the Finance Ministry’s general secretary for fiscal policy... at the February 20 Eurogroup for a four-month extension to the Greek programme. However
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Greece deal hangs in balance as IMF sees major differences
PoliticsGreek PoliticsGreek Prime Minister Alexis Tsipras was due to return to Athens on Thursday apparently no closer..., including primary surplus targets and pension reform, were bridged. Greek Finance Minister Yanis... on the Greek coalition to be "more realistic" and expressed fear that the day when "someone says the game
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Tsipras's proposals to lenders come under SYRIZA scrutiny
PoliticsGreek PoliticsThe Greek government submitted to Parliament late on Thursday a set of reform proposals designed... Stability Mechanism. The document tabled in Athens included an explanatory memorandum in Greek.... The Greek document also refers to an agreement with lenders to discuss the restructuring of Greek
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ELA funding up by 9.2 bln in June, banknotes in circulation reach all-time high
EconomyMacroeconomyGreek banks’ Eurosystem funding rose by 10.17 billion euros in June after increasing by 3.56... billion at the end of June. Almost the entire amount is made up by EFSF bonds Greek banks had... briefing last week. Note that the ECB had frozen the ELA limit for Greek bank as of June 26, when
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgrammewith a targeted set of actions including reduction in headcount and procurement. In addition, the Greek... on the legislative framework for the recapitalisation process of the Greek banks, which is due to be completed..., the Greek authorities should adopt an integrated action plan to fight undeclared and under
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Newsletter 44 - 25/09/2015
that are already in the pipeline, overseeing the recapitalisation of Greek banks, deciding... recapitalisation at forefront Government must move fast to prepare legislation The recapitalisation of Greek... capital shortfall of Greek banks. The resulting capital needs will play a key role
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