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  1. IMF far more pessimistic than eurozone on Greek debt, urges significant relief
    Photo by Panayiotos Tzamaros

    EconomyProgramme

    thereafter up to 275 percent in 2060 mostly due the anticipated high cost of market financing more than... loans, up to 14 years for EFSF loans and 10 years for ESM loans. Additional measures include interest deferrals for all European loans until 2040, abolishing the step-up interest margin on the EFSF

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  2. Amid review doubts, changes to constitution back on main agenda
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    constitutional changes, which the government said it wants to open up to as many voters as possible through local events, should be wrapped up by the end of the summer. An electronic platform is already up and running online, allowing citizens to submit their ideas.

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  3. Labour reforms, fiscal measures loom largest as Athens resumes talks with lenders
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , Tsipras has not yet reached the point where he can sign up to an agreement that would be accepted by his... and a commitment on debt relief that lights up a path to QE and the eventual exit from the programme, he... the measures. These details, however, have yet to be settled. The days leading up to the March 20

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  4. From MoU exit to Grexit: Where next for Greece?
    Photo by Andrea Bonetti/Fosphotos

    Agora

    and the successful completion of the current programme, without the need to follow it up with a fourth memorandum... Samaras was prime minister. However, the timetable Tsipras identified last autumn has gone up... and decisions within and outside of Greece shook up the country. Decision-makers have in front of them

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  5. Concerns over energy deregulation add to challenges Tsipras faces
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    the “cannibalisation” of PPC. The baton was picked up by the GENOP-DEI union that represents some... exist within SYRIZA is that the final deal has to be weighed up as a whole. The argument from... threshold. The minister said that the positive aspects of the agreement would more than make up

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  6. Athens, lenders trying to put last pieces in place for technical agreement
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    proposed that the initial tax rate of 22 percent applied to annual incomes up to 22,000 euros be reduced... may see a significant decline of up to 30 percent in their currently paid main pension. Labour reform... was the liberalisation of the energy market. It seems that Greece and its lenders have agreed on the sale of up to 40

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  7. Athens waits for dust to settle after Erdogan's victory in Turkish referendum
    Photo by UNAOC via Flickr https://flic.kr/p/8avo4T

    PoliticsForeign Policy

    the referendum campaign. The Council of Europe said the vote "did not live up" to certain standards... following a narrow victory. This optimistic approach has not yet been backed up by evidence, especially... to Erdogan. They argue that Erdogan's victory should be a wake-up call for the EU and Greece

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  8. After agreeing measures, coalition sets sights on vote and debt relief deal
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    to Parliament next week, with the vote lined up for the following week, it was revealed on Tuesday. Speaking several hours after the negotiations at Athens’s Hilton hotel had been wrapped up, government... in Greece holding up a settlement. This underlines how important the prospect of debt relief now

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  9. Tsipras rallies ministers and MPs before multi-bill arrives
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    prominent sceptics within SYRIZA about the deal with the lenders in the build-up to this week’s... on Wednesday that up to 1.1 million pensioners will have their income cut by up to 18 percent

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  10. Industrial production improves by another 8.7 percent in March

    EconomyMacroeconomy

    of the total index. Electricity production, which makes up more than one fifth of the total index, rose... of the total index. Furthermore, water supply production edged up 0.4 percent. All five main... goods (+7.7 percent), while production in consumer non-durables edged up 0.9 percent. The more

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