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Debt relief talks enter final phase, with June 21 as target for deal
EconomyProgrammefor the restructuring measures to be as up-front and automatic as possible, but Germany and several other... abolishing the step-up interest rate margin related to the debt buy-back tranche from the end of 2012... of EFSF interest and amortisation up to 15 years. Fiscal gap If the IMF does decide to join
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Key debt relief talks fail to result in deal, leaving IMF role in doubt
EconomyProgrammeto work within the agreed lines. This means vis-à-vis the EFSF loans that the extension can be up... June. The other debt relief measures under consideration include abolishing the step-up interest rate... that will kick in if the Greek economy misses its growth targets. The Fund wants the top-up measures
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Multi-bill and MTFS heading to Parliament for conclusion of fourth review
EconomyProgrammeThe multi-bill containing the legislation that aims to wrap up the remaining prior actions is due... extension. The Euro Working Group and the Washington Group made up of Greece’s main lenders... Petroleum decides to sell its share, the government may also put up a 14 percent holding so
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After an international agreement comes the domestic politics
Agorathe two countries progress smoothly and that nationalists on either side do not find a platform to whip up... support, which means that there is no parliamentary majority. Mitsotakis followed this up with a visit... that this is the best way to keep his party united and to pick up the extra votes he needs
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Privatisation projects gather pace as Athens targets 2 bln in revenue for 2018
EconomyProgrammeof buying up Shell’s stake in the Attica Gas corporation. The deal represented a necessary step... its stake, the government could then add up to 14 percent of its own stake to bring the total offer... investors (11 percent) and private investors (8 percent). At least 50.1 percent of HELPE is up for sale
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Quasi-statesmanship and political gymnastics
Agoratreason,” including from within New Democracy’s ranks, are a shameless attempt to whip up public... of these negotiations (as in the past) that language and nationality were not up for discussion... failed to show he has a parliamentary majority to support it. Yet in the build-up to the agreement
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About last night
Agorafor building up the cash buffer based on the planned disbursement schedule for 2018. In the end... surpluses of 3.5 percent of GDP this year and all the way up to 2022. It is only to be expected... liked to have those long-term concerns addressed up front with specific debt commitments should its
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Lenders set out post-MoU reform tasks ahead for Athens
EconomyProgrammeof the measures for debt relief that Greece’s lenders have pledged - the abolition of the step-up... unified pension fund (EFKA) is expected to be fully set up by mid-2020, while reforms in the health care... appointments of secretary generals and directors. The process has to be up by mid-2019. The mobility
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Newsletter 168 -29/06/2018
have lifted sentiment around Greece, though follow-up reports reveal tight schedules and a fine... of the measures for debt relief that Greece’s lenders have pledged - the abolition of the step-up interest margin... estimates. Fiscally, the assumption remains unchanged for a surplus of 3.5 percent of GDP up to 2023
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeof debt burden, the GFN is also reduced by 2.7 percentage points of GDP to average 10.6 percent up..., Greece expects a cash infusion of 5.8 billion euros up to 2022 from the SMP and ANFA profits and saves 200 million annually from the abolition of the step up interest margin from the debt buyback in 2012
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