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The year that Greece (nearly) saw it all
AgoraSince the Greek crisis began, the action has hardly stopped. But even by its standards, Greece.... Happy reminiscing. Best regards, Nick Malkoutzis Editor The Agora You've heard the Greek crisis... This is the deal Greece will go in search of at Wednesday's sceptical Eurogroup Feb 7 Economy Greek
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Greece, eurozone edge closer on pensions and fiscal gap but IMF keeps bar high
EconomyProgrammeforeseen by the Greek authorities, the European institutions and the IMF. Thus, the date of the mission... - are broadly aligned with those of the Greek government on the fiscal gap for 2016. However, he stressed..., whilst the IMF’s forecast is close to 1.8 percent of GDP. The deviation from the Greek authorities
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Tsipras plays to domestic gallery over IMF dispute
PoliticsGreek Politicsthe International Monetary Fund leaves the Greek programme. While Tsipras did continue his criticism... a permanent break with the fund at this stage. The Greek premier highlighted what he believes have been... Mouse” measures from the Greek side. “Some people ask us why we don’t accept a reduction
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammeCommission (EC) appears to support this stance and it officially confirmed earlier this week that the Greek... of Greek Workers (GSEE) and the civil servants’ union (ADEDY) called a 48-hour general strike on Friday... President Mario Draghi to the Greek NEP Notis Marias it was clarified that “there is no specific
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Eurozone sets out proposals for staggered debt relief for Greece
EconomyProgrammeThe Greek government was encouraged by the public references to debt relief following Monday’s... to Greek debt: Short-term, medium-term and long-term. Any measures adopted will seek to put...) sees the Greek economy growing by 3.1 percent in 2018, 2.8 percent in 2019, 2.5 percent in 2020, 1.5
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NPL resolution in Italy and Greece
Agoraand certain creditors. Initially, the Greek approach was a combination of imposing a moratorium... of Greece. Under these circumstances Greek banks will also have to comply with the new regulations mandated... in the partnership. KKR’s involvement in Greek NPL management is an expansion of its bad loan platform
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BoG cautions on impact of tax rises, updates on rising NPEs
EconomyMacroeconomythat are crucial for the Greek banking sector are planned for the coming months. These include developing... a previous statement by BoG governor Yannis Stournaras that the reinstatement of a waiver for Greek... quality The BoG also provided on Wednesday an update on the evolution of Greek banks’ loan quality
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Tsipras faces challenge in turning promise of China trip into reality
PoliticsForeign PolicyThe week in Greek politics has begun with Prime Minister Alexis Tsipras getting back down... there is a belief within the Greek government that because of its burgeoning economic ties with China... and Shanghai. Apart from President Xi Jinping and Premier Li Keqiang, the Greek leader also met
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Siemens trial hitch ratchets up tension between coalition and judiciary
PoliticsGreek Politics, including the list of charges, so they could be handed to the non-Greek defendants among more than 60 people... of suspects who worked for the electrical and engineering giant and are accused of bribing Greek public.... Mantelis is the only Greek politician who has so far been convicted in connection to the alleged bribes
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Deposit inflows of 1.07 bln in June, highest in first half of 2016
EconomyMacroeconomyGreek private sector deposit flow remained positive for the second straight month with inflows... return to Greek banks in the coming months. Total deposits - which also include general government (gg.... Meanwhile, the reliance of Greek banks on Eurosystem funding notably dropped by 8.57 billion euros
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