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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsa deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has... be rolled into talks about a third bailout package for Greece. Athens has another 1.5 billion euros... Commission President Jean-Claude Juncker. IMF demands However, the discussion has been complicated
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Greece expects no surprises from ECB despite questioning chances of deal
PoliticsGreek Politicsreport suggesting that the IMF has been pressing European lenders to draft a plan for Greek debt relief... more an imprudent attempt to capitalise on the buzz created by the FT story (which has been rebuffed... contacts with the ECB, which at the moment is by far and away the most important partner that Greece has.
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Athens keeps options open on gas pipelines despite nudge from Washington
PoliticsForeign PolicyThe Greek government’s multi-pronged approach to energy issues has been in focus over the past few... in extending the pipeline, which aims to carry gas from the Black Sea to Turkey. TAP, which has... a “Greek Stream” extension to the Turkish Stream. The government, however, has already stressed
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyby the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit for Greek banks on a weekly basis (from bi-weekly before). The cap has been revised upwardly twice... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion
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Signs of siege mentality in gov't dispute with lenders, BoG governor
PoliticsGreek Politicsof the 7.2 billion euros. Athens has put forward similar arguments in the past but the latest attempt... relationship has also been poisoned further by the regular leaks regarding bank withdrawals over the last few... that the battle of attrition that has been going on for some months will continue.
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Fitch keeps Greece's rating at 'CCC'
Economyand depositor confidence has derailed Greece’s economic recovery. This damage will take time to repair..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... withdrawals. In addition, loan quality has the potential to further deteriorate given the downside
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek Politicsthat the International Monetary Fund has convinced the other partners Greece needs to stick to pension... any suggestions that his administration has been forced into a corner by creditors. Indeed..., chance to govern) unless he has run out of other options.
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Unemployment unchanged at 25.6 pct in Mar but number of employed still falling
EconomyMacroeconomyby 16,100 MoM to 3.52 million, which is the lowest reading since April 2014. In addition, there has been.... This is the lowest reading since May 2012. The jobless figure has almost tripled over the last... for a job. It is the fourth straight month this figure has risen. After a sharp drop by almost 30
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Tsipras keeps IMF waiting, turns focus to MPs and opposition
PoliticsGreek Politicscoalition partner, the Independent Greeks. The nationalist party has remained mostly quiet... one eye on his coalition partner, the Independent Greeks. The nationalist party has remained mostly... from Parliament, theoretically giving him a mandate to agree a deal with lenders, but this has
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Tsipras mulls options as creditors pile on pressure
PoliticsGreek Politicsevening but Athens has not publicly acknowledged such a deadline. The mood in Athens following... officials have identified Thursday's Eurogroup as the moment by which there has to be some kind... of the proposal already made by the institutions and that has to be implemented virtually overnight rather
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