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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek PoliticsExpectations are relatively low for Monday’s Eurogroup, with the most that can be expected being... about the sustainability of Greek debt and can include the country’s bonds in its QE programme. Tsipras... that highlights the flaws in the International Monetary Fund’s assessment of the Greek economy and its
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Creating a competitive natural gas market: Legal aspects and investment opportunities
Legalcapital. With regards to opening the gas market, the recent decision of Greece’s Competition Commission (no. 631/2016) requires the increase of gas quantities available in DEPA’s electronic auctions. The Competition Commission accepted DEPA’s proposal, whereby new tender quantities will gradually have
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Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammeof that programme relates to its funding, which was not discussed at Thursday’s meeting. Government sources noted after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros... the company’s plan to establish two subsidiaries to which a part of PPC’s customer base would be transferred
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Greeks full of contradictions on ideology and political beliefs, study suggests
Society, this year’s study builds on the think-tank’s previous research that found the country was split into two distinct, but not equivalent, camps as regards their stance towards their country’s involvement... the survey was last conducted, most Greeks (62.1 percent) blame the country’s own shortcomings
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Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
EconomyMacroeconomy, the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday. This year’s... that the February figure includes the dividend received from the Bank of Greece’s 2016 net profits... a number of expenses, excluding payment of salaries and pensions, to improve the state’s liquidity
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Greece and lenders trap themselves over labour reforms
AgoraMonday’s Eurogroup is about to roll around and Greece does not seem much closer to an agreement... on people’s pockets, especially the lower income groups which will be adversely affected by the fiscal... government’s complaint seems to be that during the actual negotiations, the European lenders
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As Athens awaits news from Brussels, New Democracy mends fences
PoliticsGreek Politicssuffice in the effort to reduce PPC’s market share. However, the government faces a potential obstacle... Democracy’s deputy leader Adonis Georgiadis and former Prime Minister Kostas Karamanlis. There were... to the drachma. Thursday’s meeting came after an Athens court cleared all suspects in the Vatopedi
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Out-of-court workout bill prepared amid apparent concern from banks
EconomyProgrammeThe Development Ministry tabled on Tuesday to Parliament’s legislative committee the draft bill... and the eligible debt to be restricted to the company’s debt and not extended to the entrepreneurs... of disputes and complaints. Development Ministry sources rejected HBA’s proposals, stressing that the draft
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Differences over pension cuts stand in way of technical agreement
PoliticsGreek Politicsgovernment’s decision last week to propose new methods for reducing pensions spending by 1 percent... reform in return for this concession from the Greek government. However, Tsakalotos’s letter put... on the labour front are vital for Prime Minister Alexis Tsipras’s efforts to convince party members
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ESM takes stock of Greece's sovereign vulnerability
EconomyProgrammeindicator, a score of 1 to 4 is assigned in the ESM’s analysis. Specifically, if a country is among... years. The report reveals the breakdown for 2009 and 2016 that shows Greece’s score in the fiscal... structure to 1.5 in 2016 from 2.3 in 2009. Greece’s overall score of 1.8 in 2016 remains the lowest
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