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Tsipras begins effort to avoid SYRIZA division over deal with creditors
PoliticsGreek PoliticsPrime Minister Alexis Tsipras began on Wednesday his effort to quell any unrest within his party after Friday’s Eurogroup agreement and the reform proposals agreed by lenders on Tuesday signalled a retreat from many of SYRIZA’s pre-election pledges. Tsi...
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Greek stock market up by 3.5 pct over week amid hope of bailout deal
EconomyThe Greek stock market rebounded 3.5 percent this week, albeit with subdued volumes, amid increasing confidence that Greece would reach an agreement with official lenders in the next couple of weeks. Most of the large-cap index constituents closed on po...
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Greek stocks dive by 4.7 pct as bond yields climb on absence of deal with lenders
EconomyFollowing a nosedive of 5.9 percent on Friday, Greek shares remained deeply in the red on Monday as they recorded further losses of 4.7 percent. The negative newsflow stemming from the failed discussions in Brussels between Greece and its lenders soon w...
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Greek stocks rise by 16 pct during week on hopes of deal in Brussels
EconomyThe Greek stock market ended the week with gains of 16 percent following a relief rally in the first two sessions amid increased optimism for an agreement between Greece and its lenders. Since then the market slightly corrected on Wednesday and rebounde...
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeAfter lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis with the quartet of Greece’s lenders in Athens over the weekend, there is an increased optimism that an agreement for a new 3-year bailout...
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Greece, lenders reach deal to secure bailout sub-tranche and bank recap funds
EconomyProgrammeAfter discussions with Greece’s lenders throughout the day on Monday, Finance Minister Euclid Tsakalotos told reporters after midnight that the government had reached an agreement with the quadriga mission chiefs on all issues related to the prior actio...
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Deal with lenders buys coalition more time but not internal calm
PoliticsGreek PoliticsHaving overcome the obstacle of reaching an agreement with Greece’s lenders to secure the next bailout tranche and recapitalisation funds, the government now faces the test of passing all the necessary measures through Parliament before the Euro Working...
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Greece and lenders seen inching towards deal on ADMIE
EconomyProgrammeThe Greek government and the institutions have reportedly reached an initial agreement on the privatisation of the electricity transmission company (ADMIE), which is one of the 13 milestones Greece has to implement to receive the next sub-tranche of 1 b...
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Gov't hopes deal with lenders on prior actions will prove politically palatable
PoliticsGreek PoliticsGreece and its lenders have reached an agreement on the details of the 13 prior actions the government will have to pass to trigger the release of another 1 billion euros in bailout funds. There was a compromise between the coalition and the institution...
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Greek ministers still hopeful of reaching deal with creditors this month
EconomyGreek Finance Minister Euclid Tsakalotos, Labour Minister Giorgos Karougalos and Economy Minister Giorgos Stathakis gave a joint press briefing on Tuesday afternoon to provide an update on the state of negotiations with the institutions. Tsakalotos conf...
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