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Eurosystem funding drops by 1.45 bln in March as ELA reduction offsets ECB rise
EconomyMacroeconomy(ECB) funding to 11.24 billion euros. March’s figure is the first time since October 2017 that ECB... applied on ELA collateral, participation of Greek banks’ EFSF holdings in the ECB’s quantitative... for three months running. Despite the reductions, this month’s figure stands around 3.83 billion above
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammefinancing envelope and an EFSF reprofiling within the maximum Programme Authorised Amount. Greece’s... to Greece’s fiscal commitments in the coming years. The IMF continues to believe that in order... Christine Lagarde and the head of the Fund’s European Department, Poul Thomsen, repeated this message
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PM tries to halt election speculation as poll gap widens
PoliticsGreek Politicsof foreign policy issues in particular. Tsipras spoke at a meeting of SYRIZA’s political secretariat... might be held. The prime minister was also due to address SYRIZA’s parliamentary group on Monday..., while just 13 percent think the same about the Macedonia name issue. In contrast, New Democracy’s
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Disposable income grows by 0.4 pct in Q4, final consumption shrinks by 0.6 pct
EconomyMacroeconomydeclining from Q3’s increase of 0.8 percent, according to Hellenic Statistical Authority (ELSTAT) data... remuneration grew by 2.6 percent, rising from the previous quarter’s increase of 2.1 percent, and stood.... Taxes on income and wealth rose substantially by 15.6 percent compared to the previous quarter’s rise
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeon this issue among the lenders, such as Germany’s apparent insistence that additional debt relief... before June 21 as Germany’s view is not shared by everyone on the creditors’ side. There was an interesting interjection from the European Central Bank’s representative Benoit Coeure, who argued
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EC forecast acknowledges pressure on Greek households, revises down growth
EconomyMacroeconomythe external sector’s contribution. For 2018, EC concedes that the performance of private consumption... is less than half the previous 1.2 percent growth forecast and next year’s is also lower from the 1.2... Greece’s significant fiscal overperformance in 2017 when the primary surplus beat the target by 2.5
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Industrial production rises by 1.1 pct in March
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) rose by 1.1 percent in March after a revised decline of 1.9 percent in February, Hellenic Statistical Authority (ELSTAT) data revealed on Thursday. March’s... by 2.5 percent, and came to 97.19 for March. March’s industry confidence indicator published
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Lenders return to Athens with much work ahead to reach SLA by May 24
EconomyProgrammeon Monday with the return of the institution’s technical teams, who will be followed by the mission chiefs... Athens has made in completing the fourth review’s 88 prior actions. The discussions in Athens...,” the head of the European Central Bank’s mission, Francesco Drudi, told Naftemporiki in an interview
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Greek Salad (made in Italy)
Agorawill deliver a free lunch. This has been so clearly demonstrated during the few months of SYRIZA’s ill... economic plans of Italy’s coalition-in-waiting are nothing if not farcical. Let us have a quick look... a radical reform of the EU’s much fought-over bail-in regime (meaning allowing more bailouts); will ask
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After fourth review SLA, build-up to May 24 Eurogroup begins
EconomyProgrammeto the implementation of the fourth review’s prior actions and the discussion on debt relief... but Bloomberg reported on Monday that the plan foresees changes to Greece’s banking landscape... some of the remaining funding available in the third programme’s envelope to buy out the loans the IMF
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