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An uncertain and wasted year for Italy
Agora’s tenure in office will avert the risk of expansionary spending measures in the short term and buy..., returned the mandate to form a new government on Sunday, leading Italy’s two main populist to drop..., a rejection of the eurozone’s fiscal rules, and an Italy-first agenda. In the wake of the standoff
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Despite fresh uncertainty, Tsipras insists focus is on four-year term
PoliticsGreek Politicswill be held in good time, when the government’s term expires,” he told the audience. Tsipras had also... in Italy, which have sent Greece’s bond yields upwards and have created doubts about whether... of the government’s holistic growth strategy would also help to bolster Greece. The fluid situation in Italy
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingpart in reducing NPE stock going forward. Currently, Eurobank’s bad loan portfolio up for sale... for Eurobank. Under the adverse scenario, the bank’s CAD, including the effect of Tier II securities... said the results for the first quarter were fully in line with the bank’s priorities for the year
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Multi-bill and MTFS heading to Parliament for conclusion of fourth review
EconomyProgrammeon Tuesday by Greece’s Fiscal Council, while Alternate Finance Minister Giorgos Houliarakis also... in 2020. Finance Minister Euclid Tsakalotos also revealed during Tuesday’s briefing that 15 percent... programme, post-MoU surveillance and debt relief. Regarding the restructuring of Greece’s debt
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CPI up by 0.6 pct in May, second positive reading the year
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 0.6 percent in May after remaining stable in April...’s headline figure of -0.2 percent, which was the first negative reading since November 2016... compared to April’s figure. The core index remained unchanged in May following a 0.1 percent rise
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Debt relief discussions continue as clock ticks down to June 21 Eurogroup
EconomyProgrammeof Greece’s EFSF loans (the 131 billion lent as part of the second bailout) will be extended... not have any financing needs to worry about in the coming months. Bild’s take on what might be agreed... the eurozone’s lending to Greece, was recorded as one of the potential relief measures
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Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
EconomyMacroeconomyGreece’s central government primary cash balance recorded a surplus of 6.40 billion euros... billion, down by 8.4 percent year-on-year. The current month’s revenue figure reverses the increase... to 17.71 billion euros against last year’s total of 16.94 billion. Compared to the same time last
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Tsipras aims to capitalise on debt deal as election talk is revived
PoliticsGreek Politicsthe beginning of the government’s effort to capitalise on the debt relief deal with the lenders... programme. The government’s focus now seems to be turning towards highlighting the benefits of the debt.... Speculation has already begun regarding next year’s pension cuts. The local media reported on Monday
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CPI rises by 1 pct in June, staying positive for third month
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1 percent in June following an increase of 0.6 percent... by January’s headline figure of -0.2 percent, which was the first negative reading since November... July 2017 to June 2018 was 0.6 percent. Month-on-month, the CPI rose by 1 percent compared to May’s
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Eurosystem funding falls by 4.56 bln in June to 16.31 bln
EconomyMacroeconomyfigure had declined at a much milder rate of 716 million. June’s reduction brings the total for central bank funding to 16.31 billion euros for the month compared to May’s total of 20.87 billion, taking... of Greek banks’ EFSF holdings in the ECB’s quantitative easing (QE) programme. Interbank repos have
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