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No deal at Eurogroup but also no clear way forward
PoliticsGreek Politicsit appeared that a statement would be issued. It appears that there were objections from the Greek side... extended. It has been reported that the Greek delegation, led by Finance Minister Yanis Varoufakis... before the end of February to settle the Greek issue. The question is whether Athens's desire for what
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Signs that Greece-eurozone deal may be in sight but much work remains
PoliticsGreek Politicshow the meeting failed to lead to a joint statement being issued. Greek government spokesman Gavriil Sakellaridis insisted on Thursday morning that at no point did the Greek delegation agree... by the Financial Times included the sentence: “The Greek authorities have agreed to work closely
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Eurogroup leaves Tsipras with difficult but not impossible deal to sell at home
PoliticsGreek PoliticsIf things progress over the next few days it looks likely that Greek banks will again be able to use...-month period. This is a complete departure from how the bailouts have worked now as Greek governments... of the previous government, such as further pension cuts and increases to VAT on Greek islands
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Coalition rhetoric opens up more fronts for Greece
PoliticsGreek Politics“provocative” actions in the Aegean came after the defence minister visited some remote Greek islands... of Greece. Greek military authorities said that a Turkish F-16 fighter flew over Farmakonisi without... in the Aegean, including over Greek islands, for military exercises only to withdraw the notice a few days
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeof seven reforms submitted by Greek Finance Minister Yanis Varoufakis last week - a vital step towards... their participation in the previous auction last December and Greek banks covering almost the entire... recently requested Greek banks not to increase their T-Bill exposure at levels higher than those
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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek PoliticsThe Greek government, which is entering its seventh week in power, is due to pass its first... zero fiscal impact as the Greek government argues. The combination of liquidity concerns... 1.6 billion euros in T-Bills. The latter should not prove a problem as the T-Bills are held by Greek
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Tsipras to meet Merkel amid search for political backing
PoliticsGreek PoliticsChancellor Angela Merkel in Berlin on Monday, March 23, with the Greek government hoping that the talks... feature in any prominent way on the agenda. From the time it came into office in January, the Greek... level have stalled. The Greek side appears perplexed as to why lenders are demanding the formulation
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After paying IMF, Greece looks to cover remaining funding needs for March and April
EconomyProgrammeon Thursday night, the Greek leader reportedly said his government has enough cash to meet obligations... the pension funds to invest their cash reserves in Greek government securities safeguarding at the same time... Greek banks being allowed to participate with higher amounts in T-Bills issues and Greece to receive
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Government's strategy unclear as pressure from lenders mounts
PoliticsGreek Politics, the Greek government appears unsure about what strategy to adopt. Despite mounting speculation about... the Greek government of having “destroyed” in the last three months the progress made in previous... an agreement. The messages from politicians and the markets that a Greek exit would be disastrous
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Much ground to cover as Greece, lenders prepare to resume talks
PoliticsGreek Politicsthe Greek issue. However, other reports suggest deep scepticism among Greece’s lenders regarding the possibility of a deal even being reached by May 11. While the Greek government says it is hopeful... and that the Greek side still believes it is being asked to yield too far in order to secure more
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