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Troika and Greece in stalemate over budget targets, prior actions as time ticks away
EconomyProgrammethat Greek debt restructuring “is not the right thing to do, it is not needed, it not useful... at the beginning of next year, Greek banks may not have access to ECB funding but resort only to Emergency Liquidity Assistance (ELA). Greek banks have eliminated the more expensive ELA funding since last May
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Papandreou seeks new, undefined role on political centre stage in Greece
PoliticsGreek Politicsdisappointment with the current state of Greek politics and the lack of understanding between parties. He... interventions suggest that he believes he still has something to offer to Greek politics.... In the current fragmented Greek political scene, there would even be doubts about a new party led
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Top SYRIZA officials hint at path to compromise with eurozone
PoliticsGreek Politicsto approve a major haircut, wiping out the “majority” of Greek debt held by the eurozone. Nevertheless... that would allow Greek interest payments to drop from 4.3 percent at the moment to between 2 and 2.5 percent. This suggests that SYRIZA’s position on Greek debt reduction is much closer to the scenarios
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This is the deal Greece will go in search of at Wednesday's sceptical Eurogroup
PoliticsGreek PoliticsCentral Bank to accept again Greek bonds as collateral and keep providing liquidity to local banks... of Greek bonds on the secondary market via the SMP scheme. - Pledge from Greece to submit during... Greek government could not or would not pass the measures demanded in order to complete the programme
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Greece prepares set of proposals for bridging deal with eurozone
PoliticsGreek Politicsin Greek government bonds held by the ECB with perpetual bonds. The details of the bond swaps... until September. Such an agreement would also mean that Greek banks could continue having access to the Emergency Liquidity Assistance (ELA). After a decision last week, Greek banks cannot resort to ECB
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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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