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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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Gov't sees reform multi-bill as path to funding but resistance abounds
PoliticsGreek PoliticsThe Greek government is to present its reform multi-bill to the Euro Working Group on Wednesday..., such as pension reform, VAT hikes and labour market liberalisation. It appears that the Greek... disbursement and that no funds would be transferred unless there is a complete agreement. During the Greek
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Uptick in time deposit rates, mixed trends in corporate loans
EconomyMacroeconomyperiod. At the same time Greek banks have witnessed deposit outflows of around 27 billion euros over... mid-2013 when the last round of Greek bank consolidation took place. Back in 2012, there were more than 15 banks in the Greek banking market, with the smaller ones hiking deposit rates to attract deposits
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Athens keeps options open on gas pipelines despite nudge from Washington
PoliticsForeign PolicyThe Greek government’s multi-pronged approach to energy issues has been in focus over the past few... the Greek premier held talks in Moscow on April 8. Then, Tsipras stated clearly his government’s interest... in Brussels and Washington regarding the Greek government’s flirt with Russia over energy issues
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SYRIZA caught in push and pull between voters and members over deal
PoliticsGreek Politicswith lenders that will mean adopting more austerity measures, and Greek society, which is growing... that “the government’s red lines are also the red lines of the Greek people.” It also raged against Greece... memorandums. “These demands are not acceptable,” said the statement. “They cannot be accepted by the Greek
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Close call on IMF payment puts Tsipras under more pressure at home, abroad
PoliticsGreek Politicsexposed the fraught state of the Greek government. The most surprising aspect of the weekend’s... is also likely to bring more pressure for Greece from its lenders. Tsipras has asked for the Greek... counterparts for Greek debt relief. The Fund staff also warn that it will be difficult for Greece
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