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Tsipras points to debt relief roadmap as deal clincher
PoliticsGreek Politicsused by Greek politicians, particularly those from the two governing parties. Tsipras displayed... in the Greek government about lenders providing debt relief now. Instead, what they are looking... Greek Finance Minister Yanis Varoufakis is not expected to present new ideas, not to lead to further
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Yes to the referendum, no to the way it's being held
AgoraSince the start of Greece’s bailout programs in 2010, there has been an unrequited desire in Greek public opinion for a referendum. In fact, current Prime Minister Alexis Tsipras urged the then Greek... potentially clear the air, erasing the pro-memorandum/anti-memorandum dividing line in Greek society
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An impossible choice
Agoraas deliberate leaks. Sandwiched in between this past fortnight are the Greek citizens... for Greek citizens. In light of the massive deposit outflows in recent months, speculation was rife... be the start of our experience, and possibly the easier part of the journey ahead. The Greek people’s
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IMF urges substantial debt relief for Greece
EconomyProgrammesustainability analysis (DSA) that was released on June 26, arguing that Greek debt has become highly unsustainable. The IMF stresses that the closure of Greek banks and the imposition of capital controls.... However, absent a radical solution to the governance issues that are at the root of the problems of Greek
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What the latest set of prior actions mean for home foreclosures
Economyon in the Greek Parliament late on Wednesday. The final bill includes only the two measures referred... are protected from foreclosures until the end of 2015. The Hellenic Bank Association, which represents Greek and foreign banks operating in the Greek market, issued a press release yesterday stressing
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Credit contracts at slower pace of 1.7 pct in June, monthly loan flow positive
EconomyMacroeconomyGreek bank credit contracted at a decelerating pace for the third successive month in June, when... percent year on year. Despite the surprisingly positive flow in June, Greek bank credit continues... respectively. Apart from the liquidity issue, the key risk factor for Greek banks relates to the evolution
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Greece and lenders appear close to third bailout deal, with few issues outstanding
EconomyProgrammeAfter lengthy meetings between the Greek Finance Minister Euclid Tsakalotos and Economy Minister... subsidies will be eliminated in the next 14 months. On VAT, the Greek request for lowering the rate on beef... billion euros from the new bailout to cover: 1) The redemption of the 3.2-billion-euro Greek
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Greece deal leaves many questions
Agora-October. But so far the creditors have just pledged to sort out the 95 billion in NPLs at Greek... the target revenues given that there will be a complete fire sale of Greek assets. Finally, a big question mark remains over Greek political stability. If there are no further defections over the next
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeand SMP bonds (2.9 billion). 2) New Greek government bonds (issued after the PSI) mostly held... (1.8 billion). 5) Greek Loan Facility (GLF) loan (1 billion). 6) New European Stability Mechanism (ESM..., which is to be replaced by a new 3-year that still needs to be negotiated and agreed with the Greek
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EC study: VAT gap in Greece at 34 pct, more than double the EU average
Economystable at 15.2 percent of VTTL. The Greek ratio edged up to 34 percent in 2013 from 33.4 percent.... The comparison of VAT revenues to GDP shows the Greek rate is in line with the EU average and above that for Belgium, France, Netherlands, Slovakia, Ireland, Spain and Italy. However, the Greek ratio
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