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Progress rather than breakthrough the target at Eurogroup
PoliticsGreek Politicsfor the review to be completed. Going into the meeting of the eurozone finance ministers, the Greek... about the sustainability of Greek debt and can include the country’s bonds in its QE programme. Tsipras... that highlights the flaws in the International Monetary Fund’s assessment of the Greek economy and its
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Greece forced to revisit prickly subject of pension spending to conclude review
EconomyProgrammeThe Greek government is due to resume negotiations with the institutions in Athens on Tuesday, when.... Such a development exacerbates the already large inter-generational imbalances of the Greek pension system... to dominate the agenda of upcoming discussions between the institutions and the Greek government. The first
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Cyprus talks take a buffeting as leaders fall out
PoliticsForeign PolicyThe climate between the Greek Cypriot and Turkish Cypriot leaders deteriorated dramatically last... throughout the island. A Greek-backed coup aimed at Enosis resulted in the Turkish invasion of the northern part of the island in July 1974. The Greek Cypriot side has acknowledged that Parliament's
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Fitch keeps Greece’s rating at ‘CCC’
Economy. The rating agency’s baseline scenario is that an agreement will be reached between the Greek... and disburse the next bailout tranche without IMF involvement taking into consideration that the Greek... thinks that the European countries’ desire is to avoid a Greek political crisis during an election year
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Greece searches for balanced deal as talks get underway in Athens
PoliticsGreek Politics. He argued that it had been important to ensure that the lenders accepted some of the Greek positions... been put on the negotiating table. The prime concern for the Greek government is to achieve what it can... spending to be reduced by 1 percent of GDP and that the Greek side would like to limit the cuts to 0.75
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomyGreek banks’ Eurosystem funding fell at an accelerating pace of 3.61 billion euros in January after... was agreed, Greek banks’ Eurosystem funding has been steadily reduced by a cumulative amount of 63.57.... This is mainly attributed to the reinstatement of the waiver on Greek government securities and lower haircut
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight... since the imposition of capital controls at the end of June 2015. As a result, the Greek rate... in January, the corporate loan rates in the Greek market still stand more than 250 bps above
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Greeks full of contradictions on ideology and political beliefs, study suggests
Societythey produce and almost all (94 percent) blaming the “incompetence and corruption” of the Greek government..., the percentage of respondents who agree that the children of legal immigrants should receive Greek...) or with a disability (88 percent). While 47 percent of respondents believe that one must be born Greek, 48 percent
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Progress seen after Brussels talks but review conclusion still out of reach
PoliticsGreek PoliticsThere was no tangible outcome from the three days of talks between Greek ministers... parties from their headquarters with a view to conclude the second review." A Greek Finance Ministry... surrounding the current phase of the negotiations. The Greek government and its lenders have been
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Deposit outflows continue in Feb but slow to 750 mln
EconomyMacroeconomyThe Greek banking system recorded outflows for the second successive month, albeit reduced to 750... deposited with a Greek bank as of summer 2016. This means that banknotes that returned to the banking system... of 330 million euros in the ELA liquidity withdrawn by Greek banks in February. It stood at 43.15
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