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Athens sees faster pace of progress in review talks but no final deal yet
EconomyProgrammeFollowing the small progress made during Monday’s talks, Greek government sources appeared more optimistic after Tuesday’s meetings noting that a “quite large agreement” has been reached on many issues. However, the same sources stressed that quite a lo...
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Global deal in April ruled out as labour reforms prove biggest obstacle
EconomyProgrammeSpeaking to Parliament’s Economic Affairs Committee, Finance Minister Euclid Tsakalotos said on Thursday that the agreement with the institutions would be difficult but would also have “positive surprises,” which could pave the way for QE from the Europ...
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Stocks climb 4.8 pct on increased optimism about deal with institutions
EconomyThe Greek stock market rebounded strongly this week, shooting up by 4.8 percent for the first rise after three weeks amid increased optimism that a technical agreement between the government and the institutions is within reach. This was largely fuelled...
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Squeezed at home, ministers return to Brussels to look for deal with lenders
PoliticsGreek PoliticsIn the absence of the return of the missions to Athens to conclude a technical agreement, Greek ministers are heading to Brussels in a last-minute attempt to rescue the programme review ahead of Friday’s Eurogroup in Malta. Despite several teleconferenc...
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Progress seen in Brussels talks but no deal in sight yet
PoliticsGreek PoliticsThere was progress but no breakthrough during the talks between Greek ministers and representatives of the institutions in Brussels on Tuesday evening. Eurogroup chief Jeroen Dijsselbloem, one of those taking part, tweeted that “good progress” was made ...
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Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation
EconomyMacroeconomyThe agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget O...
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Buoyed by review deal, stocks surge 5.9 pct for second straight weekly rise
EconomyThe Greek equity market climbed for the second straight week this week, rising by 5.9 percent in the aftermath of the agreement at a technical level reached between the government and the institutions on Tuesday morning. The positive market sentiment wa...
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Greece eyes higher growth as possible catalyst for Eurogroup deal
PoliticsGreek PoliticsIn an apparent change of direction, the Greek government appears to have pinned its hopes for an agreement with creditors at the June 15 Eurogroup on the possibility of the country’s growth projections being revised upwards and this feeding into the deb...
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Greece secures next bailout tranche, moves towards deal with lenders
PoliticsGreek PoliticsGreece and its lenders appeared on Thursday to be on the way to an agreement that would provide Athens with its next bailout tranche and little more clarity on debt relief, but not the level of detail that Athens had hoped over the past few months. Foll...
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Slow pace of civil service evaluation, Hellenikon deal add to review agenda
PoliticsGreek PoliticsSeveral areas of potential tension between the government and Greece’s lenders have emerged ahead of the third review. Athens is still struggling to find a way to conduct a performance evaluation in the public sector after civil servants’ unions instruc...
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