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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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Banks enhance steps to deal with NPLs ahead of stress test
EconomyBankingGreek banks will be able to bolster their protective measures against the large number of non-performing loans (NPLs) on their books under planned changes to the Code of Civil Procedure. Changes to the civil code to be legislated and introduced by the...
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Kotzias takes next step in effort to reach name deal, settle Balkan issues
PoliticsForeign PolicyGreek Foreign Minister Nikos Kotzias is due to visit Ohrid in the Former Yugoslav Republic of Macedonia (FYROM) this week for a new meeting with his counterpart Nikola Dimitrov, just a few days after their talks with UN mediator Matthew Nimetz in Vienna...
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