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Fiscal issues appear settled as Greece and institutions head for review deal
EconomyProgrammeThere appears to have been a breakthrough in the negotiations between Greece and the institutions regarding fiscal issues, which would remove one of the biggest obstacles towards reaching a staff-level agreement on May 24. A senior Greek official told t...
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Coalition picks out positives from lenders' deal, clashes over political violence
PoliticsGreek PoliticsThe Greek government is hoping that there will be a positive conclusion to the discussions taking place among its lenders regarding debt relief, which would provide a significant boost to the beleaguered coalition. A eurozone official speaking to report...
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Key debt relief talks fail to result in deal, leaving IMF role in doubt
EconomyProgrammeA meeting of Greece’s key lenders on Saturday failed to result in an agreement on the debt relief package that is due to be tabled at the June 21 Eurogroup, leaving diminishing chances of the International Monetary Fund being involved in anything more t...
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Greek debt management agency sees Eurogroup debt deal favourably
EconomyProgrammeGreece’s debt management agency, PDMA, issued a report on Wednesday in which it assesses the agreement reached on the June 21 Eurogroup concerning debt relief for the country. The PDMA notes that Greece’s debt now has a comprehensive package of debt rel...
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IMF distances itself from budget talks, leaving Athens and EU to hammer out deal
EconomyProgrammeThe International Monetary Fund has officially indicated that although it believes Greece should implement the pension cuts it has agreed for next year, it will leave it up to Athens and its European lenders to come to an arrangement over the 2019 budge...
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Coalition optimistic about pension cuts deal as it readies reduction to contributions
PoliticsGreek PoliticsThe Greek government is encouraged about the prospects of reaching an agreement with the institutions on pension cuts this week as it continues its drive to legislate the so-called “positive measures.” During a press conference on Monday, German Finance...
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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign PolicyRecent developments mean that it is clear the first months of 2020 will be challenging for Greek-Turkish relations. The Greek government is preparing for Turkish claims that clash with Greece's sovereign rights to intensify since there is no visible sig...
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Greece, Turkey launch new round of talks as Libya sea deal casts shadow
PoliticsForeign PolicyForeign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media reports, Athens is concerned that within the next few days t...
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Greece takes stock of measures to mitigate Covid-19 impact after Eurogroup reaches deal on latest batch
EconomyAfter more lengthy negotiations, eurozone finance ministers arrived at an agreement on Thursday night to add to the measures that have already been announced to combat the economic impact of Covid-19. Although the compromise struck, bridging major diffe...
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankingAlpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune. In a statement released by the bank, they said that they had receive...
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