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S&P puts Greece on watch for downgrade after sizing up new coalition
EconomyGreek government are incompatible with the policy framework that has been previously agreed... that the likelihood of a distressed exchange of Greece’s commercial paper has increased further either because official funding has beem curtailed, government borrowing requirements have deteriorated beyond
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Media pluralism in Greece at risk due to political links and concentration, study finds
Societyand the underlying interdependence between political, economic and media elites, a new EU-co-funded study has... and/or control as regards internet service providers”. This has led to a “a high ownership..., it has introduced media-specific competition rules to curb a high degree of cross-media ownership
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Samaras future unclear as New Democracy enters period of introspection
PoliticsGreek Politicsleader Kostas Karamanlis taking an increasingly central role in developments. Karamanlis has met... candidate for this position. There has been a rumbling of discontent from within the New Democracy ranks over the past few days. This has come from the more moderate section of the party and the one still
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Greece and lenders with conceptual, as well as practical, gaps to bridge
PoliticsGreek PoliticsDijsselbloem that ended with a terse handshake and the Dutchman’s obvious displeasure has heightened..., European Central Bank and the IMF. It is such a departure from how the process has worked since... that will not be the troika. At the same time, though, SYRIZA will also have to flesh out what reform plans it has
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After Schaeuble talks, Greek gov't still focussed on ditching existing bailout
PoliticsGreek Politicsthe current bailout. It is due to expire at the end of the month but Varoufakis has said that the new government does not want to accept more loans. He has only singled out the 1.9 billion euros in profits... with the troika inspectors and abiding by the programme, pointing out that if it has to be changed it would
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Capital controls in Greece? A response to Professor Sinn
Agoraof Grexit, while they would also be less costly for Greece than Grexit. The EZ has an incentive... that lacks liquidity, simply because ELA has reached an arbitrary upper bound? Third, Professor Sinn... for the Cooperative Bank has been deemed unnecessary, and since the Cypriot economy outperformed Troika/MOU
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Public support for coalition still strong but Tsipras walks fine line with party
PoliticsGreek Politicsleft wing, or Left Platform as it is known, which has objected most strongly to the deal reached... has “vagueness and several critical problems.” He insisted, however, that the government would be able... will also point to the surprisingly strong support that his government has among voters. In the first
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Where next for Greece's troubled privatisation programme under SYRIZA?
EconomyGrid Operator (DESFA) to the Azeri SOCAR has yet to be approved by the EU’s Competition Commission... to: a) Not to roll back privatisations that have been completed. Where the tender process has been launched..., has repeatedly stressed that the government will stop the privatization of PPC and is reluctant
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After Eurogroup, hard work, more pressure and sliver of hope for Greece
PoliticsGreek Politics” - entering ministries “with a power play that smacked of a colonial attitude” has “finished.” Varoufakis... is of the essence for the coalition as it only has cash to pay its obligations for the next few... on whether the limit can be raised from the current 15 billion euros, which has already been reached
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Coalition ready to pass first legislation as agenda for lenders' talks grows
PoliticsGreek Politicsof those three measures stands at 200.3 million euros and the government has identified savings in two... that the government is under extreme pressure to meet its commitments. It has to pay 950 million euros... banks. However, the government has been forced to gather the cash reserves of various public
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