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The Greek debt circle can be squared
AgoraFrom the beginning of the crisis, Greece’s debt has often been the elephant in the room. Over the last year it has taken on the form of an unsolvable equation as key decisions makers have taken positions that do not appear to overlap. The International Monetary Fund (IMF) has adopted a consistent
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Greece’s downstream oil industry adapts to shifting demands
EconomyFeaturespeaked in 2007, and has been falling ever since. Additional taxes and shrinking disposable incomes... issue for a country which has refined petroleum and its products as its number one export product... crude oil suppliers will certainly disturb the careful balance to which Greece’s refining industry has
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Presidential shuttle diplomacy between Athens and Berlin
Agorawas a major takeaway from Obama’s Athens visit. As outgoing US president, he has taken the liberty.... What is rather uncertain at this point is the amount of leverage he has left in his remaining days..., will continue to remind the European creditors that Greece is the continent’s problem. He has
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Contrasting views on Cyprus breakdown; Greek role under scrutiny
PoliticsForeign Policydifficulties in efforts to reach a solution. The Greek and Greek-Cypriot sides believe that Turkey has... Cypriot side has hinted that the Greek side played a damaging role by insisting on the withdrawal... as well. and this has been supported by some press reports in the Greek Cypriot papers. This may be why
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Having failed to resolve differences, Greece and lenders enter new week of talks
EconomyProgrammeto the funding of the guaranteed minimum income (GMI). Its funding for next year has been resolved. Regarding... application has to be approved by 60 percent of creditors. Meanwhile, European Commissioner..., Moscovici said that significant progress has been made on the second review and technical details
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EU officials see Greek deal close, broad debt talks to follow
PoliticsGreek Politicsto be implemented in 2019 and 2020, Moscovici insisted that any decision has to be within the framework... of the key debates in the Eurogroup,” said Dijsselbloem of the primary surplus issue. “The IMF has... and others have said it is necessary given that Greece has to comply to the growth and stability pact, which
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The IMF and Greece's bitter pill
Agoracriticised over its involvement in the first two Greek programmes, the IMF has remained on the sidelines since the start of 2015, although it has been heavily engaged in talks. During this time, it has made... Greece has to stack more measures that the IMF believes will kill off demand and growth in the short
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Tsipras wins domestic support for pension bonus but key struggles lie abroad
PoliticsGreek Politicsto 1.6 million pensioners and knowing that he has put main opposition party New Democracy... making a move that has some appeal to voters, Tsipras also managed to put New Democracy... and Economic Affairs Commissioner Pierre Moscovici, and has a meeting with Merkel lined up in Berlin
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After pension dispute with lenders, coalition faces domestic unease
PoliticsGreek Politicsout its excess surplus. New Democracy has been the most active in trying to compound the government..., who has a stronger connection with the party’s traditional right-wing supporters than conservative leader Kyriakos Mitsotakis, has had a more prominent role in the last few weeks – a sign
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Mindful of role, Athens gears up for Cyprus Conference
PoliticsForeign Policy. Meanwhile, there has been no progress or even preparation between the two sides on the island... on the issues of security and guarantees. No preparation has been made so far. Athens has set.... Since then, however, and following talks between Tsipras and Anastasiades, Athens has refrained from
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