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Tsipras urges SYRIZA MPs to focus on ever-closer MoU exit
PoliticsGreek PoliticsEntering the final stretch of negotiations with the institutions, Prime Minister Alexis Tsipras has...,” he told lawmakers. In essence, this is a reaffirmation of the message that Tsipras has been sending... that Tsipras often visits in his speeches and is still one of the most potent tools he has in bringing his
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeStability Mechanism to be activated. This point seems to be one of the biggest hurdles that has to overcome... they can be” the better. The ECB has also advocated Greece taking out a precautionary credit line.... The central banker also stressed that although progress has been made on electronic auctions
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War of words fuels bitter mood in Greek politics
PoliticsGreek Politics’s sister. Kammenos has been involved in a long-running battle with Marinakis. The minister accused... mood in Greek politics. This is being fuelled by much of the media, which has taken a partisan... the opposition has recently tried to highlight the government’s weaknesses is foreign policy, particularly
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Turkish elections put Athens on alert as name talks reach crucial juncture
PoliticsForeign Policyhigh level of tension with Greece. The government has decided not to reply to statements made... is concerned that the Turkish leadership has linked the issue of the two Greek soldiers with the eight... to hold election rallies in Western Thrace. Unlike Germany, it has not taken any decision to forbid any
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OECD highlights reforms and imbalances that need to be addressed
EconomyMacroeconomythe progress that has been achieved on a number of fronts as Greece is approaching the end of its... falls well short of the rest of the countries in OECD and has room for significant focus... credibility has strengthened due to the fiscal consolidation bearing fruit in the form of strong
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Athens and creditors place immediate focus on remaining key deliverables
EconomyProgrammemuch progress the Greek government has made in completing the 88 prior actions of the current review... be ticked off the list. One of the prior actions that has trouble the government most... as the International Monetary Fund has not yet officially backed down from its demand for the reduction
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingquarters in which NPE formation has declined. The bank reported that YoY, NPEs have been reduced by 3... stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE...) and NPE sales (-3.5 billion euros). Piraeus Bank has been stepping up efforts to reduce the balance
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Banks focus on defining challenge of reducing NPEs
EconomyBanking), a subsidiary wholly owned by Eurobank, which has been licensed by the BoG. It was followed..., 2017. The consideration of the transaction has been agreed at 90 million euros or approximately 4.5 percent of the total outstanding principal amount. The servicing of the portfolio has been
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Technical talks progress but debt relief, credit line continue to grate
EconomyProgrammeon the government. Government sources also told Avgi that Athens has received approval for its growth... of whether the Fund will take part in the programme has to be put to its board soon. Credit line... the programme ends has been revived this week partly due to an interview by the European Central Bank’s
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Mission chiefs take up negotiations in Athens but focus on IMF's decision
EconomyProgrammebetween the lenders over debt relief continues to attract much attention and has fuelled speculation.... However, the discussion over the prior actions has been overshadowed by growing speculation about... on Tuesday, the head of the IMF’s European Department Poul Thomsen suggested that the Fund still has
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