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  1. Coalition courts controversy with emergency law to tap general gov't cash reserves

    PoliticsGreek Politics

    The government has drawn up legislation that would force general government bodies, including municipalities and hospitals, to place their cash reserves with the Bank of Greece, which could allow.... Parliament The other controversy has to do with the government’s decision to present the law

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  2. Greek banks’ loan quality is deteriorating
    Photo by MacroPolis

    Economy

    for a settlement of non-performing loans (NPLs), which has still not been specified. After a stabilisation... in the outstanding loan amount, which has resulted from the banks’ continued deleveraging. NPLs rose

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  3. Parliament Budget Office sees Greece heading for recession on back of uncertainty

    EconomyMacroeconomy

    The Parliamentary Budget Office (PBO) has highlighted in its quarterly report the dangers for the Greek economy being cause by the current uncertainty. According to the body, elections, the ongoing... that despite the justified criticism of the eurozone's architecture, Greece is the only country that has

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  4. Lack of time, lenders' demands back Greek gov't into corner
    Photo by MacroPolis

    PoliticsGreek Politics

    made by both parties. One eurozone official told Reuters on Wednesday that the government has to “pay... out of cash and has more than 700 million euros to pay to the International Monetary Fund on May 12

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  5. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    night, explaining for the first time in public what the new VAT system might look like. Greece has..., the government has indicated that it would like to introduce them in October so as not to affect

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  6. Greek debt falls to 312.7 bln in Q1 after return of EFSF bonds

    Economy

    . The total debt stock has a weighted average residual maturity of 15.67 years, slightly lower than... of outstanding debt has a residual maturity of more than 5 years, fully attributed to FSN loans, while 13

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  7. Economic sentiment, consumer confidence down for third straight month in May

    EconomyMacroeconomy

    . The May figure is the lowest reading since December 2013. Since the beginning of 2015, ESI has dropped... major fluctuation until June 2012. Since then, it has improved by more than 26 points until June 2014

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  8. The key points from lenders' proposals to Greece

    EconomyProgramme

    percent for 2018 and beyond, the government has to implement fiscal measures of 1.67 percent of GDP... that the government has proposed to be suspended until 2016. 4) Phase-out the solidarity grant (EKAS) for all

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  9. Tsipras briefing suggests he is still searching for deal with lenders
    Photo by MacroPolis

    PoliticsGreek Politics

    goal was to cancel out the opposition, which has been highly critical of his tactics during... in the opposition party has for some time been that it should back the agreement in principle but vote against

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  10. Greece works on new proposals as EU rules out political deal on Monday

    PoliticsGreek Politics

    ’ position and some kind of commitment regarding debt relief. SYRIZA has stuck to its idea that these kinds..., though, has sought to kill off any idea that the euro area leaders will decide on things that have

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