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IMF proposes rebalancing of fiscal policy, reform implementation and debt relief
EconomyProgrammepercent and primary surplus of 1.5 percent of GDP. It also notes that Greek debt is unsustainable. However... forecasts, Greek GDP growth is seen at 0.4 percent in 2017 accelerating to 2.7 percent in 2017, while
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With review stalled, Athens continues to be coy on concessions
PoliticsGreek PoliticsWith the meeting of the International Monetary Fund’s executive board out of the way, the next crucial waypoint in the Greek review is Thursday’s meeting of the Eurogroup Working Group (EWG). Athens... that the Greek government could reach an agreement with the institutions. He admitted, though
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IMF argues case for further reform of pension system
EconomyProgrammeOne of the issues discussed in a recent International Monetary Fund paper deals with the Greek pension system and notes that the most recent reform goes in the right direction since it removes some... retirement. At that time the Greek figure was the second highest in eurozone after that of Italy
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Athens and lenders left with gap to bridge ahead of Eurogroup
PoliticsGreek Politicspaving the way for the return of the institutions to Athens. The Greek government is still looking... about Greek pensions is driven by demands of its creditors. They argue that the pension system
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Gains of 2.5 pct for stocks this week amid subdued trading volumes
EconomyDespite the lack of positive developments ahead of Monday’s Eurogroup, the Greek stock market traded mostly in positive territory this week, climbing 2.5 percent with low trading volumes. Most... highest level since January 26. Since the end of last month, Greek shares are up 4.5 percent trimming
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Central government debt rises to 326.4 billion on ESM disbursement
EconomyMacroeconomybillion in total, of which 52.9 billion relate to the Greek Lon Facility (GLF) bilateral loans..., Greek government bonds (GGBs) eased by 140 million QoQ to 56.63 billion in Q4 making up 17.4 percent
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BoG sees chance of normality returning if review concludes swiftly
EconomyMacroeconomyof self-employed contributions. Greek banks’ non-performing exposures (NPEs) continued heading south... programme review that will also allow for the inclusion of Greek government bonds in ECB quantitative easing
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Tsakalotos role under scrutiny as talks become more tense
PoliticsGreek Politicsbe counter-balanced by expansionary interventions put forward by the Greek side. Tsakalotos also... that the debt relief issue is out of Greek hands and, as such, the government cannot control when
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Athens prepared to legislate measures before global deal with lenders
PoliticsGreek PoliticsThe Greek government appears to have relaxed its position on the legislation of new measures before a global deal with the institutions has been reached. Speaking during a regular press briefing... of the negotiations currently taking place in the Greek capital but insisted that the government believes
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Lack of trade-offs for Athens keep deal with creditors out of reach
PoliticsGreek Politicsmeasures. With regard to the labour market, the Greek government has been clear that it would like... percent of the workforce to 10 percent. Athens believes the Greek labour market is already flexible
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