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Newsletter 75 - 27/05/2016
showed remarkable cohesion and restraint during the votes on the two multi-bills but Tsipras may.... SYRIZA MPs are likely to return to their constituencies over the summer and many may..., they could return to Athens heavily disillusioned and sceptical about the future. This may come back
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Govt counts cost of own energy package as hopes of coordinated EU response fade
PoliticsGreek Politicsweekend that the plan will be announced in May, without waiting for the outcome of the EU summit... the announcement before his official visit to the US in mid-May, and that some of the measures may come... to Gazprom in May will be paid in a way which does not violate EU sanctions, the available options
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As coalition prepares first draft laws, Tsipras may avoid Parliament vote on extension
PoliticsGreek PoliticsThe government appeared on Friday to be leaning towards not submitting the four-month extension of Greece’s loan agreement to Parliament for a vote. Speaking on Friday morning, ahead of a vote in German Parliament on whether to extend the agreement, Sta...
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DTA may spell new trouble for Greek banks
AgoraAlmost twelve months after Greek banks’ capital increases of 8.3 billion euros and six months after the European Central Bank’s comprehensive assessment did not unveil any capital shortfall, capital concerns could emerge again for local lenders. The Fin...
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ELA funding down by 1.48 bln in July for first monthly drop since May 2014
EconomyMacroeconomyGreek banks’ Eurosystem funding fell by 1.29 billion euros in July after rising by 10.17 billion in June, according to the Bank of Greece's (BoG) monthly financial statement published on Monday. This was the first drop in central bank funding since Sept...
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Little trouble for Tsipras in multi-bill vote but bigger problems may lurk over revenues chief
PoliticsGreek PoliticsThe omnibus bill containing many of the 49 prior actions the coalition has to fulfill to secure the next sub-tranche of bailout funding passed through Parliament without any major problems on Friday night. The legislation received the support of 154 MPs...
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Gov't mounts defence of pension plan but lenders' approval may take time
PoliticsGreek PoliticsHaving spent the last few days on the defensive after releasing its proposals for the overhaul of the pension system, the government has decided to actively defend its plan both at home and abroad. On Wednesday, the coalition announced a point-by-point ...
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Hirings Balance, May
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Greece not seen meeting milestones soon, refugee rise may add to tension
PoliticsForeign PolicyThere was little encouragement from Brussels so far this week for the Greek government ahead of the next review. Following a meeting between European Commissioner for Economic and Monetary Affairs Pierre Moscovici and Greek Finance Minister Euclid Tsaka...
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Georgiou conviction may test relationship with lenders
PoliticsGreek PoliticsAn Athens court handed the former head of the Hellenic Statistical Authority (ELSTAT), Andreas Georgiou, a two-year suspended jail sentence on Tuesday, potentially complicating the relationship between Athens and its lenders. The Appeals Court found Geo...
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