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Tsakalotos sticks to guns as review compromise remains elusive
PoliticsGreek Politicsin order to facilitate an agreement between the International Monetary Fund and the European lenders... with the creditors last year and suggested that the IMF should be putting pressure on the European lenders for more... market that is outside the “European framework.” Apparently in combative mood, Tsakalotos also suggested
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Pieces of review puzzle yet to fall into place ahead of Eurogroup
EconomyProgrammeindicated an “honourable compromise” on the labour issue was discussed during European Commissioner... surplus of no more than 1.5 percent of GDP (against European projections for a 3.5 percent surplus... in 2018 is the key area of dispute between the government and the IMF on one hand and the European
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Flare-up between Athens and IMF fuels doubts over review breakthrough
PoliticsGreek Politicsof the IMF’s European Department, Poul Thomsen, and the Fund’s head of research, Maurice Obstfeld... wants to create a framework that is in line with the European Union norms. In an op-ed published... were due to resume in Athens on the second review. European Commission spokeswoman Annika
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Athens, Nicosia buoyed by EU role in Cyprus talks
PoliticsForeign PolicyThe European Council’s decision on Thursday that the EU should participate in the upcoming Cyprus Conference in Switzerland was well received by Athens and Nicosia. The European Council adopted... on the negotiations on a Cyprus settlement, the European Council reiterated its support
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Newsletter 103 - 20/01/2017
that the Fund might remain on the sidelines and that its role could be taken over by the European... that it will be able to convince its European lenders to flesh out the medium-term debt relief measures... for it to have a chance of the European Central Bank deeming its debt sustainable and including
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Newsletter 104 - 27/01/2017
. Tsakalotos describe such a practice as being against the European “democratic culture” as it would... be against the European “democratic culture”, according to Euclid Tsakalotos. Greece went... were approved by the Board of Directors (BoD) of the European Stability Mechanism (ESM
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IMF far more pessimistic than eurozone on Greek debt, urges significant relief
EconomyProgrammepercent by 2060. The key differences between the IMF and the European DSA relate to more optimistic assumptions of the European institutions which foresee a primary surplus of 3.5 percent of GDP until 2028... of the European loans granted to Greece including a number of debt relief measures. The first involves
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Russia sanctions, regional diplomacy dominate Tsipras visit to Ukraine
PoliticsForeign Policyas the ongoing sanctions and the embargo of the European Union against Russia has damaged...-state of the European Union and, despite the fact that it has a particular economic interest... effect on the Greek economy, we will not fragment European unity,” he said. In the new era following
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Tsipras's choices are becoming clearer but not any easier
Agoraof the Fund, which the eurozone’s hardliners trust as an enforcer, any European programme for Greece... surplus target being beaten by 1.5 percentage points in 2016 (an assessment that the European... to anything that fails to secure access to the European Central Bank’s QE programme. For this to happen
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Athens in search of counter-measures to secure MPs' support for potential deal
PoliticsGreek Politicsof the medium-term debt relief measures so access to the European Central Bank’s QE programme is guaranteed... being present at a recent inspection at its headquarters by European Commission and ECB officials.... During his visit to Athens on Wednesday, European Economic Affairs Commissioner Pierre Moscovici
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