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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politicsof the 3 percent of GDP in fiscal measures that form the basic package needed to conclude the first... to legislate an extra set of specific fiscal measures now. The automatic mechanism will have... to the guidelines they set out last summer, which is that financing needs to be kept
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S&P affirms Greece’s rating with stable outlook
Economynotches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC’ set on August 18, 2015). The rating agency said the affirmation reflects its assessment... growth of 2 percent in 2017, 2.5 percent in 2018 and 3 percent in 2019. On the banking sector, the rating
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Effort to unite PASOK and Potami seems to have hit a wall
PoliticsGreek Politicsto set out at the Thessaloniki International Fair will be more convincing than the one Tsipras is due... that neither set of ideas will be worthwhile. As for PASOK and Potami, the socialists are seen rising since... below the 3 percent threshold for entering Parliament.
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EU officials see Greek deal close, broad debt talks to follow
PoliticsGreek Politicsthat there are differences between the IMF and European lenders on what fiscal targets Greece should be set after..., that the EU Stability and Growth Pact (SGP) sets the deficit ceiling at 3 percent of GDP. This means... they should be set out now. “We have put ready for 2018 a number of additional measures,” he said
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Eurogroup grants short-term debt relief but leaves Athens fretting over fiscal targets and IMF
EconomyProgrammeof GDP primary surplus for. He said they ranged from 3 years, to 5 and 10. This is bad news... of medium-term debt relief appears to have been set aside until 2018. This could be a major headache... that the government had set.
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Greece's pursuit of normality has only one starting point
Agorais expected at 2 percent of GDP and 2.5 percent of GDP in 2018, substantially lower than the targets set during the programme for the outer years of 3 percent and 3-4 percent respectively. This points... in good faith it complies with the surveillance procedure it can largely set aside those
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Lack of clarity across the board highlights review impasse
PoliticsGreek Politicsa set of proposals at the EWG. According to the daily, these would include the reduction of the tax... targets of 3 percent of GDP until 2023. Houliarakis’s absence from the EWG suggests that this proposal... analysis of Greece fundamental factors that set a member of the eurozone apart from other countries
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Review talks focus on out-of-court workout, jobs scheme and energy market
EconomyProgrammeset this limit at 20,000 euros, while the institutions prefer a much higher threshold of 50,000... after February 20 Eurogroup that the programme’s funding was estimated at around 3 billion euros... to another company. The supplemental memorandum of understanding of last June has set as an objective
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Newsletter 124 - 23/06/2017
with its plan to set up a Greek development bank. The idea was recognised in the Eurogroup statement... the parties do battle in Parliament on July 3 for one last time before the summer lull. A debate on the Eurogroup agreement has been set for that day, providing the opposition parties with a chance
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Multi-bill on way as Athens aims to complete third review by Jan 22
EconomyProgramme. The European Stability Mechanism (ESM) is set to transfer the next loan instalment when its board meets in February. The conclusion of the third review will act as a trigger for the next set...- or 7-year bond with the aim of raising between 3 and 5 billion euros, which will strengthen
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