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Concern over prior actions grows, debt talks approach crucial juncture
EconomyProgrammeThe race to complete as many of the fourth review’s 88 prior actions as possible in the coming days is dominating the Greek government’s agenda, although what will follow the conclusion of the programme also seems to be on the mind of coalition officials.
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Tsakalotos eyes conclusion of review and debt talks, will not dispute pension cuts
EconomyProgrammeThe Greek government remains confident about concluding the fourth review on time and does not intend to attempt to argue with its creditors that the pension cuts lined up for next year should be postponed.
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Institutions prepare for Athens return, completion of fourth review
EconomyProgrammeThe institutions will return to Athens on May 14 with a view to securing a staff-level agreement (SLA) to bring the fourth review to a close later in the month, the Eurogroup decided on Friday.
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Juncker heralds MoU exit but fails to add clarity during Athens visit
EconomyProgrammeWhile the visit of European Commission president Jean-Claude Juncker to Athens on Thursday was seen as a symbolic gesture ahead of Friday’s Eurogroup and within the context of the final months of Greece’s third programme, it did little to provide clarity regarding the obstacles that have to be overcome in the coming weeks.
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeGreece’s creditors do not appear to have given up on the hope of completing the fourth review next month even though dozens of prior actions have not been completed.
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Greek 2017 primary surplus confirmed at 4 pct, well above target
EconomyMacroeconomyGreece’s statistics agency, ELSTAT, announced on Monday the fiscal data for the period between 2014 and 2017 in the context of the first Excessive Deficit Procedure (EDP) notification of 2018.
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After Washington talks, debt relief and fiscal remain main obstacles on way to MoU exit
EconomyProgrammeThe clarity that the Greek government had hoped might emerge from the discussions at the sidelines of the International Monetary Fund Spring Meetings failed to materialise and significant issues relating to the post-programme period will have to be resolved in the coming weeks.
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Debt, fiscal path still divide lenders ahead of Washington Group meeting
EconomyProgrammeAll eyes will be on Friday’s meeting of the so-called Washington Group at the sidelines of the International Monetary Fund’s Spring Meetings, with Athens hoping that the gathering of some of its lenders will provide greater clarity about the upcoming programme exit.
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IMF raises forecast for primary surplus but differences with European lenders remain
EconomyMacroeconomyFollowing the publication of its macro estimates in the World Economic Outlook (WEO), the International Monetary Fund issued on Wednesday its latest fiscal estimates in the Fiscal Monitor, where the numbers for Greece for 2017 and 2018 were updated.
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Ahead of IMF Spring Meetings, questions remain about conclusion of programme
EconomyProgrammeAttention is due to turn to Washington this week in the hope that the discussions which take place at the sidelines of the International Monetary Fund’s Spring Meetings will provide some clarity on the conclusion of the Greek programme and what will follow.