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Debt
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PoliticsGreek Politics
Tsipras focuses on debt relief goal as review resumes in Athens Prime Minister Alexis Tsipras took to centre stage on Tuesday evening, soon after the second review of the Greek programme resumed in Athens, and used his first televised interview for weeks to strongly defend his government and the agreement it appears to have reached with the country’s lenders.
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PoliticsGreek Politics
Review set to resume in Athens as debt talks drag on Negotiations aimed at clinching a staff-level agreement (SLA) between the Greek government and its lenders are due to resume in Athens on Tuesday as doubts remain about how the creditors will resolve their differences over debt relief.
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EconomyMacroeconomy
Primary surplus up to 3.9 pct of GDP in 2016, far above target Greece’s general government primary surplus climbed to 3.9 percent of GDP in 2016, according Hellenic Statistical Authority (ELSTAT) first notification published on Friday.
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PoliticsGreek Politics
Fiscal surplus back in focus ahead of IMF debt discussions Greece’s delegation of ministers is due to head to Washington for the International Monetary Fund’s Spring Meetings on Thursday, hoping that it will return with at least confirmation that the IMF and the eurozone are on the same page regarding debt relief.
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EconomyMacroeconomy
IMF revises fiscal estimates upward, sees debt ratio at 162.8 pct in 2022 A day after the publication of its World Economic Outlook (WEO), the IMF released on Wednesday its Fiscal Monitor, which provided its updated fiscal estimates.
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PoliticsGreek Politics
Debt talks to be prime focus after Easter Talks between Greece and its lenders are heading for a brief break over the Easter weekend but are due to resume with some urgency next week, when debt relief is expected to dominate the agenda.
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PoliticsGreek Politics
Debt relief moving to centre stage in programme discussion Comments by International Monetary Fund managing director Christine Lagarde regarding the debt relief that the eurozone will provide Greece have shed further the light on the discussions that lie ahead but also on the form that the domestic political debate will take.
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PoliticsGreek Politics
Squeezed at home, ministers return to Brussels to look for deal with lenders In the absence of the return of the missions to Athens to conclude a technical agreement, Greek ministers are heading to Brussels in a last-minute attempt to rescue the programme review ahead of Friday’s Eurogroup in Malta.
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PoliticsGreek Politics
The scenarios ahead for Greece as review hangs in balance As talks between Greek government officials and the country’s lenders continue in Brussels following Monday’s Eurogroup, Prime Minister Alexis Tsipras can see a clear path to Greece’s exit from the bailout programme and the crisis but, given the obstacles in the way, there is also a good chance that things will not be that straightforward.
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EconomyMacroeconomy
Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders During a speech at the Delphi Economic Forum on Saturday, Bank of Greece (BoG) governor Yannis Stournaras presented the outcome of an exercise conducted by the central bank showing that mild debt relief in the form of smoothing interest payment for EFSF loans coupled with a primary surplus of 2 percent of GDP as of 2021 is consistent with Greece’s debt sustainability.