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Athens prepares new primary residences proposal after finding common ground with banks
The Greek government and local banks are reportedly making progress in their discussions about how to replace the Katseli law, which expires at the end of the month, with a new framework for protecting primary residences from foreclosure.
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Lenders fret over reform delays as Brussels revises 2019 growth forecast upwards to 2.2 pct
The institutions have put on record their concern about the delays from the Greek side regarding the implementation of the post-MoU reforms just as Athens pledged that it will be ready to legislate a new framework for the protection of primary residences by the end of the month.
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Second post-MoU review hinges on NPL plan and protection for primary residences
An uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March.
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Jan economic sentiment at 99.6 as consumer confidence posts best reading since 2009
Greece’s economic sentiment (ESI) was down by 1.3 points to 99.6 in January compared to a reading of 100.9 points in December 2018, European Commission (EC) figures revealed on Wednesday.
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Economic sentiment at 101.6 in December, consumer confidence and retail trade strengthen
Greece’s economic sentiment (ESI) down by 0.2 points to 101.6 in December from 101.8 in November, European Commission (EC) figures revealed on Tuesday.
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After 2019 budget, lenders turn attention to Greek post-MoU reform tasks
Greece is not expected to feature prominently at Monday’s Eurogroup but eurozone finance ministers are expected to give the 2019 budget the final green light and urge Athens to quickly shift its attention to the 16 post-programme actions that have to be completed by February.
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ESI up to 101.8 in November, consumer confidence rises for sixth straight month, jumping by 2.5 pts
Greece’s economic sentiment (ESI) rose by 0.8 points to 101.8 in November from 101 in October, European Commission (EC) figures revealed on Thursday.
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European Commission approves 2019 budget, urges focus to meet end of year reform goals
As part of the European semester package, the European Commission issued on Wednesday the first report for Greece under the enhanced surveillance framework that came into effect following the conclusion of the European Stability Mechanism (ESM) programme last August.
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Council of Europe report warns over austerity-inflamed inequality in education
A report on Greece by the Commissioner for Human Rights of the Council of Europe has outlined how austerity damaged the country’s education system and exacerbated inequality in accessing education.
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EC autumn forecast lowers growth for 2019 on pending budget finalisation
The European Commission (EC) issued on Thursday its regular autumn forecasts for 2018, the first forecast since 2010 that Greece is not in an adjustment programme.