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ESM
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EconomyProgramme
Lenders deem second post-MoU review over, Athens waits for debt relief The European Commission issued on Wednesday the update to its second post-programme surveillance report which should pave the way for the Eurogroup on Friday to approve the release of close to one billion euros in debt relief.
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EconomyProgramme
Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25 Discussions between the Greek government and its European lenders are continuing with the aim of the outstanding actions from the second post-programme review being completed by March 25, when the Euro Working Group (EWG) is due to meet.
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EconomyProgramme
Athens poised to unveil new minimum wage as post-MoU review continues The government is preparing to announce a new minimum wage and the scrapping of the sub-minimum salary for under-25s, just days after talks with the institutions regarding the second post-programme review concluded in Athens.
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EconomyProgramme
Athens moves quickly to scrap pension cuts as Eurogroup inches forward on euro reform The Greek government wasted no time following the conclusion of the Eurogroup on Tuesday, as it submitted to Parliament draft legislation that will lead to the pension cuts that had been lined up for next year being cancelled.
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EconomyMacroeconomy
Athens and lenders yet to agree on how to drop pension cuts without creating fiscal gap Comments by European Stability Mechanism managing director Klaus Regling have underlined that Greece and the institutions have yet to reach a formal agreement on the cancellation of next year’s pension cuts.
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EconomyProgramme Eurogroup suggests there is scope for pension cuts to be called off The Greek government was given the clearest indication yet on Monday that its European lenders may agree to its request to scrap the pension cuts that are due to be implemented from the start of next year.
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EconomyProgramme
Lenders appear at ease with Tsipras pledges, cautious on pension cuts The institutions have begun poring over Greece’s budget execution data as part of the first post-programme inspection, which will also include a close look at the pledges made by Prime Minister Alexis Tsipras at the Thessaloniki Expo (DETH).
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EconomyProgramme
ESM releases final tranche of third bailout, boosting cash buffer ahead of exit The European Stability Mechanism confirmed on Monday that it has made the fifth and final disbursement of the third programme, marking the penultimate step in the MoU era for Greece.
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EconomyProgramme
Delay to final tranche over island VAT as lenders quash talk of pension cut reversal The final disbursement of Greece’s third programme has been delayed for a few days after Germany raised objections to the way in which Athens decided to extend the discount on VAT on five Aegean islands.
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EconomyProgramme
Multi-bill passed, sub-tranche released but debt relief expectations dwindling Expectations for the debt relief package that may be agreed at next week’s Eurogroup are being kept low and the interventions that are due to be announced look set to fall below the bar set by the Greek government.