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Institutions, Athens start new round of review talks as e-auctions get green light
Talks between the institutions and the Greek government are due to resume on Tuesday with hopes of a staff-level agreement (SLA) being reached by the end of the year growing after notaries decided to end their strike so that electronic auctions can start on Wednesday.
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Institutions head back to Athens in search of SLA by end of week
The institutions are returning to Athens this week with the aim of having a staff-level agreement (SLA) in place before Monday’s Eurogroup.
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Deadly floods blight Athens as progress sought in third review
More than a dozen people were killed in flash floods that ravaged the outskirts of Athens on Wednesday, creating a bleak backdrop for political developments this week.
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EC upbeat on reforms paying off, as long as they continue
In a background paper published on Monday, the European Commission (EC) takes stock of the progress in the first two thirds of Greece’s European Stability Mechanism (ESM) programme and provides an overview of the measures undertaken to date to achieve its four main objectives.
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Effort to end notaries' strike amid concern for auctions, NPLs
The Greek government is searching for a way to overcome the concerns raised by notaries regarding property auctions, which has led to the latter group refusing to take part in any more such transactions this year.
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Eurogroup marks start of countdown for prior actions
Greece is not on the official agenda for Monday’s Eurogroup meeting, although eurozone finance ministers are expected to receive an update from the institutions’ mission chiefs on where the third review stands.
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Sub-tranche, 2017 fiscal performance ticked off on first day of review talks
The first day of talks between Greek government officials and the institutions’ heads of mission in Athens on Monday appeared to settle a couple of issues but leave several others for further discussion this week.
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Tsipras urges swift conclusion of review but doubts linger
Concerned about the possibility of the third review becoming a protracted affair, Prime Minister Alexis Tsipras has urged his ministers to act quickly to complete the prior actions before the end of the year, which is when the institutions would also like to wrap up matters.
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Coalition faces demanding September on reform, fiscal and economic fronts
The brief respite for the government from bailout-related tasks is coming to an end as focus is gradually moving towards the next bailout review and the prior actions that Athens has to complete.
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IMF approves programme "in principle," repeats position on debt and reforms
In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.