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PoliticsGreek Politics
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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PoliticsGreek Politics
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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EconomyProgramme
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.
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EconomyMacroeconomy
OECD sees GDP growth of 1.1 pct in 2017, stresses structural reforms and debt relief In its latest Economic Outlook report the OECD notes that the Greek economy is starting to recover and its fiscal target has been surpassed, but that the structural reform process has been uneven.
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EconomyProgramme
Details of technical agreement between Greece and lenders set out in draft sMoU The updated supplemental memorandum of understanding (sMoU), which was drafted following a technical agreement between Greece and its lenders, was leaked in Handelsblatt on Monday evening.
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EconomyProgramme
Debt relief, MTFS and return to bond markets on agenda after technical agreement Following the technical agreement between the Greek government and the institutions’ mission chiefs on Tuesday morning, an extraordinary Eurogroup Working Group (EWG) is due to be held on Thursday evening.
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EconomyMacroeconomy
Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.
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PoliticsGreek Politics
After agreeing measures, coalition sets sights on vote and debt relief deal The package of measures the Greek government has agreed with the lenders will be submitted to Parliament next week, with the vote lined up for the following week, it was revealed on Tuesday.
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EconomyProgramme
Greece agrees package of measures with IMF, eurozone to seal review Greek Finance Minister Euclid Tsakalotos emerged from talks with the institutions at around 6 a.m. on Monday to announce that there had been an agreement between the various participants.
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EconomyProgramme
Athens and creditors get down to details in final stretch of review The new round of discussions between the Greek government and the institutions’ mission chiefs began on Tuesday with the aim of reaching a staff-level agreement (SLA) in the next few days.