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PoliticsGreek Politics
Athens waits for move from lenders to get review going While some reports in Athens claim that Eurogroup president Jeroen Dijsselbloem is making behind-the-scenes efforts to bring Greece’s lenders closer together and organise a meeting with the Greek government to break the deadlock in the review, there was no word from the coalition on Wednesday.
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EconomyProgramme
Tsakalotos and Stournaras raise objections to IMF assumptions The Article IV consultation report on Greece published by the International Monetary Fund on Tuesday evening included letters by the Greek Finance Minister Euclid Tsakalotos and Bank of Greece governor Yannis Stournaras, which both outlined their disagreement on certain assumptions and comments in IMF’s debt sustainability analysis (DSA) and ex-post evaluation report.
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EconomyProgramme
IMF sees much scope for reform progress, particularly on tax in Article IV report Despite the significant progress made so far, Greece faces fundamental challenges such as vulnerable public finances, notable tax evasion and ineffective tax administration, impaired bank balances sheets and pervasive structural obstacles to investment and growth, the International Monetary Fund’s Article IV consultation report concludes.
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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF proposes rebalancing of fiscal policy, reform implementation and debt relief The International Monetary Fund’s executive board convened on Monday evening to discuss the Article IV consultation on Greece.
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EconomyMacroeconomy
Revenues reach 4.3 bln in January, beating target by 258 mln Greece’s revenues before tax refunds stood at 4.27 billion euros in January, beating the target by 258 million, according to preliminary figures published by the Independent Authority for Public Revenue (IAPR) on Friday.
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EconomyMacroeconomy
General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.
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PoliticsGreek Politics
Tsipras tweaks message as chance of review compromise emerges As speculation mounts that the Greek government is preparing for a compromise with the institutions that will lead to the conclusion of the review, Prime Minister Alexis Tsipras presented a slightly more nuanced position during a stormy parliamentary debate on Wednesday night.
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PoliticsGreek Politics
Athens searching for compromise formula should IMF remain on board The indication that no progress regarding Greece’s review should be expected before the International Monetary Fund’s executive board meets on Monday was strengthened by comments from European officials.
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EconomyMacroeconomy
New overdue taxes jump by 1.3 bln in Dec, total stock climbs to 54 pct of GDP Greece’s new tax debt exceeded the 1-billion mark in December as it climbed to 1.28 billion euros after a smaller increase of 890 million in November, General Secretariat of Public Revenues (GSPR) data revealed on Monday.
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EconomyMacroeconomy
PBO warns of recovery risks, fourth bailout and possible default In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.