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Athens hoping for “political agreement” at crucial Eurogroup meeting

By   /  19/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens hoping for “political agreement” at crucial Eurogroup meeting

Greek Finance Minister will attend a crucial Eurogroup meeting on Monday hoping for “a political agreement” to wrap up the review of its bailout program, having pointed out in recent weeks that “delays are not in the benefit of Greece or Europe”. Over the last few days, deliberations have continued between Greek government officials and […]

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Lagarde defends IMF position on Greece; economy shows signs of recovery

By   /  14/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Lagarde defends IMF position on Greece; economy shows signs of recovery

  After taking heavy criticism from Greek officials and the country’s Prime Minister last week, the International Monetary Fund insisted on Monday that it will not change its views on the Greek program. Speaking to Reuters, IMF Managing Director, Christine Lagarde, said: “We have been asked to help, but can only help at terms and […]

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Athens closer to agreement with creditors; IMF heavily criticized

By   /  12/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens closer to agreement with creditors; IMF heavily criticized

  The Greek government escalated its criticism of the International Monetary Fund (IMF) over the weekend, accusing it of complicating the second review of the country’s bailout program by tabling unrealistic demands. Athens and creditors have moved significantly closer to a deal to conclude the review of the country’s program. The quartet of Greece’s creditors […]

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Greek PM targets imminent QE inclusion

By   /  08/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greek PM targets imminent QE inclusion

  Addressing a meeting of the Syriza Political Secretariat, Prime Minister Alexis Tsipras told cadres that it is the government’s priority to conclude the review of its bailout program in order to achieve inclusion in the European Central Bank’s quantitative easing program. According to party sources, the PM added that the target is then to […]

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Draghi says Greek QE hopes rest on review conclusion

By   /  06/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Draghi says Greek QE hopes rest on review conclusion

  European Central Bank (ECB) president, Mario Draghi, outlined the necessary steps Greece must take in order for the country to be included in the ECB quantitative easing (QE) program. Speaking to Members of European Parliament on Monday, the ECB chief pointed out that Athens should conclude the review of its bailout program leading to […]

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Greek bailout program review: Athens braces for crucial week

By   /  06/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Greek bailout program review: Athens braces for crucial week

  Ahead of an International Monetary Fund (IMF) board meeting on Monday, 6 February to discuss Greece’s debt-servicing capacity, the country’s government is not expecting any final decision on whether or not the Washington-based Fund will remain in the Greek bailout program as a lender. The greatest part of the IMF’s position vis a vis […]

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Fin Min: Athens not discussing extreme austerity measures

By   /  02/02/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Fin Min: Athens not discussing extreme austerity measures

  As reports in the Greek media insisted Thursday that the Syriza-ANEL coalition government is closer to agreeing to impose extra austerity measures in order to conclude the bailout review, Finance Ministry sources released a statement commenting on its talks with the country’s creditors. A Finance Ministry announcement made clear that a recent teleconference with […]

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Athens weighs limited number of options as pressure by creditors grows

By   /  31/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on Athens weighs limited number of options as pressure by creditors grows

  The Greek government appears to have a limited number of options available following the 26 January Eurogroup meeting and the set of terms reportedly put forth by the International Monetary Fund (IMF) as conditions for its participation in the Greek program. Athens appears to be far off fulfilling its bailout program obligations. Bloomberg reported […]

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IMF outlines terms for Greek bailout participation

By   /  29/01/2017  /  Finance, GR Finance, GR Politics, Greece, Politics  /  Comments Off on IMF outlines terms for Greek bailout participation

A confidential report by the International Monetary Fund reviewing the Greek program was leaked to the press over the weekend. The thirty-eight page document – dated 24 January – describes the terms under which the Washington-based Fund could continue to participate in the Greek bailout program. As expected, pressure is maintained on Greece to legislate […]

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Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

By   /  25/01/2017  /  AL Finance, Albania, Finance  /  Comments Off on Essential that Albania commits to maintaining its momentum of economic reforms, IMF says

IMF Reaches Staff-Level Agreement for Completion of Ninth and Tenth Reviews of Albania’s Extended Arrangement Economic program remains on track and has achieved its core objectives of correcting large macroeconomic imbalances and boosting economic growth. Overall, good progress in implementing structural reforms. Essential that Albania commits to maintaining its momentum of economic reforms. An International […]

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