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GREECE: Athens can boast of protecting poorer debtors
This is almost certainly the last Eurogroup before Greece’s third economic adjustment programme terminates on August 20. Both sides seek an orderly phase-out so that what has…
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DOI: 10.1108/OXAN-DB235534
ISSN: 2633-304X
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The second phase of the current bailout, extended until end-June, foresees a final installment of 7.2 billion euros (8.2 billion dollars) in exchange for fiscal and structural…
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DOI: 10.1108/OXAN-DB199435
ISSN: 2633-304X
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The Commission recommended an EDP on November 21, on the grounds that Italy was in violation of the debt-reduction target set by the Stability and Growth Pact. This is the first…
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DOI: 10.1108/OXAN-DB240491
ISSN: 2633-304X
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Falling bond yields suggest some return of confidence after the government's legislation of further cuts and reforms, and the successful conclusion of the second review of…
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DOI: 10.1108/OXAN-DB221819
ISSN: 2633-304X
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The tranche will meet debt repayments falling due until end-2016. The prospect has been held out of debt restructuring if programme commitments are fulfilled. The IMF, which has…