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Draghi signals Greek debt measure not enough for QE inclusion

European Central Bank President Mario Draghi effectively put an end to a debate about the inclusion of Greek bonds in the ECB’s asset-purchase program, saying commitments offered by creditors earlier this month still don’t provide sufficient clarity on the country’s future debt path. The debt measures Greece adopted are “still …

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Moscovici: Greece will need to legislate a few more fiscal measures

European Commissioner for Economic and Financial Affairs, Pierre Moscovici, said that Greece needs to still legislate a few more fiscal measures but also measures to modernize the public administration and state services. He did acknowledge that the bulk of austerity measures Greece legislated in May were sufficient for the country …

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Commission to soon recommend end of excessive deficit procedure for Greece

The European Commission will recommend that Greece is removed from the excessive deficit procedure (EDP), European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Wednesday. Moscovici, amongst Athens’ most vocal supporters on the European stage, referred to impressive efforts to keep deficits down and post memorandum-mandated primary budget …

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Greek shipowners to extend voluntary tax pay also in 2018

Greek shippers intend to discuss the extension of their voluntary economic contribution to the state into 2018 in the context of an extraordinary general meeting of the Union of Greek Shipowners (EEE) scheduled for June 26. Sources told Kathimerini that the extension of this optional levy is all but certain, …

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Economy Minister: Schaeuble’s resistance to debt relief raises questions about Eurozone structure

Greek Economics Minister Dimitris Papadimitriou has accused German Finance Minister Wolfgang Schaeuble of being “dishonest” by blocking debt relief for Greece despite his acknowledgement that Athens has implemented significant reforms. Papadimitriou told German newspaper Die Welt in an interview published on Thursday that Schaeuble first had acknowledged that Greece had …

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Poland FM Waszczykowski: Greece is Germany’s ‘de facto colony’

“Poor Alexis Tsipras”,  “Greece’s debt relief is hostage to Berlin’s elections politics”, “Greece is Germany’s de facto colony.” Based on an interview with Polish Foreign Minister Witold Waszczykowski, where he explains why Poland does not want to join the Eurozone, Politico EU writes, among others: From the beginning of the …

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