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Tag Archives: deal

Deal delay: Lagarde urges eurozone to back Greece debt relief, Schaeuble…

The International Monetary Fund and the eurozone may need more time to reach an agreement on a debt relief package for Greece, the Fund’s managing director Christine Lagarde said on Friday. She urged eurozone lenders to be “far more specific” in their commitment to a debt-relief package for Greece. “We …

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IMF warns no Greek deal without a ‘credible strategy on debt sustainability’

The International Monetary Fund’s discussions on Greece’s debt are ongoing and no deal has been reached, IMF spokesman William Murray said on Thursday. At the same time, Murray warned that there will be no Greek deal without a credible strategy on the Greek debt and that the Fund will not …

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Schaeuble sees no Greek deal before primary surplus dispute with IMF solved

Deal or half deal? Success or partial success? The Greek government reported of a deal with creditors on Thursday morning, of a preliminary technical deal and stressed that negotiations on debt relief could start. A few hours later, the German finance ministry forced Greeks back to earth, to an emergency …

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Greece reaches deal with creditors: “Now negotiations for debt relief,” says Tsakalotos

From Monday afternoon till Tuesday dawn of Tuesday, Greek government and creditors’ representatives sat in Hilton hotel for the fine touch on outstanding issues. The results is an additional austerity measures package without extra financing. This practically means a two-year extension of the bailout agreement Greece and the European creditors …

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Greece to conclude €1.2 bln deal with Fraport this month

Greece will conclude a 1.2 billion euro ($1.3 billion) airport deal with a Fraport-led consortium later this month, signalling the country’s biggest privatisation venture so far under its international bailouts. Privatisations have been a key pillar of Greece’s three international rescue programmes since 2010 but have reaped only 4 billion …

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National Bank for Greece sells Finansbank stake to Qatar’s QNB

Finally a bank deal to get rid of non-profit bringing subsidiaries. Qatar’s National Bank acquired the Finansbank stake of National Bank of Greece for €2.7 billion. The stake of National Bank in Turkey’s Finansbank was 99.81 percent. However, Greek media report that the acquisition price is much higher as the …

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Refugee Crisis: … and the winner is Turkey!

The European Union reached a super deal with Turkey in order to get rid of the Refugees problem. The EU promised Turkey €3 billion cash and opening the ‘frozen’ chapters that would allow Turkey’s accession to European Union. On its part, Turkey promised to handle the flow of refugees into …

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Greece – Creditors: €2bn bailout tranche & €10bn for banks recap must wait

For one more time creditors sent a clear message to Greece: first the new deal will have to pass through the Parliament. Only then they will turn on the faucet and let 2 billion bailout tranche and 10 billion for the bank recapitalization flow towards the Eurozone south. The Euro …

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FRAPORT is confident on sealing ’14 Greek regional airports’ deal in 3-6 months

The biggest privatization case is not lost. German state-run enterprise FRAPORT expressed confidence that it can indeed sign the contracts for the privatization of 14 regional Greek airport in a couple of months. The deal that was threatened to go bust in August when the German partner of the German-Greek …

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FRAPORT sees €1.23bn offer for privatization of Greece’s regional airports as “basis for negotiations” (!!!)

Yesterday, we “celebrated” the Greek government decision to seal the deal and give the privatization of the country’s top 14 regional airports to German-Greek consortium Fraport-Slentel. Yesterday, we welcomed German state-run enterprise FRAPORT for ‘helping  Greece’ as some German media underlined. Today, FRAPORT seems to reconsider the offer it made …

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No Breakthrough – Greece talks to continue at 11 pm

After 6 hours the meeting between Greek PM Alexis Tsipras with EC’s Juncker, ECB’s Draghi and IMF’s Lagarde concluded without a positive result, without a deal. Apparently the differences between Greece and its creditors remain. Immediately after,  the Eurogroup started and thus despite the fact due to lack of Tsipras-creditors …

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