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Italian Ferrovie buys Greek TrainOSE, a day after €692mn debt is written off

Ferrovie Dello Stato Italiane S.p.A. on Thursday signed an agreement to buy 100 percent of Greece’s railways TrainOSE for 45 million euros. The signature ended a four-year tender process and opening a new page in the Greek railways’ future. The signatures fell a day after TrainOSE’s  692-million-euro debt to state-owned …

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Greece writes off debts to state and banks up to €20,000

Greece will write off debts up to 20,000 euro to tax office, insurance funds but also consumer loans and credit cards to the banks. The measure targets the debt relief of allegedly some 35,000 people and the criteria are very strict: absolute poverty, not possession of property, no income at …

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Eurogroup warns: No debt forgiveness for Greece; Dijsselbloem in Athens

The eurozone has ruled out debt forgiveness for Greece and warned Alexis Tsipras that his anti-austerity coalition government must honor all past agreements with international creditors. In a meeting of eurozone finance ministers in Brussels on Monday, a day after left-wing SYRIZA won the parliamentary elections, the euro bosses warned …

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