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Tuesday, 11 August 2015

Greece: Bailout Deal and New Memorandum (Tria) Agreed, New Measures and Prior Actions; Tax Hikes



Bloomberg Report - Greece Secures Bailout Deal After All-Night Talks in Athens

Reuters report - Greece - lenders clinch bailout deal after marathon talks

"White smoke" for the new Memorandum (Kathimerini)

Kathimerini International Edition - "Kathimerini understands that the agreement involves the government having to immediately implement 35 prior actions. The measures demanded include changes to tonnage tax for shipping firms, reducing the prices of generic drugs, a review of the social welfare system, strengthening of the Financial Crimes Squad (SDOE), phasing out of early retirement, scrapping tax breaks for islands by the end of 2016, implementation of the product market reforms proposed by the Organization for Economic Cooperation and Development (OECD), deregulating the energy market and proceeding with the privatization program already in place".

Enikos.gr: Αυτό είναι ολόκληρο το προσχέδιο του μνημονίου

'Cautious optimism' from Berlin (in.gr)

Keep Talking Greece summary

Keep Talking Greece Update on Pensions

Obstacles to agreement (Mignatiou)

Merkel 'skeptical' about Greek bailout deal (EU Observer)

The Independent Editorial, "Fingers Crossed" - "Is it time to declare the great Greek debt saga over? The temptation is there. It has been a seemingly unending crisis, punctuated by summits, crisis summits, riots, elections, referendums, bank closures and an unprecedented opportunity for the world’s financial journalists to top up their tans".

Yanis Varoufakis: The agreement will not work (Mignatiou/BBC World at One)

BBC News - Greece debt crisis: Varoufakis says bailout 'won't work'

Deutsche Welle - German Finance Ministry, Varoufakis express doubts on Greek bailout

Athens is getting more money and more time to implement reforms - "But it’s doubtful whether the Tsipras government can fulfill its end of the bargain, writes DW’s Bernd Riegert".
Tax Hikes (eKathimerini)

Reuters - Germany examining whether EU can guarantee Greek debt to IMF -Die Zeit











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