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ESM disburses €1.5 billion to Cyprus
The European Stability Mechanism disbursed €1.5 billion to Cyprus for the recapitalisation of the cooperative banking sector.
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Kathimerini: Troika leaves Greece list of six orders
Troika inspectors left Greece a list of outstanding issues that must be settled before their return to Athens, asking the ministry to speed up procedures for six specific actions.
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Kathimerini: Troika and Greek government postpone decisions
After reaching a deadlock over how to achieve the target of a primary surplus for 2014, talks between the Greek government and its international creditors have come to a temporary halt. (Includes EC press release and IMF/Lagarde statement.)
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IMF completes eleventh review under the EFF arrangement for Ireland and approves €770 million disbursement
The completion of the review enables the disbursement of an amount equivalent to ca. €770 million, bringing total disbursements under the EFF to the equivalent of ca. €21.43 billion. (Includes press release: EFSF disburses €1 billion to Ireland.)
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Reuters: Portuguese punish ruling party for bailout pain in local polls
Portuguese voters punished the ruling Social Democrats for painful austerity under an EU/IMF bailout, boosting opposition and independent candidates in municipal elections on Sunday.
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Statement by the EC and the ECB following the conclusion of the fourth review of the financial assistance programme for Spain
On the basis of the review, it can be concluded that the programme remains on track.
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BBC: Italy crisis - PM Letta wins vote after Berlusconi U-turn
Italian Premier Enrico Letta has won a confidence vote after a last-minute U-turn by former PM Silvio Berlusconi. (Includes remarks from President Barroso.)
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IMF: Italy's financial system stabilised, still vulnerable
Italy's financial system has so far managed to overcome the financial crisis, but a weak economy and the link between Italian banks and government finances are a strain on banks.
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German coalition talks to start on Friday - Press round-up
Angela Merkel's CDU will conduct talks with both the SPD and the Greens, but negotiations are expected to take weeks. The SPD would need an all member referendum to ratify a possible grand coalition; tax increases are a topic of contention; and the Greens insist on a focus on climate protection.
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Jean Pisani-Ferry: Angela Merkel's return to Europe
Writing for Project Syndicate, Pisani-Ferry says that Merkel's resounding victory in Germany's recent general election gives her a mandate of exceptional political strength. It is time for Germany to give form and substance to the concept of European political union.
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Bruegel/Schwarzer & Wolff: A new way for Germany and Europe
The authors see three central elements which the new German government should pursue, including a change in the philosophy of crisis management.
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British Influence/Kent: Rhetoric and reality - Tories start to wake up
Assessing the prevailing mood at the Conservative Party conference, Kent writes: "An emerging realism about Europe was visible both in the platform speeches and on the fringe. The Tories are not about to declare their undying love for all things European but the edge has come off the debate."
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CER/Burnside: What would a Brexit mean for EU competition policy?
A British exit from the EU could have important repercussions for competition policy.
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EUobserver: UK keen to delete 'ever closer union' from EU treaty
David Cameron wants to remove the commitment to "ever closer union" from the EU treaty, as part of plans to reform Britain's membership of the bloc.
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Austrian elections: Renewal of the grand coalition most likely outcome
The current coalition partners, the centre-left SPÖ and the centre-right ÖVP, came out top in the parliamentary elections with 27.1 per cent and 23.8 per cent respectively, but the results are a historic low for both parties. Anti-euro parties won a combined vote share of 31 per cent.
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LSE/Evans: The threat of Geert Wilders winning snap elections is likely to be enough to force a compromise on the Netherlands' 2013 budget
In 2012, the Netherlands held snap elections following disagreement between Mark Rutte's government and Geert Wilders' right-wing PVV over the country's budget. One year on and Rutte is once again facing difficulty.
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Reuters: Slovenian PM threatens to quit, move could bring on bailout
Slovenian Prime Minister Alenka Bratusek threatened on Thursday to quit the government if she loses a party leadership vote this month, saying the country had no time for "games" as it seeks to avert an international bailout.
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