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ESM/Regling: Eurozone banks in good shape coming up to stress tests
In an interview with SZ, Regling said he believed the banks in Spain, Portugal, Cyprus, Greece and Ireland were in good shape and that there would not be any surprises in the ECB stress tests later this year.
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Bruegel: The Troika and financial assistance in the euro area - Successes and failures
This study, prepared for the ECON Committee, provides a systematic evaluation of financial assistance for Greece, Ireland, Portugal and Cyprus. The authors propose three criteria to assess whether programmes are successful.
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ECFIN: Tenth review of the economic adjustment programme for Portugal
The troika concluded that the programme implementation is broadly on track. The end-2013 fiscal deficit target of 5.5 per cent of GDP is well within reach. Approval of the conclusions of this review will allow the disbursement of €2.7 billion.
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IMF: Portugal: Tenth Review Under the Extended Arrangement and Request for Waivers of Applicability of end-December Performance Criteria
The short-term outlook has improved and programme implementation remains on track, notwithstanding another adverse Constitutional Court ruling. However, with its high debt ratios and large refinancing needs, Portugal remains susceptible to abrupt changes in market sentiment.
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BoS/Linde: Exiting the economic crisis
Speaking in Madrid, Linde looked at the complexity of the current economic juncture and the challenges that must be overcome to ensure that the incipient recovery leads to an increase in Spain's long-term growth capacity.
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Italy's Letta resigns; centre-left leader Matteo Renzi asked to form government
The Italian President has formally asked Renzi to form a government and take over as PM. VP Rehn said he was confident Italy's political transition would be smooth and that the new government would continue to pursue economic reforms. However, Fitch Ratings said it underscored the volatility of Italian politics.
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Tim King: Why Europe beckons for Letta
Writing for European Voice, King says that the discarded Italian prime minister's ambiguous political antecedents make him a plausible candidate for European presidencies.
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Franco-German summit in Paris: For "the revival of Europe"
At their 16th bilateral meeting, France and Germany set out plans for "the revival of Europe" after two years of frosty relations. The two leaders and their cabinets discussed i.a. efforts to revive the FTT project, pledging to reach a deal on this by the end of May.
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FT: French President pledges fixed tax regime for foreign investors
President Hollande has promised guaranteed limits on taxes and a simplified administrative regime for foreign investors, as he looks to enlist help from abroad in boosting France's sluggish economy. He also said that he will look to bring corporate tax rates in line with those in Germany
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President Barroso: Reforming Europe in a changing world
"The right thing to do is not to turn away but to engage and see what we together can do to make it better", Barroso said in a speech at the London School of Economics. "If you don't like Europe as it is, improve it."
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VP Reding: The UK and the EU – inevitably drifting apart?
Speaking in Cambridge, Reding warned that the City should not expect unfettered access to the single market if the UK were to vote to leave the EU, saying that such a move would reduce its status to that of an offshore centre. (Includes comments by EC secretary general Catherine Day.)
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TheCityUK publishes latest step in comprehensive EU Research Programme
The poll conclusively reveals that the UK's decision on staying in the EU or exiting will be most swayed by economic factors and what will create jobs, with most people wanting to hear far more from business leaders on Europe.
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President Barroso and Prime Minister Rutte discuss EU priorities
The two leaders discussed the division of competences between the EU and its Member States, and how EU leaders should engage with citizens ahead of the upcoming EP elections.
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EUobserver: Czech government to give up EU Charter opt-out
The Czech Republic is to abandon its opposition to the EU's charter of rights and the fiscal compact treaty, in a sign that there could be warmer relations between Prague's new government and Brussels. The move was welcomed by Andrew Duff MEP, the long-standing rapporteur on the matter.
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