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Cyprus banking sector adequately capitalised
Cyprus' banking sector is expected to show further losses in 2014, as the economy worsens and banks book rising non-performing loans, but the sector is adequately capitalised, said the head of its Central Bank (CBC).
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Fifth Activity Report of the Task Force for Greece: Supporting vital reforms
The period April-September 2013 has witnessed a broadening and deepening of the technical assistance provided by the Task Force, which supports the Greek authorities in implementing the economic reform agenda linked to the country's financial assistance programme.
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Kathimerini: Rehn says no decision on Greek debt relief until summer
Greece will have to wait until next summer to find out whether it will be granted further debt relief by its eurozone partners, and must be prepared for close monitoring of its public finances for many years to come, VP Rehn has revealed.
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Kathimerini: No bailout if more austerity measures are demanded, says Stournaras
The Greek finance chief said that negotiations regarding Greece's fiscal gap, financing shortfall and what form further debt relief might take will continue, but he was adamant that Athens would not accept more fiscal measures being added to the agenda.
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Wolfgang Münchau: Italy misses the chance to reform
Stand by for budget amendments designed to cater to special interests, writes Münchau in his FT column.
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Germany: Before the start of the coalition negotiations
Coalition negotiations are likely to be complicated. The Left party and Greens argue that if a grand coalition is formed, the opposition would not hold the number of seats required to exercise crucial checks and balances on the government.
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Germany's SPD agrees to enter into coalition talks with Merkel
The Social-Democrats (SPD) have agreed to coalition talks with Merkel's CDU and aim to form a new government by Christmas, further postponing any decisions on eurozone governance. They have set out minimum demands for a coalition deal, including statutory minimum wage, an FTT and more investment.
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Telegraph: France's FN to team up with other far Right parties for European elections
Front National leader Marine Le Pen has announced a plan to create a pan-European far-Right front, teaming up with Dutch, Swedish, Belgian and Austrian anti-immigration parties, but not forming an alliance with neo-fascist parties.
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Commissioner Barnier: The UK in the EU Single Market - Opportunities and challenges
Speaking at the London School of Economics, Barnier said that to opt out of rules on financial services "would be to open a Pandora's box". "You can't reform a club if you have given in your membership card", he remarked.
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Jonathan Faull: Can the UK afford to turn its back on Europe?
EU single market benefits to the UK are between five and 15 times Britain's net EU budget contribution, argues DG MARKT's Faull in the Parliament magazine.
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UK/Germany to lead on EU reform?
"There's a historic opportunity for Britain and Germany to lead the work of improving the structures of the EU, together with other like-minded countries", writes the Spectator. Other media coverage included the UK government's report on reducing red tape and further liberalising the single market.
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UK Government launches Balance of Competences Review on the EU Budget and Financial Services
The UK Government has published two calls for evidence on the balance of competences between the UK and the EU on the EU budget and financial services and the free movement of capital. The CfEs run until 17 January, 2014. (Includes link to further D-BIS CfEs.)
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The Regent's Report 2013: UK and the EU - Costs, Benefits, Options
A study from Regent's University in London indicates that a UK exit from the EU could jeopardise London's position as a financial centre and weaken the country's attempts to influence legislation.
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Juncker faces battle to remain Prime Minister in Luxembourg
Juncker's centre-right Christian Social People's Party (CSV) suffered losses in Luxembourg's national elections but it remains the strongest party in parliament.
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Vienna 2 Initiative draws attention to weak credit growth
The Vienna 2 Initiative Full Forum assessed recent trends in deleveraging, credit provision, and non-performing loans in the CESEE banking sectors.
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