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Moody's leaves Greece's rating unchanged, one notch from investment grade -
Investment grade boost visible in strong demand for Greek assets -
Labour database shows 8 in 10 workers earn less than 1,200 per month -
Investment grade rewards evident in first bond issuance of 2024, attracting record demand -
PDMA taps markets for first time this year via modest bond reopening -
Greece aims to replicate last year's successful debt strategy in 2024
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system. But it urged caution on the fiscal policy front after the recent round of expansionary measures and called on banks to focus on tackling the challenge of Non-Performing Exposures (NPEs).
Aside from the Greek lenders’ commitment to tackle problematic assets on their books, the central bank expressed its support for more systemic solutions that will assist banks dealing with the issue, such as its own plan of using deferred tax credits to...
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