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Athens aims to wrap up legislation on foreclosures and issue 10-year bond
EconomyProgrammeFollowing further discussions between the Greek government and the institutions over the weekend, Athens is hoping to submit to Parliament in the coming days the draft legislation protecting primary residences from foreclosure.
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Central government debt increases by 2.91 bln to 358.95 bln in Q4
EconomyMacroeconomyGreece’s central government debt rose by 2.91 billion euros to 358.95 billion euros quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018, from 356.03 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
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Details of bond issue give Athens boost in bid to establish market access
EconomyGreece’s Public Debt Management Agency (PDMA) issued on Friday night the details of the first bond issuance since the country exited its third adjustment programme in August 2018.
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
EconomyStandard and Poor’s opened the credit rating review cycle of the new year for Greece by affirming its ‘B+’ rating, which it granted in June of last year following the Eurogroup decisions for additional debt relief that essentially marked the successful completion of the country’s third adjustment programme.
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PDMA sets out plans to build on recent market forays with bond issues in 2019
EconomyGreece’s Public Debt Management Agency (PDMA) issued this week its finance strategy for next year, which also outlines how the country’s market access since the summer of 2017 has been progressively built and gives a detailed profile of Greece’s current debt structure.
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Final budget for 2019 excludes pension cuts, includes 910 mln in expansionary measures
EconomyMacroeconomyFollowing the formal approval by the European Commission on Wednesday as part of the European semester, the Finance Ministry tabled to Parliament the final budget for 2019.
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Central government debt increases by 10.7 bln to 356.03 bln in Q3
EconomyMacroeconomyGreece’s central government debt rose by 10.65 billion to 356.03 billion euros quarter-on-quarter (QoQ) in the third quarter (Q3) of 2018, from 345.38 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
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Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
EconomyMacroeconomyIn the context of the second Excessive Deficit Procedure (EDP) notification of 2018, Greece’s statistical Authority (ELSTAT) announced on Monday the fiscal data for the 2014 – 2017 period. The data has been produced based on the Regulation ESA 2010 for the System of National Accounts.
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In updated forecasts, IMF sees Greece meeting fiscal targets and debt falling
EconomyMacroeconomyFollowing the publication of the World Economic Outlook (WEO) as part of the IMF-World Bank Annual Meetings that are taking place this week in Bali, Indonesia the International Monetary Fund released the latest Fiscal Monitor (FM) with updated fiscal projections for Greece.
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PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
EconomyGreece’s Public Debt Management Agency (PDMA) is expected to publish its issue schedule at the start of December, shortly after the budget for 2019 has been voted in Parliament.