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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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OECD releases new outlook calling for sustained reforms post Covid-19
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
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Greece issues new 10 yr bond as investor appetite returns
EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
The state budget balance for the first three months of the year turned negative, recording a deficit of 423 million from a surplus of 487 million to February. Nevertheless, this year’s budget deficit has narrowed by 69 percent from last year’s 1.35 bill...
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