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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
S&P only ups outlook, waits for political clarity before rating move
S&P left Greece’s rating unchanged at “BB+’, while it upped its outlook to positive from stable, one notch below investment grade.
Greece is now one step away from investment grade for three of the agencies accepted by the ECB, with Moody’s placing the country’s sovereign debt three notches from investment grade.
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