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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
Slow pace at which RRF funds reaching firms a growing issue
A regular note on the Greek economy published by the Bank of Greece has highlighted concerns about the benefits from the RRF facing headwinds given the scheme’s demanding and finite schedule, the need to meet tight milestones and the legacies of the decade-long crisis, which has dented Greek entrepreneurship.
The BoG notes that absorption thus far is a rather satisfying rate of 41 pct. Greece has used up just short of 15 billion euros, from the total 36 billion euros envelope. The 14.9 billion euros absorbed to date come from 7.6 billion euros in grants and ...
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