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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
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DBRS leaves credit rating of 'BBB' and stable outlook unchanged
How Greek banks' capital needs could be reduced by 2.3 bln
Citing Ministry of Finance (MoF) sources, local media are reporting that the government is preparing a draft bill which will provide the legal framework for the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
According to the proposed amendment, Greek banks will have a capital benefit of around 2.3 billion euros, which would reduce accordingly their potential additional capital needs. Those requirements are to be identified by the upcoming EU-wide stress tes...
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