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Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
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S&P holds off on new rating upgrade, ECB holds key to investment grade
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Some key tasks pending as Greece edges closer to completing post-programme process
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PBO highlights exceptional factors supporting recovery, cautions against complacency
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Govt grabs opportunity offered by escape clause to entice voters with support package
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Recovery in car sales slows to 2.7 pct in August
ECB plans for ABS, covered bonds purchases leaves doubts for Greek banks
The European Central Bank (ECB) President Mario Draghi confirmed in a press conference on Thursday that assset-backed Securities (ABSs) and covered bonds from Greece and Cyprus, which until now have not been eligible as collateral with the Frankfurt-based lender, will now be "subject to specific rules with risk-mitigating measures.”
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