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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
ECB set to provide extra liquidity to Greek banks but capital needs remain an issue
In its latest comment on Greek banks, Fitch noted that they remain burdened by a large stock of non-performing loans (NPLs), despite capital enhancement and progress with their restructuring plans.
On the key issue of the European Central Bank’s comprehensive assessment, Fitch said the process could reveal further capital needs, particularly if the positive effect from restructuring measures is not fully incorporated. The rating agency’s base-case...
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