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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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Yields rise, but Greek debt still partly shielded from market headwinds
Greek business feeling the pinch from capital controls
The imposition of capital controls a month ago has taken a heavy toll on Greek companies, from the micro or small and medium-sized enterprises (SMEs) to the largest firms.
An initial study conducted by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) on the first ten days after the imposition of capital controls found total retail sales had dropped 10 percent. This reflected a nosedive of 70 percent in r...
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