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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
EconomyS&P on Friday reaffirmed Greece’s sovereign credit rating at ‘BBB’ with a stable outlook, citing confidence in the country’s fiscal discipline, solid economic growth, and an improving banking sector. In April, S&P was among the agencies that advanced Gr...
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Migrant boat tragedy forces temporary halt on election campaigning
PoliticsGreek Politicson Wednesday. The sinking of a fishing boat believed to be carrying migrants from Libya to Italy has claimed 79 lives while 104 have been rescued, however estimates of the total number on board range between
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Fires cast growing shadow as new shipwreck probe is announced
PoliticsGreek Politicsof migrants travelling from Libya to Italy drowning in the Mediterranean, off the coast of Greece... are estimated to have lost their lives in the shipwreck. Another probe, this time initiated from
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New Democracy tries to win over voters with crackdown on bank charges, migration
PoliticsGreek Politicsapproach on migration in response to increased arrivals from Libya also comes at a time when New... of measures will be relatively painless for banks, costing an estimated 20-30 million euros, while
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Greek Q4 GDP down 2.6 pct, shrinks 3.7 pct in 2013 - better than troika estimates
EconomyMacroeconomy: The Greek government and the troika estimate a GDP rebound by 0.6 percent with BoG and Fitch Ratings... decelerating from the 3 percent drop posted in the third quarter, according to flash estimates... similar trend (low double-digit drop) over the past three quarters. ELSTAT’s latest flash estimates
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Value of HFSF participation in Greek banks falls to 17 billion
EconomyBankingof 859 million was recorded due to the drop in the valuation of bank warrants. The highest negative
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Current account deficit widens to 404 mln in March
EconomyMacroeconomya sharp drop in the primary income surplus (by 859 million) followed by a narrowing of the services
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General govt primary cash surplus at 2.42 bln in April, arrears fall by 66 million
EconomyMacroeconomy) and came to 23.81 billion euros. This was driven primarily by a fall in interest paid (-859 million
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Unpaid contributions rise to 33.86 bln as more legacy debtors added
EconomyMacroeconomyat 382,650, representing a rise of 86,911 from the previous quarter. The relevant amount rose by 859 million
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Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
EconomyMacroeconomyfigure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding to 2.71
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