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S&P moves Greece down a notch to CCC, maintains recession forecast
EconomyS&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where... by three notches to ‘CCC’ on March 27, whilst Moody’s cut the country’s rating by one notch to ‘Caa2’ (equivalent to ‘CCC’) one month later on April 29. The next scheduled rating reviews are on July 31
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Newsletter 31 - 19/06/2015
are not looking for one-off cuts from Greece but for reductions that will bring recurring results... lenders as a structural measure that produces a permanent spending cut. One of the reasons... as the defence minister’s vision of a strong military does not come cheaply. One of his first moves as defence
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Greek primary cash surplus at 1.07 billion at end-May on lower expenditure
EconomyMacroeconomy). It should be noted though that last year’s figure included one-off revenues of 1.31 billion related to the payment of preference shares by Alpha and Piraeus. Similarly, this year’s figure incorporates an one... to 16.29 billion. Excluding the one-off items from periods, the adjusted figures show a more moderate
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Why doesn't Tsipras just cut defence spending?
Agoraunconstitutional in 2014. This also serves as a reminder that the institutions are not looking for one... as a structural measure that produces a permanent spending cut. One of the reasons that Tsipras chose... vision of a strong military does not come cheaply. One of his first moves as defence minister
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Greek ministers prepare Israel visits in bid to further relations
PoliticsForeign Policyhave emerged so far. Preparation for the summit was one of the main issues Kotzias discussed with his... is undoubtedly one of Athens' main interests. The cooperation between Cyprus and Israel in this field.... Israel's interest in the Greek defence industry could be one of the topics on the agenda.
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Newsletter 32 - 26/06/2015
government calling for it to be maintained. This is one of the red lines identified by the junior coalition.... This means there will be one day of debate at committee level and another day in the plenary... the one he could get by agreeing terms early on in his premiership, has not worked. On Wednesday
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Newsletter 33 - 03/07/2015
, there is still a considerable number of citizens with only one savings account from which they now can..., there are three main paths that will emerge. One is for Tsipras to resign immediately and allow... of eurozone finance ministers, one extraordinary EU summit in Brussels, countless teleconferences
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Yes or no, complex political developments lie ahead for Greece
PoliticsGreek Politics’s debt load by 30 percent and a 20-year grace period should be part of any deal. If this is one.... If it is an elected politician, one possible candidate is former premier Kostas Karamanlis, who is still... if the institutions put on the table a proposal with more onerous terms than the one being put
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Tsipras has until Sunday to keep Greece in euro, must pass measures immediately
PoliticsGreek Politicsthere would be two meetings on Sunday, one involving just euro area countries and the other including... insisted that the Greek government wanted a deal and would work quickly to achieve one by the end... him in this process are that debt relief will become part of the agreement in one form or the other
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Between heaven and hell
Agoracalmly is an incredible sight. The one thing that is immediately noticeable is the silence. Few people... have to plan your week around visits to the ATM. One visit may not be enough to pay a bill or to cover the shopping costs for a week so those chores have to be put off until the next day, or the one
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