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Greek stocks plunge again as bond yields climb to new high amid political turmoil
EconomyFollowing a modest drop of 1 percent on Wednesday, the Greek stock market plunged 7.35 percent today amid elevated investor concerns related to developments on the domestic political front. Concerns... market losses reached 20 percent this week. This includes the nosedive of 12.8 percent on Tuesday
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Moody's sees 1.2 pct growth in Greece next year but highlights political risk
Economyrisks. According to Moody’s, Greece’s gross financing needs are estimated at more than 20 billion euros... by two notches to Caa1 from Caa3 on August 1. However, Moody’s rating stands two notches lower than
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Finance Ministry outlines plans for making savings, increasing revenues
EconomyProgrammeto around 1 billion euros a year and he anticipates this cost could be imminently trimmed by 20 percent
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A pause in uncertainty but for how long?
Agoraextremely low, tax revenues were 1 billion euros short in January following the recent political.... At the same time, possibly as much as 20 billion euros has been withdrawn from Greek banks since December
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Relief at Greek extension approval evident in Athens bourse, bond yields
Economyover the past 4 weeks after elections. Piraeus Bank shares excelled (+20 percent), followed by Alpha... percent from 14.3 percent. In contrast, the 10-year GGB yield narrowed by less than 1 pp to 8.68 percent.
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Greece submits reform proposals but Eurogroup unlikely to be moved
EconomyProgrammeof reforms to be agreed in the context of the February 20 Eurogroup agreement and be completed... for recovery and growth of the Greek economy”, to begin soon. Reforms 1. The first reform relates
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Ahead of Eurogroup, Greece juggles funds to cover liquidity shortage
EconomyProgrammeon March 13, 16 and 20. Interest payments and other obligations stand at 1.08 billion for March... catalyst for state liquidity. A potential widening of the revenue shortfall of almost 1 billion
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Greece prepares reforms list, eyes solution to liquidity shortage
EconomyProgrammeor more of the following: 1) The European Central Bank’s SMP profits of 1.84 billion euros. Note though that the February 20 Eurogroup noted that “only approval of the conclusion of the review
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Tsipras Berlin visit brings some relief on Greek bond, stock markets
Economyofficials last Thursday and German Chancellor Angela Merkel yesterday. The reaffirmation of the February 20... since the January 25 elections. Greek banks rose by 1 percent today, following a sharp rise
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No quick solution to Greek liquidity problem; reforms list holds key
PoliticsGreek Politics1 billion euros only a day after the ECB reportedly instructed the same lenders not to increase... officials saying the Greek government would run out of money on April 20. Euro Working Group experts
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