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Scope leaves rating at 'BBB' and outlook unchanged at stable
Economyprofile, characterized by a high proportion of long-term, low-interest debt held by official-sector... shortages and persistent services inflation are ongoing challenges. Nonetheless, digital
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Labour agreement hailed by government as restoration of pre-crisis rights
PoliticsGreek Politicsthe conservatives of attempting to smear a local party official in Crete by linking him to a suspect... public services, in conjunction with the gradual release of support measures announced in his TIF
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Greece lays out plans for debt relief from eurozone
EconomyProgrammebut with the official sector poised to take a hit this time as opposed to the Private Sector Involvement (PSI) of early... latest official data. Furthermore, Greek Government Bonds (GGBs) stood at 76.1 billion... Bills) and is mainly held domestically by banks. In total, the official sector corresponds to close
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Moody's upgrades Greek rating by two notches to Caa1 - here's why
Economy. The rating agency expects real GDP to rebound 0.4 percent in 2014 and 1.2 percent in 2015. The official... held by the official sector, which reduces refinancing risks and provides fiscal flexibility. Moody’s... official sector debt relief. According to Moody’s best case scenario, the external support
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
EconomyIn S&P's view, if the stalemate between Greece and official lenders is not resolved before mid-May... payment to an official creditor would not constitute a trigger to lower its rating to ‘selective default... to 173.4 percent in 2018. S&P could further lower its rating if further official disbursements fail
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Where we stand in the Greek bank recapitalisation process
Economyassumptions of the baseline scenario, which are in line with the official estimates of the institutions... to the official forecast of 2.3 percent. This was communicated by the banks to the investment community... by financial aid from the official sector. However, the key determinant in the forthcoming decisions
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Rating agencies up Greece's scores, adding to positive outlook
Economyof the programme off track. The wider view is that Greece’s official creditors will provide the debt relief... with Greece’s official creditors, reaching and maintaining an average primary surplus of 3.4 percent... by the favourable profile, long maturities and concessional terms by the official creditors. Against
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeon Tuesday, a senior eurozone official said that reaching a staff-level agreement (SLA) in May... insists that much of the preparatory work has been done, while the eurozone official pointed out... to complete them now. It is not yet clear exactly how many this will entail. The eurozone official noted
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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economyis on concessional terms due to the official sector loans, which keeps servicing costs low and maturities... to be used to buy back some of the official sector loans, IMF for example, further improving... Greece and official creditors. In the near-term, the deal between Greece and FYROM on the name has caused
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgrammeofficial did not rule out the possibility that the measure, which has already been legislated.... The Commission official noted that Greece is within the fiscal targets that have been agreed... on the matter before a final decision is taken, he added. According to the official’s reported
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