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S&P moves Greece closer to investment grade, puts focus on budget and growth
EconomyS&P on Friday night upgraded Greece’s credit rating by one notch to ‘BB+’, while the outlook was revised from positive to stable. Greece is now just one notch away from securing an investment grade with S&P. At ‘BB’, Fitch is one notch behind and two from investment grade and Moody’s at ‘Ba3’ one
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Newsletter 399 - 27/10/2023
expectations and upgraded Greece by one notch to ‘BBB-‘ with stable outlook, closing an arduous..., when S&P downgraded it to ‘BB+’ with a negative outlook, just one month before signing the first EU-IMF... actions paid off and now banks have dropped their NPE ratio to below 6 pct, when back in 2015 nearly
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Dispute over hospital doctor shortages rages as minister makes controversial Turkey comments
PoliticsGreek Politicspublic broadcaster ERT. Exadaktylos also warned that the government should not put off young doctors...-employed caused by the change in their taxation status a few months ago. The latter was seen as one... regarding the Turkish military appearing in Greece “suddenly one night,” which has been used
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PM focusses on long game as opposition faces crucial period
PoliticsGreek Politicsof exaggerating the problem. “No one claims everything is going well,” he said, pledging that the government’s.... Recent missteps have stirred murmurs of dissatisfaction, prompting the prime minister to offer one-on-one meetings and plan informal gatherings to shore up unity. The spectre of a new right-wing party
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Cash deficit widens as Greece pays off state arrears
EconomyMacroeconomyThe central government net balance to September on a cash basis showed the deficit widening to 8.88 billion euros from 6.53 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded to 3.32 billio...
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Cash deficit to November rises to 9.9 bln as Greece pays off arrears
EconomyMacroeconomyThe central government net balance to November on a cash basis showed the deficit widening by 30 percent to 9.96 billion euros from 7.67 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded t...
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Tsipras and Meimarakis face off, bristle at idea of working together
PoliticsGreek PoliticsThe Monday night televised debate between SYRIZA leader Alexis Tsipras and New Democracy chief Evangelos Meimarakis was much livelier than a discussion involving seven party leaders last week but is unlikely to prove decisive in the close election conte...
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ECB holds off on reinstating Greek waiver, waits for completion of prior actions
EconomyDespite expectations to the contrary, the European Central Bank’s governing council did not reach a decision on Thursday regarding the reinstatement of waiver on Greek government securities. ECB president Mario Draghi said that the council had been info...
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Tsipras tries to push snap election talk off political agenda
PoliticsGreek PoliticsPrime Minister Alexis Tsipras tried on Tuesday to rule out the possibility of snap elections, or at least remove the subject from the current political agenda. Visiting his family home in Epirus, northeastern Greece, Tsipras said that anybody thinking o...
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Tight schedule to approve multi-bill, tick off remaining milestones
EconomyProgrammeMPs are to begin debating on Monday the multi-bill containing draft legislation that will conclude some of the prior actions Greece has to wrap up to secure its next bailout sub-tranche of 2.8 billion euros. The omnibus bill was submitted to Parliament ...
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