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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
Economy. Public finances are on a more sustainable path, with primary surpluses in excess of 2 percent of GDP... the view that the budget targets are likely to be met even if economic growth turns out to be more... such as the European Investment Bank (EIB). Moody's keeps the real GDP growth forecasts unchanged at 2
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Newsletter 153 -2/03/2018
. This is to be decided in May, when there will be a clearer picture of this year’s budget execution and whether..., this difference stood at 16.3 points. 2 Economic sentiment at 104.3 pts in Feb Headline figure reaches... and fell by 2 points to -53 in February compared to -51 in January. Year-on-year, consumer confidence has
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Eurogroup marks end of cycle and squaring of circle for Greece
Agoraand the restoration of the transfer of ANFA and SMP profits to Greece (as of budget year 2017) - Early... a debt buy-back in the end of 2012. A margin of 2 percent was foreseen from 2017 onwards. This margin... privatisations (expected at 2 billion in 2018 and over 1 billion in 2019) set the current cash buffer plan at 18
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CPI up by 1.1 pct in Sept for highest rise since Nov 2017
EconomyMacroeconomy12-months since October 2017 came to 0.6 percent. Month-on-month, the CPI rose by 2 percent compared... (-1.2 percent) and recreation and culture (-1 percent). The month-on-month increase of 2 percent...), and yoghurt (-3.3 percent). The Finance Ministry’s projection in the budget sees the HICP rising
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Newsletter 189 -11/01/2018
budget primary balance showed a rise of 1.99 billion euros to come to a surplus of 4.39 billion.../ESM/IMF loans edged down by a slight 2 million, and represented 71.5 percent of the total debt... requirements. 2 Unemployment at 18.6 pct in October Number of unemployed falls by 12.2 pct year
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FDI, rather than tax cuts, holds key to stronger growth rates - study
EconomyFeaturesthat such measures were not enough to boost economic growth due to their high budget costs. IHS Markit... concluded that if FDI increases by 2 billion euros by 2020, this would raise fixed investment by nearly 8... percent higher. Without FDI inflows of around 2 billion per year, it will take Greece until 2035
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Newsletter 192 -01/02/2019
to their high budget costs. IHS Markit found that cutting VAT and personal income tax helped raise... for everyone. This would have short-term benefits. But without attracting around 2 billion euros a year in FDI, the study concluded that Greece would remain stuck in a low-growth economic pattern. 2
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Primary surplus targets become part of main political agenda ahead of elections
PoliticsGreek Politicsas the demand for a primary surplus of around 2 percent for the medium-term beyond then. He argued... cuts but by also taking into consideration that the budget has overperformed over the past years... he is proposing in order to ensure that revenues do not fall short. “This country cannot grow a 2
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Newsletter 213 -07/01/2019
-execution of the public investment budget, is detrimental to growth. Non-Performing Loans (NPLs) remain... largest social security fund, which has close to 2 million members. The average gross monthly salary... salary dropped by 1.2 percent. 2 PMI falls to 52.4 in June Overall index fall but optimism holds
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Brussels urges Athens to remain on reform path as fourth post-MoU review looms
EconomyProgrammeof the efforts undertaken in the last decade. Growth has returned and is expected to exceed 2 percent this year..., with the yield of 10-year bond at around 2 percent. Both Commissioners in charge of overseeing Greece... and, most critically, the budget for next year, which could make an uncomfortable discussion
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