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Arrears clearance meets September target, unlocks latest tranche
EconomyProgrammeThe European Commission (EC) published a note for the Eurogroup Working Group on Tuesday regarding the monitoring of net arrears clearance in the July-September period. Its positive assessment paved the way for a decision by the Board of Directors of th...
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Greece and institutions wrap up latest talks with no progress on difficult issues
EconomyProgrammeDiscussions between the institutions’ mission chiefs and Greek officials continued on Thursday without any agreement on the out-of-court mechanism, energy, justice and product markets that were in focus during the meetings. Energy Minister Giorgos Stath...
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingBank of Greece (BoG) published on Thursday the second issue of its semi-annual overview of the Greek financial sector and provided an update on the key banking figures, mostly related to loan quality, in the first half of 2016. The BoG also conducted a ...
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Labour Ministry publishes latest pension breakdown
EconomyMacroeconomyThe Labour Ministry's bulletin of the Computer Centre for Social Security Services (IDIKA) published on Sunday for the first time since the summer of 2015. The bulletin showed that a total of 4.55 million pensions were paid in December 2016, totalling 2...
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Mitsotakis to continue advertising change on latest EU trip, at Thessaloniki Expo
PoliticsGreek PoliticsMoving on from Kyriakos Mitsotakis’s meeting with German Chancellor Angela Merkel last week, the government is focussing on the third leg of the Greek prime minister’s European tour and looking ahead to his appearance at the Thessaloniki Expo this weeke...
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Latest T-bill auction highlights shift in Greek yield curve
EconomyThe flow of positive news in Greece’s sovereign debt market continues as the Public Debt Management Agency (PDMA) announced the results of Wednesday’s 26-week T-Bill auction in which the yield dropped to zero. This came just a few weeks after Greece’s d...
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Latest T-bill auction nets near-zero yield, rounding off landmark year for sovereign debt
EconomyGreece is rounding off the most successful year in its sovereign debt since 2010, and after three adjustment programmes, with the successful issue of a 52-week T-Bill on Wednesday that resulted in a yield close to zero. Greece’s debt managers auctioned ...
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Athens hoping EU diplomatic drive will defuse latest Aegean crisis
PoliticsForeign PolicyGreece is stepping up its diplomatic efforts in the hope of securing a united European reaction to Turkey’s action in the Aegean as the Oruc Reis research vessel continued its activity in the area. The ship is still sailing in a sea area comprising what...
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PM seeks fine balance as he prepares to unveil latest set of fiscal measures
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is building up towards his economic policy speech in Thessaloniki on September 12, although the government is trying to lower expectations about what the public should expect. Mitsotakis will try to tread a fine line b...
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Latest IMF estimates see growth of 2.3 pct, return of permanent primary surpluses
EconomyMacroeconomyThe IMF spring meetings produced some good news for Greece via the World Economic Outlook and Fiscal Monitor. The IMF revised upwards its growth estimates for 2023, which is now seen higher at 2.6 pct in 2023, from 1.8 pct in the WEO of last October. Al...
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