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Newsletter 20 - 20/03/2015
. However, this corresponds to a two-quarter delay on the previous estimate in November. The banks
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
Economywith institutional creditors conclude soon. The rating agency revised its previous estimate (released a month ago
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S&P moves Greece down a notch to CCC, maintains recession forecast
Economyweak and growth prospects muted. The rating agency retains its previous estimate calling for a GDP
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What the ECB's latest decision on ELA and collateral haircuts means for Greek banks
Economycollateral. The haircut increase was not disclosed but we estimate it would not have an immediate significant
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Most Greek businesses feel capital controls impact, 69 pct see turnover drop
Economyof the surveyed firms said they estimate capital controls will remain intact for more than 3 month
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Early rounds of talks with lenders focus on possible prior actions
EconomyProgramme, in the middle of the EC's recent estimate of 2 - 4 percent. In addition, despite the VAT reshuffling
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Rate of drop in apartment prices picks up again in Q2
EconomyMacroeconomyin building permits, it is premature to estimate a rebound for the whole year, particularly after
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Fitch affirms Greece’s rating, projects GDP to contract 0.3 pct in 2015
Economyin 2015 and 1.5 percent in 2016. Fitch’s estimate for 2015 GDP contraction is the lowest by any
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgramme0.3 percent this year, which is the lowest recession estimate by any organization so far.
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomyof a higher GDP contraction of 2.3 percent in 2015 with the EC revising in early November its estimate
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