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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomybefore resuming the declining path towards 153 pct of GDP in 2029, 8 percentage points higher than...) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct annually, higher than... balance of roughly 2 pct of GDP in 2021 and 2022 would raise the debt-to-GDP ratio by 6.5 percentage
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Turnover in tourism drops by 62.6 pct in Q3
EconomyMacroeconomypercent. In 2019, the annual increase came to 1.3 percent for the year, lower than the average... decreased by 37.9 percent on the back of lower than expected demand. According to the Bank of Greece, Greece’s travel balance came to 776.5 million euros in September from 2.67 billion. This is equal
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PM mulling reshuffle to get political project back on track in 2021
PoliticsGreek Politics– a proportion that is seen as striking the balance between giving the right impression of constructive... of deputy minister rather than minister. New Democracy’s opinion poll ratings have been slipping since... than technocrats, into the cabinet as a way of strengthening the link between ministers
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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
Economy. The primary balance is not seen returning to a surplus before 2023 at 1.5 pct, followed by 2.5 pct in 2024. The debt-to-GDP ratio will remain elevated to more than 200 pct of GDP this year as well, however... rating upgrade if growth surprises positively against the agency’s estimates or is stronger than peers
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NBG posts 557 mln profit in Q1
EconomyBanking-- more than 30 days past due -- something that the bank labelled as “encouraging”. About half... came to 189 million euros, a 9 percent drop QoQ. Balance Sheet Group deposits fell 0.3 percent QoQ... percent, exceeding the minimum regulatory levels by more than 6 percentage points. When completed
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Govt views pandemic window as opportunity to advance contentious reform agenda
PoliticsGreek Politicsinfrastructure projects, allowing the government to balance the contentious nature of some of the reforms... may keep the virus around longer than governments would have liked. The opening of the borders has seen an increase in the number of Covid-19 variants recorded in Greece. As of June 8, fewer than 10
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Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
Economyforecast of 60 pct, before resuming a downward path to 192.6 pct of GDP in 2023. This is higher than... in the banking sector and their own resources by firms, hope to see more than 30 billion euros of investments... billion euros is expected to further remove risks from banks’ balance sheets. Greece could
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NBG increases profits in H1 as it progresses with NPE clean up
EconomyBankingin default and early default clients, more than 30 days past due, stand at just 1 pct. The bank intends... euros. Operating expenses in H1 came to 373 million euros, a 8 percent drop YoY. Balance Sheet Greek... the minimum regulatory levels by more than 6 percentage points. When completed, the Frontier securitisation
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Unemployment at 15 pct in June
EconomyMacroeconomywhich they were temporarily absent, as still employed if the duration of their absence was less than... from the Labour Ministry’s Ergani database for June showed the employment balance was positive with 73,502 more hirings than people leaving their jobs.
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Unemployment rate down to 14.2 pct in July, lowest since Nov 2010
EconomyMacroeconomybalance was positive with 24,395 more hirings than people leaving their jobs...., as still employed if the duration of their absence was less than three months and they continue
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