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Deteriorating ties with Libya become pressing challenge for Greek diplomacy
PoliticsForeign PolicyThe two note verbale recently submitted to the United Nations by Libya underlined that relations... the 2019 Turkey-Libya maritime agreement, which Greece and the EU have repeatedly declared null and void... to the diplomatic notes from Libya’s Tripoli-based government, the Greek government believes the move
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S&P upgrades Greece to 'B+' on back of Eurogroup agreement
EconomyGreece’s long-term credit rating to ‘B+’ from ‘B’ on Monday. The outlook was also updated to stable... cash buffer to pre-finance future debt repayments. This upgrade to ‘B+’ puts S&P ahead of the rest of the agencies that have Greece on ‘B’ and ‘B3’ for Moody’s which is a ‘B-‘equivalent. The ratings
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Athens goes along with EU over Libya, waits for Turkey's move at UN
PoliticsForeign Policyaiming to prevent any shipment of arms to Libya’s two factions. The operation will involve the deployment of warships to enforce the United Nations arms embargo on Libya. According to the EU foreign... as in Libya. Greece was not invited, again, to the Berlin process aiming for a solution for the Libyan crisis
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Athens content with Scholz's first visit, looks for US backing on Libya
PoliticsForeign Policyto be heard” government sources insisted. However, Athens was again not invited to the so-called Libya process meeting that took place last week. Libya The same issue dominated talks Mitsotakis held last week.... It should be noted that Turkey and Libya are not bordering countries and, most importantly, Egypt
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Fitch upgrades Greek credit rating to B with stable outlook
EconomyMacroeconomyAs previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B... was published on May 14, 2013 when long-term rating was raised by one notch from ‘CCC’ to ‘B-‘. Greece’s highest credit rating is the one from Fitch, followed by S&P’s ‘B-’ with stable outlook, which was set
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S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
EconomyRating agency S&P raised Greece’s long-term credit rating to ‘B’ from ‘B-’ on Friday, maintaining... obligations over the next few years. This upgrade to ‘B’ puts S&P ahead of the other two main rating agencies with Fitch at ‘B-’ and Moody’s at ‘Caa2,’ which is a ‘CCC’ equivalent of the other two
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S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
Economyits ‘B+’ rating, which it granted in June of last year following the Eurogroup decisions... for S&P. At ‘B+’, Greece’s sovereign debt is seen as highly speculative by S&P, one notch behind... is the equivalent of ‘B-‘ as the agency did not take an anticipated rating upgrade back in September, opting
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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S&P upgrades Greece one notch to B, sees growth in 2015
EconomyStandard and Poor’s (S&P) upgraded today Greece’s long-term rating by one notch to ‘B’ from ‘B-‘ with a stable outlook and reflects its view that risks to fiscal consolidation have abated...’ on August 2 and of Fitch by one notch to ‘B’ on May 23. Moody’s rating stands two notches lower than
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Fitch keeps Greek rating at 'B' but downgrades outlook to negative
EconomyIn its scheduled sovereign rating review, Fitch revised on Friday evening Greece’s outlook to negative, while affirming its rating at ‘B’. The outlook revision primarily reflects political risks.... The ‘B’ rating by Fitch was initially assigned on May 23, 2014. Greece also has a ‘B’ rating from S&P
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