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What Greece’s draft agreement with lenders foresees on labour and pension reforms
EconomyProgramme-pension activities of the Agricultural Insurance Organisation (OGA), Seamen’s Retirement Fund (NAT
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Referendum and the ECB to determine the future of Greek banks
Economyon negotiations with Greek authorities until the referendum. Since most eurozone officials as well as rating... Greece has to redeem a GGB of 3.5 billion held by the ECB. Although rating agencies have noted they would not lower Greece’s rating to ‘SD’ should the government miss this redemption, it is very high
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Newsletter 87 - 09/09/2016
edged down by 0.5 percent. Fitch affirmed Greece’s rating at CCC in its scheduled rating update. The rating agency expects GDP to contract 0.5 percent this year and to rebound 1.8 percent next year... effect in July 2015, when imports plunged by 32 percent following the imposition of capital controls
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Newsletter 40 - 28/08/2015
to see out their terms largely because of the erosion in the number of their MPs. Whichever government... the imposition of capital controls. However, an accelerated trend is expected in Q4 2015 and Q1 2016... in June. The slowdown reflects the imposition of capital controls as of June 29. The outstanding balance
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
EconomyIn an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3’ from ‘B1’, while it kept the outlook stable. Moody’s, which has its own rating scale, had... last year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB
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Turkey's Varosha move adds new complexity to Greek-Turkish relations
PoliticsForeign Policy), backed by Turkey, announced on July 20 that a small part of Varosha would come under civilian control... that Varosha would not be among the possible areas returned to Greek Cypriot control following a Cyprus peace... take control over parts of Varosha, which is inconsistent with UN resolutions, unacceptable
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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.... This is the third rating upgrade for Greece in 2014 following that of Moody’s by two notches to ‘Caa1’ 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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Moody's explains why it sees SYRIZA win as credit negative
EconomyMoody’s became on Tuesday the first rating agency to release a report on the outcome of Greek... risks, while also undermines depositor confidence. According to the rating agency, the four... into account the views of its ideologically different coalition partner (Independent Greeks). The rating
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S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
EconomyBankingRating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus... of covered bonds, which were upgraded to BBB-, and Piraeus Bank’s securitised bonds. The rating... ‘BB+’ to ‘BBB-’, while the rating for Class B and Class C remained stable at ‘B’ and ‘CCC
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Newsletter 37 - 31/07/2015
creditors to engage in a substantial debt reduction operation towards Greece in which the IMF itself... can put the growing tension within SYRIZA aside for a few weeks. The toll of capital controls Restrictions have hit smallest to largest businesses The imposition of capital controls a month ago has
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