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S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
EconomyIn its regular rating cycle, S&P re-affirmed Greece’s credit score to ‘BB-‘, while it revised the outlook from positive to stable. S&P had upgraded Greece by one notch last October, with a positive outlook. Outside of its regular rating cycle on Thursday night Fitch has also revised the outlook
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PMI crashed to 29.5 points in April during sharpest ever decline
EconomyMacroeconomyto decline over the year. Fears of a slow recovery, longer lockdowns and concerns over access to credit were
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Overall loan interest drops to series low of 4.06 pct in March
EconomyMacroeconomy, which includes credit cards, open account loans and overdrafts rose by 2 bps to 14.67 percent
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EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
EconomyDevelopment Bank have created a credit guarantee scheme that would unlock up to 5 pct of GDP in loans
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingcredit line to the government, insisting that this was not equivalent to a memorandum of understanding
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Gloomy preliminary results for Aegean as state support talk gathers pace
EconomyFeaturescapital credit lines in Q2 with Greek banks, totalling 120 million. It is estimated that due
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingto frontload for the risk of the coronavirus outbreak related credit risk charge offs, including a charge
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ECB boost for Greek debt as authorities ponder new market foray
Economythe 4-billion-euro credit line available from the ESM, noting that authorities have until the end
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April drop of 9.9 pct for industrial production largest since 2011 as virus takes toll
EconomyMacroeconomy, related to Covid-19. The rate of contraction was among the strongest since the depths of the credit crisis
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Overall loan interest at 4.05 pct in April, hitting new series low
EconomyMacroeconomy. The average interest rate on consumer loans without a defined maturity, which includes credit cards, open
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