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Athens waits for Moscovici visit, eyes debt relief and lower volume of measures
PoliticsGreek Politics’s trip was reportedly planned in advance, its timing is highly significant. It comes not only... into account. The Commission’s data put Greece’s primary surplus for last year at 2 percent of GDP... they are requesting, which currently equates to 3.6 billion euros, and the Commission’s latest
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Athens and lenders left with gap to bridge ahead of Eurogroup
PoliticsGreek Politicsof no confidence to Parliament, after New Democracy’s spokesman suggested the move. This seemed a move... doubts about. Saying that, there were no developments on Friday pointing to Monday’s Eurogroup definitely... if the primary surplus target is beaten. There has been no indication that Athens and its lenders
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Polls turn in SYRIZA’s favour but also show that doubts persists
PoliticsGreek Politicsfor To Pontiki weekly also put SYRIZA comfortably ahead of Prime Minister Antonis Samaras’s party.... The government had invested politically in the hope of Greece’s eurozone partners discussing in April, when..., there are serious doubts about whether New Democracy and PASOK can halt SYRIZA’s rise, at least
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Who benefits from Greece’s return to the markets?
AgoraNow that the euphoria is beginning to die down let’s take a second, more sober look at what Greece achieved last week when the investment community hailed the country’s return to the markets. Politicians from Prime Minister Antonis Samaras’s government were quick to join the chorus of cheerleaders
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A breakdown of Greece’s revised financing needs as part of its new ESM programme
EconomyProgrammeThe European Commission (EC) recently published its updated assessment of Greece’s financing needs... (1.4 billion). In its previous assessment, the Commission had calculated Greece’s debt amortization..., the country’s financing needs also include: 1) Bank recapitalisation cost of 25 billion unchanged from
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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
EconomyIn an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform..., such as to the judicial system and public administration, seems low, according to S&P, due to the government’s... cost (1.9 percent), Greece’s debt levels are affordable. However, in the absence of meaningful front
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S&P affirms Greece’s rating with stable outlook
EconomyAs was broadly expected, S&P affirmed on Friday afternoon Greece’s ‘B-/B’ ratings, while... notches above that of Moody’s (‘Caa3’ set on July 1, 2015) and two notches higher than Fitch (‘CCC... estimates that Greece’s debt to GDP ratio will peak at 179 percent this year, while is expected to fall
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Greece’s embattled commercial steel market industry braced for more challenges
EconomyFeaturesChina’s steel export profile was among the topics discussed at the latest G20 meeting in Hangzhou... and 1.3 percent of the EU’s GDP in 2015. [2] Over the years, European steel production has seen its... to Greece’s main steel export market of Algeria. Energy costs were blamed for this, since at the same time
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Collapse of DESFA tender adds to Greece’s privatisation challenges
EconomyMacroeconomy) for a consideration of 400 million euros. However, due the European Commission’s competition rules, SOCAR’s...’s value and therefore its initial offer of 400 million should be downward adjusted accordingly... incompatible with the European institutional framework, while the government’s proposals aimed
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Greece’s M&A market stagnates during recession
EconomyFeatures(37 percent) followed by pharmaceuticals (35 percent). EY’s 2015 M&A report for Central and Southern Europe differed to that of the PWC report, in that it cited 28 M&A’s in Greece for 2015 versus the 29... it number seven for the report’s 10 largest M&As in 2015 in CSE (Pharmathen SA, bought by the UK’s BC
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