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Moody's keeps Greece three notches from investment grade, improves outlook on back of growth potential
EconomyAs expected, Moody’s kept Greece’s credit rating at ‘Ba3’ on Friday, while it improved the outlook... three notches from investment grade, behind the rest of the leading rating agencies who have the country’s sovereign rating one notch behind what the government has described as a “national goal
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Greek Q2 growth of 0.8 pct confounds recession forecasts
EconomyMacroeconomyfrom mid-2016. The rating agencies estimated a recession between 1.5 (Fitch) to 3 percent (S&P... in the eurozone. However, the prevailing uncertainty and the imposition of capital controls resulted... relaxation of administrative measures on the banking sector (capital controls). Economy Minister Giorgos
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Q2 GDP rebounds by 0.9 pct QoQ on higher consumption and falling imports
EconomyMacroeconomyin 2018. The rating agencies have forecasted a GDP contraction ranging between 1.5 (Fitch) to 3 percent... this is expected to significantly slow down in Q3 due to the imposition of capital controls. Since 2008... of capital controls, it is expected that a similar performance will be evident in Q3. Note though that due
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Greece moves closer to lifting all capital controls as limits on cash withdrawals removed
EconomyMacroeconomyto the MoF’s latest announcement, the previous round of capital control relaxation took place in June... applied to the capital controls imposed in the summer of 2015 as the government pushes to abolish them... was forthcoming in light of both the ministry’s roadmap to relax and eliminate capital controls
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Tsipras hopes to muddle through, avoid internal clash for now
PoliticsGreek Politicsan approval rating of 59.8 percent, which is down from 64 percent on March and 83.1 percent on February 13.... it leading to a default or the imposition of capital controls. Dragasakis was visibly upset by Dijsselbloem’s suggestion this week that Greece may soon have to impose capital controls, as Cyprus did
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Greek stocks gain 3.5 pct during week as investors wait for election fog to clear
EconomyEmerging market, b) affirmation of Greece’s rating by S&P and c) ECB decision to lower the Emergency... below the levels seen before the imposition of capital controls. Emphasising the unpredictability... by the restrictions of capital controls. Corporate news No major events are expected next week except
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Greece's latest GDP figures and what to expect for the rest of the year
Agorapercent, while the rating agencies are more pessimistic. Moody’s and S&P forecast a recession of 0.7.... In absolute terms, Q2 GDP of 46.19 billion euros is the highest reading since capital controls were... QoQ in Q3 2015 in the wake of capital controls but rebounded by only a marginal 0.2 percent in Q4
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About to soar? Greece's economy still needs to be handled with care
AgoraGreece on a positive outlook, with two of them upgrading the country’s rating. They see a stable.... The banking system is still constrained by capital controls, credit is in negative territory since... tactics that left the legacy of the capital controls. There are numerous encouraging signs that can lead
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BoG sees recovery strengthening, proposes post-MoU safety net
Economythe benefits of the waiver until Greece regains investment credit rating. A precautionary credit line... of the programme in spring, debt relief and the complete lifting of capital controls. Risks to achieving those... to a financial system stability and the complete lifting of capital controls, all of which are necessary
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After rocky start, some political backing for SYRIZA but ECB holds key
PoliticsGreek Politics. There is currently a waver on the ECB accepting Greek government bonds, which have a junk rating... capital controls to prevent the lenders being depleted. This would create another problem in that banks
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