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A snapshot of Greek banks' ABS as ECB readies for next move
Economyon October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing measures. The key reason is the country rating (‘B’ by S&P and Fitch and ‘Caa1’ by Moody’s) is well... billion, while Eurobank’s figure stands below 1 billion. In addition, they hold covered bonds (mainly
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Greek banks may soon breathe sigh of relief on capital needs
Agoraincreasing political risk and the market’s negative reaction to the government’s initial plan..., October 17, which outlined the government’s plan for asking for precautionary credit support from.... HFSF’s capital buffer currently stands close to 11.5 billion euros and the reports of the government
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Optimism and obstacles in Spain
Agoraover the next two years). What’s more, a third recession seems to be around the corner. Maybe for that reason, the prime minister of Italy, Matteo Renzi, responded ironically hitting Spain’s Achilles’ heel: “To those in Europe that urged us to imitate what Spain has done because Spain’s labour market
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Greece's Parliament Budget Office sees lack of post-bailout plan
EconomyMacroeconomyIn its latest quarterly report published on Wednesday, Greece’s Parliamentary Budget Office (PBO) set out its concerns about the country’s preparedness for exiting the troika Memorandum... by specific measures, timetables or explanations. The PBO says the government’s main aim must be to focus
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Greece continues to edge up in "ease of doing business" rankings despite persistent problems
EconomyGreece has moved up several spots in the World Bank’s “Ease of Doing Business” ranking..., such as the enforcement of contracts. According to the World Bank’s Doing Business 2015 report, Greece ranks 61st in terms.... Greece’s ranking in this category improved to 116 from 161 last year. b) Starting a business, which
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Tourist arrivals up 23.5 pct in October as 2014 overall target rises to 23 mln
EconomyInternational tourist arrivals at Greece’s main airports surged 23.5 percent to 1.04 million.... Following October’s impressive figures, SETE upward revised its estimates for 2014 international tourist... million released in early September. This is the third upgrade this year from SETE’s initial forecast
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Uncertainty feeding tension within SYRIZA as well as Greek government
PoliticsGreek PoliticsDemocracy and PASOK are starting to grow as a result of the troika review dragging on and Greece’s future... the two men have been growing over the last few months and the meeting was held at Venizelos’s behest... little in common and Papandreou voiced his objections to Venizelos’s plans for PASOK to morph
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Fitch keeps Greek rating at 'B' with stable outlook
EconomyFitch affirmed Greece’s rating at ‘B’ with a stable outlook in its scheduled sovereign update.... Bond issues in 2014 have increased Greece’s financial buffer but Fitch notes that market access..., Fitch also pointed out that Greece’s external debt burden is very large; however it is inexpensive
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Brewing rivalry between Venizelos and Papandreou threatens to unsettle fragile PASOK
PoliticsGreek Politicswith Simitis, which resulted in the two men seeing eye to eye on PASOK’s future, the talks with Papandreou... openly expressed his opposition to his successor’s plans to place the Socialists at the heart... letter that PASOK should hold an extraordinary congress to debate the party’s future direction
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Level of corruption in Greek public sector seen falling slightly in 2014
SocietyGreece’s public sector is no longer alone in being viewed as the most corrupt in the European Union... (highly corrupt) to 100 (very clean). In 2013, 2012 and 2010, Greece’s public sector was viewed... from the Berlin-based NGO. This year’s result represents Greece’s second-best score on the annual
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