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EC spring forecast sees growth of 2.2 pct in 2019, 2020 but warns of hampered public investments
EconomyMacroeconomystrong exports. As the report noted, GDP grew by 1.9 percent in 2018. Exports grew by 8.7 percent... by 2020, slightly lower than 17 percent rate foreseen in the autumn forecast. Inflation is forecast
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New Democracy on course for clear majority, opinion polls suggest
PoliticsGreek Politicspersonality Kyriakos Velopoulos, which gained more than 4 percent in the European Parliament elections.... “A strong mandate for a stable government is needed on July 7,” he said. “If there isn’t a stable
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Bonds enjoy great buoyancy but remain some distance from investment grade
Economy. This means Greece is fully funded for more than two years, which also helps mitigate risk. The appetite...-programme surveillance framework and additional debt relief incentives are strong enough
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Last-minute labour amendment, university asylum law fuel political row as third bill passes
PoliticsGreek Politicsretirement pay that was higher than the limit set by the government) to mislead voters. The tabling... be sure that this move has particularly strong backing among its own voters.
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Government courts backlash over squat raids, while opposition is absorbed in internal debate
PoliticsGreek Politicsto the raids was prompt, it was perhaps more muted than would be expected under different circumstances. Historically, the party had developed a very strong message on human rights issues and had
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Mitsotakis returns from Berlin with warm words but no encouragement on fiscal front
PoliticsGreek Politicsswingeing reforms than those imposed by the bailout programme. The next step in the prime minister’s..., acknowledging that his position is strong enough not to require validation. Instead, he acted
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingGreece’s systemic banks reached the end of the first half of 2019 with relatively strong performance and the further derisking of their balance sheets as efforts continued to offload bad loans... income showed a decline of 9.2 percent to 151 million euros YoY for H1, attributed to the higher than
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Athens sets out debt management strategy for 2020, reopens 10-year bond
Economythe relationship with markets open via regular issues. The trust in Greece will be underlined by strong demand... accepted 2.5 billion euros of those offers, half a billion higher than the initial amount
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankinga strong confidence vote in the prospects of the recovering Greek economy. The strategic agreement... forward the securitisation of its bad loans by one year to 2020 rather than 2021. The bank
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EC sees growth at 1.8 pct for 2019, rising to 2.3 pct in 2020 and fiscal targets in reach
EconomyMacroeconomyof 2019, down by 0.1 percent, however strong economic and consumer confidence are expected to push... is lower than the 2.2 percent expected in the spring forecasts published in May, compared to a 2
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