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Greek economic sentiment and consumer confidence up again in November
EconomyMacroeconomyGreece’s economic sentiment rose for the second consecutive month in November, increasing to 102.7 from 102.2 in October, according to the European Commission (EC). The November ESI figure is the fifth reading above the 100-point mark in 2014 and the th...
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S&P puts Greece on watch for downgrade after sizing up new coalition
EconomyFollowing Moody’s report on Monday noting that Greek elections’ outcome is credit negative, S&P placed on Wednesday Greece’s ‘B’ sovereign credit rating on CreditWatch with negative implications. This action reflects S&P's view that some of the economic...
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Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
EconomyMacroeconomyAfter falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC). However, February’s figure is the second lowest reading since May 2...
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Greek Eurosystem funding up by 2.9 bln in March, reaches total of 107.1 bln
EconomyMacroeconomyAfter a sharp rise by 16.77 billion euros in February, Greek banks’ Eurosystem funding increased by another 2.93 billion in March, reaching 107.18 billion, according to the Bank of Greece's (BoG) monthly financial statement published on Wednesday. The M...
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Eurogroup build-up dominated by internal friction over way forward
PoliticsGreek PoliticsThe Greek government will be looking towards Monday’s Eurogroup for some kind of positive indication regarding the state of its negotiations with lenders but expectations for any kind of notable statement are extremely low. Prime Minister Alexis Tsipras...
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Greek trade deficit up 6 pct in April despite growth in exports
EconomyMacroeconomyGreece’s trade deficit increased for the second successive month in April, when it rose by 6 percent after a 6.9 percent rise in March, according to the Hellenic Statistical Authority (ELSTAT). In absolute figures, the trade deficit reached 1.66 billion...
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First TV debate does little to fire up election contest
PoliticsGreek PoliticsThe first, and rather tepid, televised debate ahead of the September 20 elections is unlikely to have made a significant impact on the contest. The rigid format, which saw the seven party leaders taking part answer questions from journalists on pre-agre...
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Bookmakers make minds up on SYRIZA election win
PoliticsGreek PoliticsFive days before the September 20 snap elections and in the aftermath of Monday’s debate between the leaders of SYRIZA and New Democracy, the latest betting odds provided by four bookies suggest there will be a clear result both for the winner and the t...
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Greek shares up for the third straight week on strong performance from banks
EconomyThe Greek stock market headed north for the third successive week posting gains of 3.9 percent mainly driven by banks (+18.6 percent), which continued recording strong gains for the third week in a row. The quadriga’s mission chiefs concluded on Friday ...
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Greece steps up effort to bolster relations with Iran
PoliticsForeign PolicyGreek Foreign Minister Nikos Kotzias visited Tehran on November 29-30 in an effort to enhance Greece’s bilateral relations with Iran as well as to prepare the ground for the visit of Prime Minister Alexis Tsipras, who is expected to travel in the early ...
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