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Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Economybehind all agencies. However, it has not taken any ratings action since February. Fitch believes... notes that with an average debt maturity of 19 years Greece already has one of the longest maturity... dependency has dropped from 90 billion in 2015 to just 8.4 billion in July. Capital controls were
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Cabinet reshuffle expected to presage coalition's revival effort
PoliticsGreek PoliticsGreek politics has entered what is meant to be a rare quiet period this week but speculation about... Expo). There has been much debate about whether it will be an extensive shake-up or whether limited... position. There is satisfaction with her performance within the government and Tsipras has placed much
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Are you not entertained?
Agoraas it is essentially the only narrative it has left after the calamitous first months in office and the failure... by the average Greek, and this is not because the last decade has sapped hope. GDP decline Greece’s real... in the job market has been mostly driven by seasonal jobs in the tourism sector and largely by part-time
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Reshuffle on backburner as Tsipras draws ideological battle lines
PoliticsGreek PoliticsThe timing of the cabinet reshuffle that has been trailed in the media, and by some government... for a “solidarity” payment. The government has been able to pay out so-called social dividends from... Syntakton, Labour Minister Efi Achtsioglou has already prepared the amendment to allow for the start
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Athens eyes cancellation of pension cuts as Tsipras prepares Thessaloniki package
EconomyProgrammeThe Greek government has given its clearest indication yet that it does not intend to implement... or structural terms. The European Commission, via Pierre Moscovici, has indicated a willingness..., reportedly insists that the reductions are still necessary. “The IMF’s insistence on pension cuts, as has
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgramme, the Greek government has been given some encouragement in its bid to avoid the pension cuts that are due... official did not rule out the possibility that the measure, which has already been legislated.... The mission is expected to last four days. The draft budget has to be submitted to Parliament on October 1
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Lenders appear at ease with Tsipras pledges, cautious on pension cuts
EconomyProgrammeuses any fiscal space it has to strengthen its growth potential. He cited the reduction... on the way forward for the policy commitments that the Greek government has taken in the past.” He... of the commitments it made. The case of Portugal has already shown that once countries leave
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Eurosystem funding down to 12.23 bln in September, banknotes rise for second month
EconomyMacroeconomy, the Bank of Greece's (BoG) monthly financial statement has revealed. September’s movement brings.... Since the start of the year, Eurosystem funding has declined by around 21.44 billion. September’s... the total to 8.66 billion. September’s figure is the first time that ECB funding has increased after
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Kotzias territorial waters comment not expected to spark change of approach in Athens
PoliticsForeign Policythat Greece has no right to make unilateral decisions in the Aegean and that this would be deemed a cause for war (casus belli) as has been the case since 1995, when Turkey’s Grand National Assembly took... with the contentious plan, which has caused previous governments concern. In fact, it seems that he will slow down
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Coalition indicates it will keep focus on corruption allegations
PoliticsGreek Politicshas distanced itself from Papantoniou, who was ousted from the party several years ago, while... that Papantoniou’s detention received has also rekindled the public discussion about the corruption... that this is fertile ground for SYRIZA as it has not been in power long enough to be accused of any major
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