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Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
Economyand Moody’s at ‘B3’, which is the ‘B-‘ equivalent, although it has not taken any rating action... that although the crisis has severely tested the country’s political and social stability, Greece’s... eurozone peers. Fitch estimates Greece’s cash buffer at 26 billion euros which is 14 percent of GDP
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Gains and losses for all sides from vote on constitutional changes
PoliticsGreek PoliticsThursday’s vote on the proposals put forward by the government and the opposition for changes... Tsipras’s proposal for the President to be elected directly by the public if Parliament cannot reach a decision did not collect the necessary votes. In contrast, the government’s bid to make Greece
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Athens starts MTFS process with baseline scenario that sees growth slowing down
EconomyThe regular cycle for the preparation of Greece’s Medium-Term Fiscal Strategy (MTFS) for the 2020.... The assumptions remain broadly unchanged from last year’s process, which ran up to 2022. Greece’s nominal...’s estimates, 2019 was forecast to grow by 2.9 percent, 2020 by 2.5 percent, 2021 by 2.3 percent
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Deliberations over primary residence bill set to delay green light from Eurogroup
EconomyProgrammeThe chances of Greece securing the eurozone’s approval for almost 1 billion euros in debt relief measures at Monday’s Eurogroup appear slim as Athens and the institutions had not settled... and the cancellation of the step-up interest rates on Greece’s loans. Should the ministers not give
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Tsipras tempted to ditch snap elections option and hold on until October
PoliticsGreek PoliticsAlthough Prime Minister Alexis Tsipras had lunch at his office on Saturday with some of SYRIZA’s candidates for the European Parliament elections, the media’s focus remains on the national vote... the settlement, which led to Greece’s neighbour changing its constitutional name to North Macedonia
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What next for Cyprus gas after the Exxon find?
Agora, it is a lot less than Israel’s 21.4 tcf Leviathan field and Egypt’s 32 tcf Zohr field. It is also a tiny fraction of Russia’s proven reserves of 1,235 tcf, and would not be enough to supply the EU’s 467... the possibility of an LNG plant, Exxon’s Tristan Aspray said: “Typically LNG projects would require
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Mitsotakis targets undecided, young voters as he banks on anger to end SYRIZA's reign
PoliticsGreek PoliticsSpeaking to his party’s MPs on Thursday, New Democracy leader Kyriakos Mistotakis urged voters who... for the inclusion of Petros Kokkalis, the son of mogul Sokratis Kokkalis, on the leftist party’s ticket... party has aligned itself with the far-right, pointing to SYRIZA’s long cooperation with Independent
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBanking, the bank’s NPE and NPL coverage stand at 59.1 percent and 80.7 percent, respectively, the highest among.... As a result, NBG’s loan to deposit ratio came to 69 percent in Greece (71 percent in Q3) and 70 percent... ) funding. Towards the end of March, it was reported that all of Greece’s banks were now off ELA
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Newsletter 200 -29/03/2019
is not done yet. Before MPs had a chance to vote on the amendment in Parliament’s full assembly... to show that since exiting the programme last summer, the government’s policy-making has been focussed... legal process. Tzanakopoulos accused SYRIZA’s predecessors, New Democracy and PASOK, of failing
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Developments in Novartis probe signal new, bitter phase in pre-election battle
PoliticsGreek Politicsmg and 200 mg) and Lucentis. Novartis’s Greek subsidiary has been accused by whistle-blowers... to damage them. The reaction from the opposition parties to Monday’s developments was in the same vein... and one of KINAL’s leading MPs, vehemently denied any wrongdoing and vowed to pursue his accusers. He
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