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Parliament debate yields little, wait for bailout tranche goes on
PoliticsGreek PoliticsPanos Kammenos’s actions in connection with the Noor 1 drug smuggling case were subjects that took... of the government’s handling of the negotiations with the lenders and of the new measures that the coalition agreed. However, he also devoted a large part of his interventions to questioning Kammenos’s involvement
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Athens wrestles with timing of market return, aiming for maximum impact
PoliticsGreek Politics’s political arena, with the government said to be considering three options regarding a return... Eurogroup agreement, the falling yields and the credit rating upgrade on June 23 from Moody’s, which moved Greece up a notch from ‘Caa3’ to ‘Caa2’. Standard and Poor’s is due to publish its next
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Possibility remains for trial bond issue before IMF debt analysis
PoliticsGreek PoliticsComments by European Stability Mechanism (ESM) managing director Klaus Regling following Monday’s... was equivocal but suggested that the ESM’s view, at least, is that there should be a return soon. “We know..., and that’s a very different story from the past.” Regling has used the example of what other programme
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EC recommends symbolic closure of deficit procedure as Athens mulls bond issue
PoliticsGreek Politicsprogramme to date are projected to yield savings of 4.5 percent of GDP up to 2018,” the Commission’s... in this last comment regarding market access because it could see the Commission’s recommendation... days. The head of the International Monetary Fund’s European Department, Poul Thomsen, confirmed
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Survey reveals opinions around Greek shipping cluster's potential
EconomyFeaturesGreece has the potential to develop into one of the world’s major shipping hubs over the next few..., titled “Re-positioning Greece as a global maritime capital” looked at what makes Greece’s shipping... with over 5,272 vessels and generates around 6.5 percent of the country’s GDP and has a substantial
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Bond issue decision expected as clock ticks down
PoliticsGreek Politicsthe International Monetary Fund’s executive board meets on Thursday, July 20. It is clear that Athens... a decision on its participation in the Greek programme and the Fund’s debt sustainability analysis, showing the country’s debt to be unsustainable, is made public. The coalition thinks this will slow
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UN steers clear of Cyprus blame game as focus moves to hydrocarbons
PoliticsForeign Policyof developments domestically and around the island, I think it’s quite urgent that this reflection... the negotiations collapsed. However, Eide’s revelation that UN intends to record every single document... the conditions are right, while both Greece and Cyprus view positively Guterres’s approach in Crans-Montana
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S&P revises Greece outlook to positive, affirms 'B-' rating
EconomyS&P upward revised Greece’s outlook to positive from stable and affirmed its ‘B-‘ rating in its... months. It is noted that a month ago Moody’s upgraded Greece’s credit rating by one notch to ‘Caa2... reflects its expectation that Greece’s debt stock and servicing costs will gradually decrease
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingby 28.3 percent from last year’s figure of 106.5 million. Core pre-provision profit (PPI) rebounded 4.6..., the management noted that the bank remains on track to meet this year’s NPE reduction targets... in the bank’s international operations. As a result, the loan to deposit ratio decreased to 113.8 percent
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Tsipras seeks coalition makeover before review pressure ramps up
PoliticsGreek PoliticsAlexis Tsipras has continued his post-summer offensive with a promise to overhaul Greece’s public... such an overhaul. The coalition’s record so far in terms of public reform is limited. In the most... demand of the country’s creditors. Again, though, the Greek public is likely to treat this pledge
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