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Moody's downgrades Greek bond rating, sees chances of accident rising
Economy. The rating agency notes that there are indications that the process has taken a new sense... in a Greece defaulting on its marketable debt (including that held by the ECB) has risen. Low investor confidence has adversely deposits, which have fallen by around 32 billion euros since December
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Tsipras eyes movement on EEZ after second Greece, Cyprus and Egypt pact
PoliticsForeign PolicyZones (EEZ) in 2003 but there has been no such deal between Athens and Cairo. Greece’s greatest concern... objections have so far acted as a deterrent for Egypt, which has feared damaging its relations... of antagonising Turkey but the decision to mark out their EEZs in areas where Ankara has no claims
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek Politicsa deal on the remaining measures in order to unlock the 7.2 billion euros in bailout funding that has... be rolled into talks about a third bailout package for Greece. Athens has another 1.5 billion euros... Commission President Jean-Claude Juncker. IMF demands However, the discussion has been complicated
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Greece expects no surprises from ECB despite questioning chances of deal
PoliticsGreek Politicsreport suggesting that the IMF has been pressing European lenders to draft a plan for Greek debt relief... more an imprudent attempt to capitalise on the buzz created by the FT story (which has been rebuffed... contacts with the ECB, which at the moment is by far and away the most important partner that Greece has.
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This is how Greece kept its budget on track in Q1
Agorapositive on the state’s current cash flow as it has probably already been utilized since... announced that income tax is due to be paid as of July, while the new government has not yet clarified.... Since the new government has repeatedly stressed its sensitivity on the issue of social protection
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Athens keeps options open on gas pipelines despite nudge from Washington
PoliticsForeign PolicyThe Greek government’s multi-pronged approach to energy issues has been in focus over the past few... in extending the pipeline, which aims to carry gas from the Black Sea to Turkey. TAP, which has... a “Greek Stream” extension to the Turkish Stream. The government, however, has already stressed
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Eurosystem funding for Greek banks up by 5.6 bln in Apr, reaches 112.8 bln
EconomyMacroeconomyby the ECB for that period. Since the beginning of April, the ECB has been assessing the ELA limit for Greek banks on a weekly basis (from bi-weekly before). The cap has been revised upwardly twice... that Greek banks’ dependency on ELA has further increased by more than 2 billion to 76.5 billion
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Signs of siege mentality in gov't dispute with lenders, BoG governor
PoliticsGreek Politicsof the 7.2 billion euros. Athens has put forward similar arguments in the past but the latest attempt... relationship has also been poisoned further by the regular leaks regarding bank withdrawals over the last few... that the battle of attrition that has been going on for some months will continue.
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Fitch keeps Greece's rating at 'CCC'
Economyand depositor confidence has derailed Greece’s economic recovery. This damage will take time to repair..., Fitch expects that the Eurogroup will want the Greek government to demonstrate it has taken some... withdrawals. In addition, loan quality has the potential to further deteriorate given the downside
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Lenders put together proposal that may leave Tsipras struggling
PoliticsGreek Politicsthat the International Monetary Fund has convinced the other partners Greece needs to stick to pension... any suggestions that his administration has been forced into a corner by creditors. Indeed..., chance to govern) unless he has run out of other options.
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