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S&P affirms Greece’s rating, outlook remains stable
Economy”. The rating agency has upgraded its GDP forecasts now expecting GDP to have grown by 0.4 percent... measures endorsed by December Eurogroup as helpful in backstopping the sustainability of Greece's debt
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IMF argues case for further reform of pension system
EconomyProgrammehas increased pointing to an unequal distributions of the country’s adjustment burden, according... should complement the existing measures with additional reforms to address the remaining deficiencies
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IMF examines how Greece accumulated large pile of unpaid taxes and contributions
EconomyProgramme, this has raised taxpayers’ expectations that conditions for future participation would further ease... outlines a number of measures to prevent new debt accumulation and reduce the current stock, which
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Stournaras presents debt relief plan with maximum benefits for Greece, minimum cost for lenders
EconomyMacroeconomysurplus and smoothing of interest has a similar impact on the evolution of debt and GFN ratios similar... measures approved by the December 5 Eurogroup. The first (baseline high surplus) assumes a primary
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The scenarios ahead for Greece as review hangs in balance
PoliticsGreek PoliticsDemocracy government is unable to reach an agreement with the lenders (Mitsotakis has insisted... another 2 percent of GDP in new fiscal measures and further liberalisation of the energy and labour
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Out-of-court workout bill prepared amid apparent concern from banks
EconomyProgrammeimplications on public revenues and bank debt repayments. Moreover, the HBA has asked for the legal... measures, including interest rate reduction, extension of maturities and write-offs. It can
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Greece eyes first bond issue since 2014 to smooth out volatile relationship with markets
EconomyFeaturesGiorgos Stathakis told Capital.gr on Friday. He also hinted that the government has a specific plan...The approval by Parliament next week of the measures agreed by the government and the lenders could be a trigger for several positive developments, including a return to international bond markets
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Finance Ministry publishes roadmap for relaxation of capital controls
EconomyMacroeconomyThe Finance Ministry (MoF) published the roadmap for the relaxation of capital controls on Monday afternoon. This constitutes one of the 140 prior actions the government has to implement... and implementation of the short-term debt-sustainability measures will also be necessary according to the MoF
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IMF approves programme "in principle," repeats position on debt and reforms
EconomyProgrammeMechanism programme, on August 31 next year. In a press release, the Fund repeated the positions it has... relief measures to restore debt sustainability. “As we have said many times, even with full program
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Draft budget sees stronger growth, fiscal targets being met
EconomyMacroeconomyhas transferred to general government bodies an amount of 3.72 billion for arrears clearance, 550... relief measures as agreed at the June 2017 Eurogroup. Specifically, the MoF foresees 2.4 percent growth
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