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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Economylast year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB... that urge additional solutions for the balance sheet clean up, including the proposal of a bad bank... infections that will have a material effect on GDP contraction and will push up the debt ratio
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingThe ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from... percent in the third quarter and for an amount of up to 300 euros. Moratoria extension In a further... since the start of the pandemic. Up to the end of October, doValue Greece has settled 43,000 loans
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PM identifies pending pensions as key problem, while row brews over media law
PoliticsGreek Politicsof the government’s priorities for 2021 after New Democracy struggled to live up to its pledge to ensure... in a teleconference on Tuesday that speeding up the payouts would be a top operational issue for his government... to be on the payroll and allows up to 30 pct of the workers to be employed in other jobs as well. Government
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PM mulling reshuffle to get political project back on track in 2021
PoliticsGreek Politicsbe an opportune moment for the premier to make the changes to his ministerial line-up. The alterations... cabinet. The report suggested that the prime minister plans to change up to a third of his cabinet... for the functioning of government” would be in the first wave of Greeks vaccinated, up from the 45 officials
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Banks end year with continued bad loan sales
EconomyBanking. The first APS runs out in April 2021 and its stock of guarantees has been used up after NBG approved... of the pre-crisis instalment for periods up to one year. This entails loans of 17 billion euros that were serviced up to the end of 2019, with Bank of Greece estimating total loans under moratoria at 21
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Structural considerations for a prosperous Greece
Agorathat will grow very slowly on average or even stagnate. This means that per-capita income will still go up.... It is even more important that the political system does not stick its head in the sand and try to pump up... is working on addressing these issues. Getting participation up is all about getting more people
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis began 2021 by announcing a new cabinet line-up on Monday, a move... line-up to be replaced by Agriculture Minister Makis Voridis, while government spokesman Stelios.... Altogether, 17 changes were made, including the creation of seven new deputy ministerial posts, adding up
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Newest Greek market foray for 10-yr bond breaks two records
EconomyMacroeconomytransaction for a 10-year bond issue that ended up breaking two records in the country’s sovereign... pct. That was followed by one more transaction before Greece lost market access and ended up... extend up to the 30 years, the PDMA took on board feedback from primary dealers and the market
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Stricter Covid-19 restrictions mulled, but Greeks warming to vaccine
PoliticsGreek Politicsof Greece, including Attica, have to be stepped up due to a higher spread and more instances.... It edged up by half a point to 7 pct. The breakdown of support suggest that ND has retained 80 pct... stood at 36.1 pct in January, up by 1.3 points, since December. SYRIZA saw its backing rise by just
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North Macedonia's road to Brussels: Breaking the vicious cycle
Agorathe region, I complained to her: "We got the carrot chopped up into pieces." She commented: "Ours..." and to chop up the existing ones: small treats for small moves. In this effort, the EU has also... to discouragement. Ultimately, we should acknowledge that the EU cannot simply come up with a recipe
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