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S&P awards investment grade, bringing arduous cycle for economy to a close
Economyto investment grade by DBRS last month, Greece now has two investment grade ratings from the four agencies... that Greece has a sizable cash buffer of 37.2 billion euros, or 17 pct of GDP. S&P expects the economy to grow... on December 1. Fitch has Greece one notch from investment grade with a stable outlook. In its latest review
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Parties diverge over Gaza conflict in wake of UN vote abstention
PoliticsGreek Politicson the telephone. The government insists that throughout this time, Mitsotakis has emphasised... solution to the Palestinian problem. Opposition reaction Despite the government’s insistence that it has..., the government has been trying to stress that it is not one-sided in its approach to the Gaza conflict
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Budget continues to outperform in Oct, paving way for 350 mln Christmas handout
EconomyMacroeconomyperformance has some 1.8 billion euros, as the rest as related to timing and accounting handling and notes..., the PIB balance landed at a deficit of roughly 4 billion euros. Greece has also received 1.72 billion euros from the RRF and has allocated the amount fully, with 750 million euros booked by October
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Lower repos push debt down to 402.88 bln in Q3, bonds rise by 2.5 bln
EconomyMacroeconomyLoan Facility’s (GLF) bilateral loans attached to the first programme, which Greece has started... billion to the third bailout programme, which was signed in mid-summer 2015. Greece has also started... 2019 and has been falling since. The debt breakdown by residual maturity showed that long-term (over 5
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SYRIZA rebels poised to launch new group after split
PoliticsGreek Politicssecretary, Panagiotis Rigas has already questioned why the rebels have not made any statement on Greek... Kathimerini, while State Minister Makis Voridis has said he would not back such legislation. The latter’s... for a government bill should resign. A group representing LGBTQ+ families in Greece has written
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SYRIZA rebels unveil new group as Kasselakis talks up EP vote prospects
PoliticsGreek Politicselections next summer. Former interior minister Alexis Haritsis has been appointed as the new group’s... and on the opposition benches. One of the strengths that the New Left has is it is comprised of several high... challenges. This is highlighted by the fact that SYRIZA still has a weaker national network of party
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Amendment for migrant workers passes amid turmoil for government
PoliticsGreek Politicslawmakers, has been adopted by prime ministers in the past as a way of avoiding confrontation that could... of the concerns about migration in his electoral area. The issue has proved particularly sensitive... entered Greece illegally. Flag controversy The government has also been accused of acting fearfully
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Spate of crimes tarnish ND's law and order image, force changes
PoliticsGreek Politicsin New Democracy’s ability to tackle criminal behaviour and ensure public safety. Law and order has... that the police is on top of things have failed. This has prompted concern within conservative ranks... Greek society. “The government that promised stability and security before the elections has allowed
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Government talks up privatisation benefits, but opposition questions success story
PoliticsGreek PoliticsThe privatisation of Athens International Airport last week has been celebrated by the government.... The government has promoted it as one of the biggest Greek success stories for years and a vote of confidence... state assets as part of a debt restructuring deal with the country’s creditors has not lived up
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Investment grade boost visible in strong demand for Greek assets
Economyat the start of December, leaving Moody’s as the only leading agency that has Greece one notch below... has received since 2010, surpassing the recent high of 30 billion euros in June 2021, also... has promoted it as one of the biggest Greek success stories for years and a vote of confidence
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