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SYRIZA ups stakes over bankruptcy code as govt faces embarrassment over missing GD bigwig
PoliticsGreek PoliticsThere was little time to digest the latest measures to contain Covid-19 on Thursday as SYRIZA launched an attack on the government over the new bankruptcy code that was due to be voted through Parliament this week. Prime Minister Kyriakos Mitsotakis ann...
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OECD ups 2021 growth estimate by nearly 3 points, underlines RRF impact
EconomyMacroeconomyThe OECD released on Monday its latest Economic Outlook, in which it significantly revised its growth estimate for Greece for this year to 3.8 pct, from 0.9 pct in the previous forecast last December. At the time, the OECD had pointed out that the recov...
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PBO ups growth estimate to 3.6-4.8 pct, warns of complacency and inequality risks
EconomyMacroeconomyFollowing the positive developments in the first quarter of the year, when the economy only shrank by 2.3 pct on an annual basis, in its latest quarterly report the Parliamentary Budget Office shifted from its previous baseline scenario of annual growth...
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PM seeks to leave ICU controversy behind as Tsipras ups stakes with snap election call
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is trying to draw a line under the controversy surround the quality of care for Covid patients, but SYRIZA leader Alexis Tsipras has decided to use the row over the availability of ICU units as a platform for a fresh o...
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Report on minister's surveillance ups ante for ND, as PASOK reels from MEP's arrest
PoliticsGreek PoliticsThe government looks set for another turbulent week after weekly newspaper Documento published on Sunday evidence it claims proves that Labour Minister Kostis Hatzidakis was placed under surveillance by the National Intelligence Service (EYP) – a revela...
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Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
EconomyFitch became on Friday the latest rating agency to place Greece one step away from investment grade, after upgrading its sovereign credit rating to ‘BB+’ from ‘BB’. The outlook is stable. Most analysts expect the investment grade, which the government h...
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S&P only ups outlook, waits for political clarity before rating move
EconomyS&P left Greece’s rating unchanged at “BB+’, while it upped its outlook to positive from stable, one notch below investment grade. Greece is now one step away from investment grade for three of the agencies accepted by the ECB, with Moody’s placing the ...
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OECD ups growth outlook for 2023, warns about headwinds affecting demand and consumption
EconomyMacroeconomyThe OECD has become the latest international organisation to incorporate the more positive outlook for the Greek economy into its projections, revising upwards its growth forecast for 2023, to 1.6 pct, from 1.1 pct in the January estimate. Next year’s e...
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Moody's ups GGB rating by two notches, on par with S&P and Fitch
EconomyMoody’s upped on Friday night Greece’s credit rating by two notches to ‘Ba1’ with a stable outlook, coming on par with the other two leading rating agencies that had Greece one notch below the investment grade. Moody’s had not taken any rating action on...
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S&P ups outlook to positive, leaves rating at 'BBB-'
EconomyS&P published the latest credit rating review for Greece, where the rating was left unchanged at ‘BBB-‘, while the outlook was upgraded from stable to positive. S&P had granted the investment grade to GGBs in October last year, followed by Fitch in Dece...
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