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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
EconomyIn an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3... last year, S&P had raised Greece’s credit rating to ‘BB-‘, while Fitch moved Greece up to ‘BB... Naturally, the banking sector remains a weakness, with the NPE ratio just short of 37 pct in June
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Newsletter 279 -13/11/2020
worsened by 19.8 points. 2 Credit growth in Nov edges up to 2.6 pct Rates approaching last high seen in 2010 Credit movement in the Greek private sector rose by 2.6 percent in November after an increase of 2.5 percent in October, Bank of Greece (BoG) figures showed last week. The increase in credit
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Newsletter 286 - 26/02/2021
, particularly the new insolvency code, some aspects of which were pushed back to June 1. The Commission... deposits fell by 839 million euros. Credit growth in January rises to 3.7 pct Net lending flow turned negative in the month by 557 million euros Credit movement in the Greek private sector rose 3.7 percent
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Newsletter 469 - 04/07/2025
of the weekCredit Lending to corporations is leading credit expansion with an 11.3 pct year-on-year (YoY.... The outstanding balance stood at 124.44 billion euros. Credit to corporations grew by 17.5 pct, while credit to households was led by consumer credit that grew by 5.7 pct, while housing loans continue
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Marked drop of 50 bps in new time deposit rate in July amid capital controls
EconomyMacroeconomybps below the 1-percent mark to 0.78 percent in July from 1.09 percent in June, primarily reflecting... above 1 million euros. The July rate indicates the lowest reading since June 2010. Greek corporate... in consumer credit without a fixed maturity (mainly credit cards) also slipped by 8 bps to 14.55
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Newsletter 384 - 09/06/2023
PoliticsParties make fresh bids for votes as Mitsotakis threatens third pollsAs the June 25... on June 25 if ND does not get 151 seats or more in Parliament. Clearly, New Democracy strategists... million Greeks, to do so again on June 25. He also called on others who did not back his party last
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Newsletter 423 - 17/05/2024
developments or grounds for political controversy, even in the polarised environment before the June 9... the government’s nervousness about losing votes to far-right and ultranationalist parties on the run-up to June..., the gap between New Democracy and second-placed SYRIZA is growing ahead of the June 9 elections
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Key Greek election date firms up; turnout could prove crucial
PoliticsGreek Politicsambitions. In June 2009, PASOK beat the ruling conservatives by 4.3 percentage points in the European... in the June 2012 national elections. If they get anything less, they would be unable to argue... turnout if it is defeated. Also, given that New Democracy and PASOK have more campaign experience
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Greece gets new finance minister but old guard dominates cabinet reshuffle
PoliticsGreek Politicsof the coalition government. Saying that, US-educated Hardouvelis is not without government experience. He... meeting will be on June 19, with Greece unlikely to be in a position to claim its next bailout..., there were limited changes at most key departments. Kyriakos Mitsotakis (appointed in last June’s
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Greece's new finance minister lines up for a marathon (and several short sprints)
PoliticsGreek Politics’s next tax chief to apply for the job. Hardouvelis comes with considerable experience in an advisory... certainly has a busy agenda ahead of him. His first Eurogroup meeting will be on June 19, with Greece... the adjustment programme Apart from the June tranche, which will be delayed, Greece also has to meet
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