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BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
EconomyBankingstrong interest. The portfolio contains around 2 billion euros-worth of housing loans. Non-binding... collateralised loans with a nominal value of 7 billion euros along with the sale of at least 70
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Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
Economyinitially been looking to raise 2 billion euros but reportedly ended up tapping the markets for 2.5 billion... Agency’s (PDMA) debt strategy, which had a baseline scenario of raising 7 billion from new debt
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PDMA releases details of 10-year bond, highlighting strong interest
Economyinitially for 2 billion, with a coupon of 3.875 percent, maturing on March 12, 2029. The final price... executed roughly 70 percent of its annual issuance strategy with a goal of 7 billion euros
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Athens gearing up for new bond issue amid favourable market conditions
EconomyProgrammesuggesting that a move could be made as early as this week. The options of a 3- or 7-year issue worth 2... has already around 70 percent of the total 7 billion euros that Greece is in line to tap the markets
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Tsipras tries to use Brussels warning to his political advantage
PoliticsGreek Politicsnot necessarily put behind it “the dark days of tough policies” and that only the result of the July 7... the Greek economy back. “The economy will go nowhere with growth rates of 2 percent,” he said
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Travel balance falls by 4.1 pct in April
EconomyMacroeconomy, arrivals from the EU 28 countries fell by 7 percent and came to 1.7 million visitors in the first four... million. Revenues from French visitors fell by 2 percent to 68.1 million euros. Receipts from UK
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Tsipras responds to criticism of SYRIZA record in bid to rally support
PoliticsGreek Politicson the election campaign is doubtful. Close to 2 million Greeks, or 40 percent of viewing public, reportedly... manifesto for the July 7 elections. This means that to some extent Tsipras achieved one of the goals he
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Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
EconomyProgrammeof the latest issue is to raise 2.5 billion euros, surpassing the 7 billion euros in total that the PDMA had planned for the whole of 2019. The Greek authorities were aiming for a yield of below 2 percent
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Bonds enjoy great buoyancy but remain some distance from investment grade
EconomyGreece’s borrowing costs have enjoyed an unprecedented period of buoyancy this year, which included the benchmark 10-year bond yield dropping from 4.4 percent in early 2019 to marginally below 2.... It managed to execute its entire strategy by July, issuing three bonds of 5-, 7- and 10-year
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ND sees first tax cuts as fair, hopes to build case for lower fiscal targets
PoliticsGreek PoliticsThe first bill to be adopted by the new Greek government since it was elected on July 7 is due to be voted through Parliament on Tuesday, introducing reductions to the ENFIA property tax for millions..., and then a trip to see Mark Rutte on September 2 or 3, according to reports. The Greek prime
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