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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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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policywas also connected directly with the announcement of the signing in Athens on January 2... Mitsotakis's visit to Washington on January 7, when he will meet with US President Donald Trump. The US has
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Overall loan interest rate edges up to 4.34 pct in Nov
EconomyMacroeconomyThe overall weighted average interest rate on all new loans to households and non-financial corporations came to 4.34 percent in November, up by 2 basis points (bps) from the rate of 4.32 noted... loans at a floating rate dropped by 7 bps to 2.84 percent. The average interest rate on corporate loans
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Economic sentiment rises to 109.5 in Dec, hitting 12-year high
EconomyMacroeconomydeteriorated. Industry confidence rose by 0.6 points month-on-month to stand at 2 points. Year-on-year, industry confidence has risen by 7 points. The services index rose by 11.3 points month-on-month
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