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PDMA sets 2020 goals to build on improving conditions for debt
Economyin unfavourable conditions as Greece is not included in the European Central Bank’s QE scheme and Greek banks...Greece’s Public Debt Management Agency (PDMA) issued on Tuesday its funding strategy for 2020 after taking stock of the achievements during 2019 and the characteristics of Greek sovereign debt, which
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economycouple of days for Greece as the International Monetary Fund estimated in its WEO report that the Greek... as collateral in ECB operations and the ceiling on GGB holdings that Greek banks can have... officials are not certain if the conditions that will come with the agreed credit lines
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Back-to-back contraction for PMI in Aug reflects tough conditions for manufacturing
EconomyMacroeconomycontinuous months. “Greek manufacturers continued to report challenging operating conditions during August...-to-back, albeit modest, declines in the state of the Greek manufacturing sector, with the latest fall
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DBRS keeps rating at BBB, ups outlook and sees upgrades if conditions improve
EconomyMacroeconomy, currently standing at 34 billion euros. The banking sector is also no longer a problem for Greek.... The Greek authorities now turn their attention to Moody’s, which is scheduled to publish its review... be subject to further upgrades if the one or a combination of certain conditions materialise
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Solid conditions in manufacturing continue with PMI at 53.2 in April
EconomyMacroeconomysentiment dipped slightly from March’s 14-month high, it remained above the long-run average. "Greek... showed a solid improvement in operating conditions at the start of the second quarter, marking one... of the second quarter. Expansions in output and new orders slowed, however, as external demand conditions
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What are the implications of the ECB's decision for Greek banks?
Economyof Greek government bonds as collateral by local banks. Below we examine where this decision leaves Greek... review”. However, the decision does not restrict Greek banks from drawing funds via the Bank of Greece (BoG) and the Emergency Liquidity Assistance (ELA) mechanism. Reaction in Athens The Greek Finance
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomymillion stemming from a 3.1 billion outflow in holdings of Greek government bonds and T-Bills by non... figure mainly reflects increased non-residents’ holdings of Greek stocks, primarily attributed to the participation in the 8.3 billion capital increases of the four core Greek banks. Reserve assets
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Greek GDP drops by less than expected 0.2 pct in Q2, signalling recession exit near
EconomyMacroeconomyThe Greek economy recorded the 24th consecutive period of decline in Q2 of 2014 as Gross Domestic..., followed by a drop of 7.4 percent in 2012 and 4 percent last year. The Greek economy plummeted... in Q1 although the Greek government expects it to grow by 5.3 percent this year. Exports have failed
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Services help increase Greek current account surplus to 1.37 bln in June
EconomyMacroeconomyin Greek shares, Greek government bonds and T-Bills. The first half figure recorded a net inflow...’ holdings of Greek stocks. Reserve assets remained flat month on month at 5 billion, yet... a rise in non-residents’ arrivals by 13.7 percent. Following the strong performance in June, the drop
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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomyof 2.68 billion deriving from a net outflow of 1.65 billion in non-resident’s investment in Greek...’ investment in Greek companies’ stocks, despite the reduction of their holdings in Greek government bonds...-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus
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