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Debt
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EconomyMacroeconomy
Revision sees 2016 fiscal surplus at 0.5 pct of GDP As part Greece’s obligation in relation to the Excessive Deficit Procedure (EDP) notification of 2017, Greece’s statistical authority, ELSTAT, announced on Monday the revised fiscal data for the 2013–2016 period.
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EconomyProgramme
Review gathers pace as mission chiefs prepare for Athens return Technical talks between the Greek government and the institutions have resumed in Athens ahead of the return of the mission chiefs to Greece on Monday amid efforts to complete the third review as soon as possible.
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PoliticsForeign Policy
Energy, defence high on agenda as Tsipras prepares for US visit Preparing for his visit to Washington on October 17 will top the agenda for Prime Minister Alexis Tsipras’s office this week.
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EconomyBanking
Eurobank sells NPL package in attempt to reduce bad debt pile Eurobank became the first Greek systemic bank to sell a package of non-performing loans (NPLs) as Greek credit institutions attempt to tackle non-performing exposures (NPEs) in excess of 100 billion euros in their balance sheets.
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EconomyMacroeconomy
Athens outlines 2018 debt management plan for post-bailout era In the draft 2018 budget submitted to Parliament on Monday, the Greek government outlined parts of its strategy for debt management next year and in the post-programme era.
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Economy
Rating agencies concur in improved prospects for Greece The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
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Economy
Fitch upgrades Greek rating to B-, sees debt sustainability improving Fitch on Friday became the latest agency to upgrade Greece’s long-term credit rating, raising it to B- from CCC with a positive outlook.
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PoliticsGreek Politics
Tsipras eyes expansionary measures in 2019 as he starts building post-MoU narrative Prime Minister Alexis Tsipras gave a wide-ranging televised interview on Wednesday night in an apparent attempt to build on Tuesday’s bond issue and make one last attempt to win back some support before things wind down for August.
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PoliticsGreek Politics
Bond success questioned as coalition looks to build on trial issue After Tuesday’s trial bond issue, the government has set its sights on tapping the markets at least once more, possibly, twice by the time it exits the bailout programme next summer but its opponents believe any celebrations should be put on hold.
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PoliticsGreek Politics
Athens forced to consider shelving market access plans for now Uncertainty surrounds the government’s plans to return to the bond markets after the European Central Bank and the International Monetary Fund appeared to be less than fully supportive of Greece issuing a bond right now.