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Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
As anticipated, Fitch kept its credit rating for Greece steady at ‘BB’ with a stable outlook.
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MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid
The Finance Ministry submitted to Parliament the latest Medium-Term Fiscal Strategy (MTFS) for the 2022-2025 period, during which a strong economic and fiscal recovery is anticipated following the damage inflicted by the pandemic.
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Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
Greece completed its fourth market foray of the year by re-opening this week the 10-year bond that was issued on January 28.
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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
The International Monetary Fund completed the latest round of discussions with the Greek authorities, in the context of the Article IV consultations, and the staff remarks were released on Wednesday.
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
The Greek authorities overcame one more hurdle in the post-programme surveillance process as the European Commission released on Wednesday the tenth report since the final programme was completed in the summer of 2018.
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Launch of new insolvency process may carry political significance
All eyes in Athens were on the visit of Turkish Foreign Minister Mevlut Cavusoglu on Monday, but on the domestic front the Greek authorities are preparing for the implementation from Tuesday of the new insolvency framework, which includes an end to the protection of primary residences for most households.
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Govt on alert for possible fallout from tapering of pandemic relief measures
The government is bracing itself for any possible impact from the tapering of the economic relief that it has offered Greek businesses since the beginning of the pandemic.
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
Greece completed on Wednesday its third successful market foray of the year by drawing 3 billion euros through a new 5-year bond issue.
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Stability Programme reflects subdued expectations for 2021, high hopes for 2022 onwards
Greece has submitted to the European Council and Commission its Stability Programme for the period 2022 -2024, which is based on the activation of the general escape clause that allows temporary violations of fiscal commitments due to the pandemic.
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General government debt rises to 205.6 pct of GDP in 2020
Greece’s general government debt rose to 205.6 percent of gross domestic product last year as the coronavirus pandemic sunk economic output.