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Economy
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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EconomyMacroeconomy
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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Economy
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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Economy
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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EconomyProgramme
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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PoliticsGreek Politics
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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PoliticsGreek Politics
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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Economy
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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EconomyMacroeconomy
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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EconomyMacroeconomy
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.