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EconomyProgramme
Eurogroup marks start of countdown for prior actions Greece is not on the official agenda for Monday’s Eurogroup meeting, although eurozone finance ministers are expected to receive an update from the institutions’ mission chiefs on where the third review stands.
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EconomyProgramme
Focus back on remaining prior actions after mission chiefs' visit After the week-long visit by the institutions’ heads of mission to Athens as part of the third programme review, the focus will now shift back to the implementation of the dozens of outstanding prior actions needed for the inspection to be completed.
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PoliticsGreek Politics
PM hopes to avoid stumbling blocks amid numerous outstanding review actions The institutions’ mission chiefs are due to begin talks in Athens on Monday with Greek government officials amid hopes that the third review can be concluded relatively quickly without any complications.
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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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EconomyProgramme
IMF still sees fiscal gap in 2018 - no action needed, for now During the regular cycle ahead of its Autumn meetings in Washington, the International Monetary Fund released the World Economic Outlook (WEO) and Fiscal Monitor (FM) which also include the Fund’s latest macro and fiscal estimates for Greece.
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EconomyMacroeconomy
Draft budget sees stronger growth, fiscal targets being met The Finance Ministry (MoF) tabled on Monday in Parliament’s Economic Affairs Committee the 2018 draft budget, which contains its fiscal estimates as well as the underlying macro assumptions.
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EconomyMacroeconomy
GDP rises by 0.5 pct in Q2 as signs of recovery emerge Greece’s seasonally adjusted (SA) GDP grew by 0.5 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2017, after an upwards revised increase of 0.5 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Friday.
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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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EconomyMacroeconomy
Q4 GDP contracts 0.4 pct QoQ, growth of 0.3 pct in 2016 Greeces’ seasonally adjusted (SA) GDP fell by 0.4 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after an upward revised growth of 0.9 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) flash estimates revealed on Tuesday.