GREEK NEWS

Le Maire: We are not far from a final settlement on Greek debt

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Arriving for the Eurogroup meeting in Brussels on Monday, French Economy and Finance Minister Bruno Le Maire reported “good news” on Greece, with indications that the Eurozone was “not far from a final settlement on Greek debt.”

Monday’s discussion will focus on the disbursement of the next tranche of loans to Greece and the finance ministers will l...

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Moscovici: Greece has completed 99 pct of the prior actions

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Greece has made significant progress and completed 99 pct of the prior actions in the Greek programme, European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Monday, in a statement as he arrived for a Eurogroup meeting in Brussels.

According to the Commissioner, the completion of the third review of the Greek programme...

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The ‘end of the tunnel’ in sight for Greece, ‘Les Echos’ article finds

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Eurozone finance ministers meeting in Brussels on Monday are expected to formally mark the conclusion of the third review and start preparing for the Greece’s exit from the economic adjustment programme, according to an article in the French newspaper “Les Echos” on Monday.

According to the newspaper, Greece has a “clear horizon” ahead while it cit...

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Fitch upgrades Greece’s sovereign credit rating from B- to B

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Fitch on Friday upgraded Greece’s sovereign credit rating by one notch from B- to B, and kept its positive outlook.

In its report, the major rating agency estimated that the sustainability of the state debt will improve with the contribution of the economic recovery and the reduction of the political risk as the primary surpluses which are ensured...

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Stournaras to participate in World Bank, IMF meeting on climate change

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Bank of Greece (BoG) governor Yannis Stournaras will participate in the regional meeting of the International Monetary Fund (IMF) and the World Bank to be held in Lisbon on Friday.

The meeting, organised by the Portuguese finance ministry and the Bank of Portugal, will focus on climate change and its macroeconomic repercussions, as well as ways to...

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TAP project moving within set timetables and budget, official says

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“For such a complex project there are many concerns and challenges. We work to build a pipeline with safety within the set timetables and budget,” Katerina Papalexandri, managing director of the TAP pipeline project in Greece said on Thursday, responding to questions over the possible consequences of a delay in the pipeline’s construction in Kaval...

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