Reuters – Greece will delay stress testing of its banks until October to allow its largest lender to complete a big rights issue, part of efforts to begin financing its economy again on international markets.
Posted on 20 September 2010.
Reuters – Greece will delay stress testing of its banks until October to allow its largest lender to complete a big rights issue, part of efforts to begin financing its economy again on international markets.
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Posted on 20 September 2010.
AFP – A stress test on the health of the banking system in debt-stricken Greece has been postponed to allow the authorities more time to prepare, the Financial Times reported on Monday.
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Posted on 19 September 2010.
ATHENS (Reuters) – Greece’s international lenders assured investors this week that they would not abandon Athens at the end of a 3-year bailout plan if it fulfilled tough reforms but failed to regain market trust, a source told Reuters on Sunday.
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Posted on 15 September 2010.
ATHENS (Reuters) – Greece is on track to slash its budget deficit according to plan this year, but needs to further improve tax collection and control spending to sustainably shore up its finances, the IMF said on Tuesday.
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Posted on 14 September 2010.
AP – Greece raised euro1.17 billion ($1.5 billion) in an oversubscribed sale of 26-week treasury bills Tuesday, in the first of a regular monthly debt issue as Greece tests the market’s appetite for buying Greek debt.
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Posted on 12 September 2010.
AP – Greece’s prime minister has promised to lower some corporate taxes to help revive the debt-plagued country’s shrinking economy, while thousands of protesters marched — mostly peacefully — against the government’s harsh austerity measures.
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Posted on 10 September 2010.
AP – The rate at which Greece is narrowing its budget deficit slowed slightly over the summer, although the country is still on track to meet the targets laid out in an agreement with the International Monetary Fund and EU, finance ministry figures showed Friday.
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Posted on 08 September 2010.
Greece’s largest bank is planning to raise €2.8bn ($3.5bn) in new capital in a move designed to bolster confidence in the Greek banking sector
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Posted on 25 August 2010.
AP – Greece’s finance minister says his country’s recession is milder than expected and that the economy will shrink by less than the forecast 4 percent this year.
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Posted on 12 August 2010.
AP – THE DROP: Greece’s gross domestic product fell 1.5 percent from the previous quarter. The unemployment rate, meanwhile, rose to 12 percent in May with nearly one in three young people out of work.
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