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Fitch Affirms Greek Banks at 'RD' on Capital Controls

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank AE (Alpha), Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A. (Eurobank) at 'Restricted Default' (RD). At the same time the agency has affirmed the four Greek banks' Viability Ratings (VRs) at 'f'. A full list of rating actions is available at the end of this rating action commentary.

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The ECB’s Illusory Independence

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

By YANIS VAROUFAKIS, Project Syndicate

A commitment to the independence of central banks is a vital part of the creed that “serious” policymakers are expected to uphold (privatization, labor-market “flexibility,” and so on). But what are central banks meant to be independent of? The answer seems obvious: governments.

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The Economy of Middle East in one Map

Καταχωρήθηκε από τον/την loukaskoutsikos on . Δημοσιεύθηκε στο Economy

If we could only show you one map to explain the economy of the Middle East, it would be this one.If we could only show you one map to explain the economy of the Middle East, it would be this one.

 

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Greek Reforms Endorsed And Debt Relief Talks Launched

Καταχωρήθηκε από τον/την Δέσποινα Συριοπούλου on . Δημοσιεύθηκε στο Economy

by 

The outcome of the most recent Eurogroup meeting was a positive step towards the conclusion of the first review of the Greek program. The large-scale reform agenda of the government was endorsed by the institutions, paving the way for the long-awaited discussion on public debt. In this respect, the orchestrated efforts by the main (conservative) opposition party New Democracy and a number of media to cause political and economic instability in Greece proved fruitless.

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