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The announcement comes as no surprise, according to Professor Kevin Featherstone of the London School of Economics, although the exact numbers are new.
The Athens Stock Exchange was unmoved, closing only 0.1% down on Monday, an hour after the finance minister made his comment
Professor Featherstone, who heads the LSE's Hellenic Observatory, said that the data could however be taken as a "reliable signal", because it came from the central bank.