Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
Talks to begin on plan to rescue PPC from dire financial straits
Greek central government debt inches down to 320.42 bln in Q1
Greece’s central government debt slipped by 1.06 billion quarter on quarter in Q1 2014 to 320.42 billion from 321.48 billion in the previous quarter, according to the Finance Ministry debt bulletin published on Wednesday.
The quarterly movement reflects redemptions of long-term bonds issued domestically (1.85 billion) and Financial Support Mechanism (FSM) loans (1.3 billion) more than offsetting a net increase in repo loans by 2.07 billion.
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