High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Greek banks' potential capital shortfalls set to be reduced by more than 2.5 bln
Greek media reported on Tuesday that the Ministry of Finance (MoF) will soon table in Parliament a draft bill which will allow the conversion of Greek banks’ Deferred Tax Asset (DTA) into tax credit.
The new legal framework has to be approved by the European Banking Authority (EBA) by September 30 in order for the resulting capital benefits to banks to be incorporated in the ECB-EBA stress tests.
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