OECD outlines five priorities for Greek reform agenda in 2017
Stocks edge down 0.6 pct as review talks continue
Stocks dip by 0.2 pct, lack of trading activity continues
Stocks rebound by 0.7 pct for third straight week amid light trading activity
Fitch keeps Greece’s rating at ‘CCC’
Stocks edge up 0.9 pct, trading activity remains subdued for third straight week
A snapshot of Greek banks' ABS as ECB readies for next move
The European Central Bank (ECB) announced on September 4 that it will proceed with a large-scale purchase of asset-backed securities (ABS) as well as euro-denominated covered bonds issued by eurozone banks starting from October.
Although detailed modalities of both programs will be announced on October 2, it appears that Greek banks will be excluded from the ECB’s largest quantitative easing measures. The key reason is the country rating (‘B’ by S&P and Fitch and ‘Caa1’ by Mood...
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