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
Commission sees political uncertainty hurting recovery, growth reaching 2.5 pct in 2015
In its winter economic forecasts the European Commission (EC) underscores that political uncertainty is affecting confidence and may dent the speed of recovery in Greece.
In addition, export growth is seen outpacing that of imports in both years. The former is forecasted at 5.6 percent in 2015 and 4.8 percent in 2016 and the latter at 4 and 3.5 percent respectively.
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