BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
ECB boost for Greek debt as authorities ponder new market foray
Athens welcomes volume, form of Commission's pandemic recovery plan
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Fitch keeps Greece's rating at 'CCC'
In its scheduled rating review on Friday, Fitch affirmed Greece’s rating at ‘CCC’, where it was initially placed on March 28.
The rating agency highlights that lack of market access and uncertain prospects of timely disbursement from the official creditors coupled with tight liquidity conditions for Greek banks are putting extreme pressure on the Greek government funding.
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