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
Referendum call finds Greek banks teetering on the edge
The Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation.
The challenge to the Greek banking system was immediately visible following Greek Prime Minister Alexis Tsipras's televised address announcing in which he proposed a referendum for Sunday, July 5 on the proposals put forward by the institutions.
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