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
Ambitious privatisation targets will test government's resolve
Energy Minister Panos Skourletis insistence on Monday that the government aims to prevent power grid operator ADMIE being sold to private investors was a reminder of the pressing privatisation targets ahead for the coalition.
The government has committed for total privatisation proceeds of 6.4 billion euros by 2017. This figure, which excludes bank shares, is split into 1.4 billion for 2015, 3.7 billion for 2016 and 1.3 billion for 2017.
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