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S&P ups outlook to positive, leaves rating at 'BBB-' -
Moody's leaves Greece's rating unchanged, one notch from investment grade -
Investment grade boost visible in strong demand for Greek assets -
Labour database shows 8 in 10 workers earn less than 1,200 per month -
Investment grade rewards evident in first bond issuance of 2024, attracting record demand -
PDMA taps markets for first time this year via modest bond reopening
Final structure of bank recap taking shape, cautious optimism for outcome
Despite indications that the government would reveal its decisions on the bank recapitalisation framework by October 21, discussions within the cabinet and with the mission chiefs continued throughout last week.
Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected to announce the Greek banks’ capital needs on October 30–31, the draft bill on bank recapitalisation is expected to be tabled shortly and voted on before the SSM disclosure.
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