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
BoG report highlights need for programme implementation, political consensus
In its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged Parliament to pass and the government to implement the legislation linked to Greece’s third bailout so the country to return to normality and sustainable growth.
The report advises that the remaining fiscal adjustment should not rely on taxes or increases to social security contributions, which could undermine competitiveness, growth and employment, but should instead focus on cutting non-productive government s...
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