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
Notable increase in grants to social security sector leads to budget primary deficit in Nov
Greece’s budget primary surplus was confirmed at 4.34 billion euros in the 11-month period of 2015, up by 21.7 percent from the corresponding period last year, according to the Finance Ministry (MoF) final budget figures published on December 24.
Our understanding is that the government made these payments after the disbursement of the 2-billion bailout sub-tranche.
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