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
2015 primary surplus exceeds target as revenues outperform and expenditure is reined in
Greece’s budget primary balance reached 2.27 billion in 2015 up by 21.1 percent from the 2014 figure of 1.87 billion, the Finance Ministry (MoF) preliminary budget bulletin showed on Friday afternoon.
Compared to target, the actual figure indicates an underperformance of 990 million fully attributed to the non-collection of SMP and ANFA income of 3.59 billion. It is noteworthy that the relevant target for 2015 was 3.88 billion in the 2016 budget, upw...
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