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
Deadline for liberalisation of household and SME NPLs looms closer
Apart from pension reform, one of the most socially and politically sensitive issues of the first programme review is the full liberalisation of the non-performing loan (NPL) market.
Although the overhaul of the pension system is currently dominating the domestic agenda, with large protests from all those burdened by the government proposal, the upcoming discussions on NPLs is likely to add more friction and increase tension within ...
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