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
Greece announces return to markets with 5-year bond, mostly targeting swap
Travel receipts edge up 1.7 pct in May on higher foreign arrivals
S&P revises Greece outlook to positive, affirms 'B-' rating
EC sees resilience in Greek economy, urges additional measures in 2016 and 2017
In its winter economic forecasts published on Thursday, the European Commission (EC) aligned its GDP estimates with those incorporated in Greece’s 2016 budget calling for GDP growth in 2015 and contraction of 0.7 percent in 2016.
In contrast, upside risks could stem from revenue administration reforms, which are not incorporated in current forecasts, and revenue buoyancy on the back of the overall resilience of macro and tax collection figures in the second half of 2015.
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