S&P keeps B+ rating and positive outlook, stresses factors for stronger growth
PDMA sets out plans to build on recent market forays with bond issues in 2019
Backpay for civil servants gets "positive" measures rolling for government
Appeals over past pension cuts sow confusion about potential fiscal impact of backpay
Revision confirms second year of total fiscal surplus at 0.8 pct of GDP
Moody's explains cautious approach to Greek credit rating upgrade
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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