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
PDMA readies bond schedule for 2019, with eye on prepayment of IMF loans
Retail turnover in June grows strongly led by fuel and supermarket sales
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.
Moody’s noted that both actions are credit positive as they alleviate the risk of a liquidity squeeze and signal a growing consensus on debt relief. However, on the back of a small governing majority, weak institutions and backdrop of political and soci...
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