Employment balance year-to-date posts record despite more departures in July
Fitch upgrades Greek rating to 'BB-', three notches from investment grade
Retail index jumps 5.3 pct in May led by fuel and supermarket sale
S&P revises outlook to positive, sees encouraging signs after debt deal
S&P upgrades Greece to 'B+' on back of Eurogroup agreement
ECB report highlights sluggish Greek economic growth
IMF sets out key priorities for Greece, including labour market flexibility
In its staff report for the 2016 article IV consultation on euro area policies released on Friday, the International Monetary Fund highlighted labour market flexibility, strengthening competition and improving business environment as the key reform priorities for Greece.
With regard to the labour market, the IMF recommends that reforms need to be preserved and further expanded. It makes special mention of the minimum wage, which it argues stands at the high end in the eurozone when measured on a GDP per capita basis.
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