Moody's holds on rating update stressing need for reform
Fitch leaves rating unchanged, notes recovery potential and tricky fiscal balance
New government sets sights on sustainable and wide-reaching tourism industry
Falling T-bill yields underline market confidence in Greek debt, promise lower servicing costs
Bonds enjoy great buoyancy but remain some distance from investment grade
Strong investor demand for 7-year bond, yield settles at record low of 1.9 pct
OECD proposes ways to improve competition, estimates positive economic impact at 414 mln
The Organisation for Economic Cooperation and Development (OECD) published on Monday its third assessment of Greece’s competition laws and regulations, identifying those that may hinder the competitive and efficient functioning of markets.
The assessment focused on five sectors, namely e-commerce, construction, media, wholesale trade and a number of manufacturing sub-sectors such as chemicals and pharmaceuticals, representing 11.2 percent of GDP and 16.7 percent of employment.
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