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
Gains of 2.5 pct for stocks this week amid subdued trading volumes
Despite the lack of positive developments ahead of Monday’s Eurogroup, the Greek stock market traded mostly in positive territory this week, climbing 2.5 percent with low trading volumes.
Most investors remain on the sidelines adopting a wait-and-see stance in the absence of a positive catalyst that could unlock the ongoing stalemate in negotiations between the government and lenders.
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