S&P sees improved fiscal and growth prospects, raises credit rating to 'B'
BoG sees recovery strengthening, proposes post-MoU safety net
High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
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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