Retail turnover in June grows strongly led by fuel and supermarket sales
Economic sentiment remains stable as retail confidence materially improves
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
Greece announces return to markets with 5-year bond, mostly targeting swap
Following days of rumours and press reports, the Greek government officially launched the process for a new bond offering on Monday afternoon.
As we have noted, Moody’s upgraded Greece’s rating by one notch to ‘Caa2’ with positive outlook on June 23, while S&P upward revised the rating outlook to positive from stable last Friday.
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