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
BoG sees recovery strengthening, proposes post-MoU safety net
In the Interim Report on Monetary Policy for 2017 published on Thursday, Bank of Greece (BoG) governor Yannis Stournaras outlined the Greek economy’s positive momentum and the challenges that lie ahead, underlining that the focus of the political system and future policy implementation will decide whether Greece will leave the crisis for good.
Stournaras found himself at odds with the Greek government over his view that a safer approach to the post programme period is needed in the form of a precautionary line that will have several benefits for the banking system and the sovereign. This, tho...
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