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
Talks to begin on plan to rescue PPC from dire financial straits
Increase of 11 pct in minimum wage to have knock-on effect in economy
As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.
This represents a rise of close to 11 percent, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10 percent. Given that the process of deciding the appropriate level for the minimum wage, i.e. one that...
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