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Sentiment unchanged in April thanks to services gains, consumer confidence also rises -
Strong demand for 30-year benchmark bond, yield of 4.24 pct double 2021 rate -
ECB study finds Greeks overburdened by housing costs, most likely to miss payments -
S&P ups outlook to positive, leaves rating at 'BBB-' -
Moody's leaves Greece's rating unchanged, one notch from investment grade -
Investment grade boost visible in strong demand for Greek assets
Athens welcomes volume, form of Commission's pandemic recovery plan
There was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.
The Fund will consist of 500 billion euros in grants and 250 billion euros in loans, with the financing raised by the Commission in financial markets by increasing the ceiling of funds that the EU can request from member states by 0.6 percentage points.
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