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
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Where Greek banks stand ahead of capital needs disclosure
Senior officials from the Bank of Greece (BoG) met on Thursday with the top management of the four Greek systemic banks (Alpha, Eurobank, National and Piraeus) and informed them about the outcome of the Blackrock loan diagnostic and their individual capital needs.
Reports indicate that the total bill is now seen at 5 billion euros, a figure broadly similar to the one that has been doing the rounds in the last few months. Same reports point to higher capital shortfalls for Eurobank and National and minimal or even...
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