PDMA releases details of 10-year bond, highlighting strong interest
Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
EC report notes economic imbalances and outlines remedies
Athens starts MTFS process with baseline scenario that sees growth slowing down
Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
EC sticks with 0.6 pct growth for Greece in 2014 but also sees C/A deficit
In its winter economic forecasts released on Tuesday, the European Commission (EC) notes that recent data support expectations that Greece should return to growth in 2014. Confidence indicators continue to improve, whilst hard data releases suggest the first signs of recovery.
The EC retains its headline forecasts for Greek GDP growth unchanged at 0.6 percent in 2014 and 2.9 percent in 2015. Nevertheless, there are some differentiations in the evolution of the key GDP contributors:
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