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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
Greece’s Public Debt Management Agency (PDMA) has issued its debt strategy for 2021, in which it outlines the significant achievements on the debt front during a tumultuous 2020 and its plan for new debt issuances in the next year.
PDMA notes that in 2020 Greece managed to raise 12 billion euros of new debt through three new bond issues, a 7-, 10- and 15-year and two re-openings of the 10- and 15-years, attracting total demand of 77 billion euros.
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