Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
The International Monetary Fund completed the latest round of discussions with the Greek authorities, in the context of the Article IV consultations, and the staff remarks were released on Wednesday.
Overall, the IMF’s view has not substantially changed on Greece after more than one year of the pandemic, with the only significant deviation from previous views being the uncertainty over the sustainability of Greece’s debt in the long-term.
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