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Moody's leaves Greece's rating unchanged, one notch from investment grade
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Investment grade boost visible in strong demand for Greek assets
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Labour database shows 8 in 10 workers earn less than 1,200 per month
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Investment grade rewards evident in first bond issuance of 2024, attracting record demand
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PDMA taps markets for first time this year via modest bond reopening
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Greece aims to replicate last year's successful debt strategy in 2024
EU subsidies help push Q1 primary budget surplus to 1.57 bln, well above target
Greece’s budget execution showed a primary surplus of 1.57 billion euros in the first quarter of 2014, three times higher than the 520 million recorded in the corresponding period last year, according to the preliminary data released by the Ministry of Finance (MoF).
The state budget balance for the first three months of the year turned negative, recording a deficit of 423 million from a surplus of 487 million to February. Nevertheless, this year’s budget deficit has narrowed by 69 percent from last year’s 1.35 bill...
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