Fitch rating upgrade seals Greece re-establishing itself as investment grade material
S&P awards investment grade, bringing arduous cycle for economy to a close
OECD outlines several areas where reforms could boost growth potential
PBO draws attention to effects of climate crisis on public finances
Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
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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