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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
High participation in bond swap provides end of year boost
The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.
Last Monday, the PDMA announced an invitation to bondholders of certain GGBs that mature between 2023 and 2042 to be exchanged with four benchmark notes that mature in 2027, 2033, 2037 and 2042 as part of a liability exercise.
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