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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
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
Amid the uncertain times of the Ukraine conflict and the inflationary pressures globally, but after Greece’s upgrade by S&P last week to one notch from investment grade and the recent prepayment of IMF loans by the government, the Public Debt Management Agency (PDMA) saw a window of opportunity to dip back into the bond market.
It triggered the reopening of the 7-year bond that was issued in April 2020, which was the first issuance after the pandemic began.
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