Investment grade boost visible in strong demand for Greek assets
Labour database shows 8 in 10 workers earn less than 1,200 per month
Investment grade rewards evident in first bond issuance of 2024, attracting record demand
PDMA taps markets for first time this year via modest bond reopening
Greece aims to replicate last year's successful debt strategy in 2024
Benefits of investment grade starting to become visible
Credit growth accelerates to 3.2 pct in May, led by loans to businesses
Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released on Wednesday showed.
The growth in credit expansion had remained broadly stable after reaching a peak of 3.7 pct in February last year. The latest growth figure is the highest since March last year when growth stood at 2.9 percent.
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