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Q1 disposable income up 3.2% YoY, saving rate negative for six straight quarters
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CPI decelerates to 4.4% YoY in June, housing costs up 10.6%
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Scope leaves 'BBB' rating unchanged, outlook remains positive
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Moody's keeps rating unchanged at 'Baa3' and outlook stable
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DBRS leaves rating unchanged at 'BBB', cautions about risks and challenges
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EU–Mercosur deal promises gains for industry, risks for agriculture
Return to investment grade overshadowed by flood destruction
The Greek authorities and particularly the government must have had different plans in response to Friday’s move by DBRS to upgrade Greece’s credit rating to investment grade, a rating that it lost 13 years ago as the debt crisis was unfolding and led to three successive adjustment programmes.
The devastating floods caused by the storm Daniel, which started in mid-week in Volos and spread to the entire plain of Thessaly on Wednesday night have changed all government plans and priorities, leading to the postponement of the PM’s keynote speech ...
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