Disposable income rises by 7 pct in Q2 as economy recovers, savings still positive
S&P holds off on new rating upgrade, ECB holds key to investment grade
Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
Greece raised lower than expected amount from 3-year bond issue, yield at the high end
Following Wednesday’s press release revealing that Greece has mandated international banks for a benchmark bond issue, the Finance Ministry (MoF) announced on Thursday that Greece sold a 3-year bond in a principal amount of 1.5 billion euros at a yield of 3.5 percent.
The amount of the syndicated sale is almost half compared to the 2.5 - 3 billion rumoured in the past few days, while the yield stands at the high end of initial estimates.
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