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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
PDMA taps markets for first time this year via modest bond reopening
Greece’s debt managers have tapped the markets for the first time this year, with the reopening of a 5-year issue that matures in June 2028, which had an initial issue yield of 3.875 pct.
Auctions of reopenings were used extensively by the Public Debt Management Agency (PDMA) last year, with the first such move taking place in April last year, when a 10-year issue was reopened asking for 300 million euros. The transaction attracted signi...
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