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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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Yields rise, but Greek debt still partly shielded from market headwinds
Recovery of farming subsidies threatens to widen Greek fiscal gap
One day after the completion of the troika’s discussions with the Greek authorities, ahead of the next review due in the second half of September, local media indicate that a European Court of Justice (ECJ) decision may cause a fiscal gap of 600 million euros.
This ECJ decision relates to two rulings regarding the recovery of irregular agricultural subsidies that were granted over the past ten years, according to financial website Capital.gr.
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