Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
Fitch takes no rating action as fiscal continuity remains crucial to investment grade
SMEs, backbone of Greek economy, have shed 27 pct of jobs since 2008
The annual report on European Small and Medium-sized Enterprises (SMEs) released by the European Commission (EC) this week showed that SME employment in Greece fell by 27 percent since 2008, which corresponds to 630,000 fewer jobs.
Over the same period, almost one in four (205,000) of the SMEs that existed in 2008 closed down, resulting in a reduction of the respective business volumes by one third of its 2008 levels. Although the decline slowed in 2013, there has not yet been a r...
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