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S&P awards investment grade, bringing arduous cycle for economy to a close
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OECD outlines several areas where reforms could boost growth potential
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PBO draws attention to effects of climate crisis on public finances
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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
Collapse in revenues brings 2014 primary surplus to 1.9 bln, 3 bln short of target
Greece’s budget execution displayed the primary surplus significantly narrowing by 1.64 billion month on month (MoM) to 1.93 billion at the end of 2014 from 3.57 billion in the 11-month period, according to the Finance Ministry (MoF) preliminary budget bulletin published today.
More importantly, the year to date primary surplus outperformance of 691 million by the end of November turned to an underperformance of 3.01 billion for the whole year.
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