OECD adds to strong recovery forecasts, sees 6.7 pct growth this year and 4.8 pct in 2022
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
Moody's explains why it sees SYRIZA win as credit negative
Moody’s became on Tuesday the first rating agency to release a report on the outcome of Greek elections, noting that it is credit negative because it prolongs financing, liquidity and economic growth risks, while also undermines depositor confidence.
According to the rating agency, the four takeaways from the report include:
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