PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
S&P unexpectedly downgraded on Wednesday Greece’s long- and short-term ratings by one notch to ‘CCC+/C’ from ‘B-/B’ with a negative outlook.
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