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Covid recession bumped pension spending to 18 pct of GDP in 2020
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Greece draws another 3 bln from bond markets as debt strategy continues at pace
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S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
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PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
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Greek 30-year bond attracts strong demand at attractive yield
Severe underspend covers lower revenues for end-May primary surplus
Greece’s budget execution showed that the 5-month primary surplus more than doubled to 1.51 billion euros from 707 million in the corresponding period last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
The overall 5-month budget deficit fell by almost 30 percent to 1.4 billion euros, from 1.99 billion last year, outperforming the target by 2.08 billion.
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