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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
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PMI rises to 50 points in September, signalling stabilisation
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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OECD releases new outlook calling for sustained reforms post Covid-19
Referendum call finds Greek banks teetering on the edge
The Eurogroup rejected on Saturday the Greek government’s proposal for a one-month extension of the current bailout programme, which expires on June 30, Greek banks are facing a dramatic situation.
The challenge to the Greek banking system was immediately visible following Greek Prime Minister Alexis Tsipras's televised address announcing in which he proposed a referendum for Sunday, July 5 on the proposals put forward by the institutions.
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