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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
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Yields rise, but Greek debt still partly shielded from market headwinds
Revenues 705 mln short in June but expenditure above target by 961 mln
Greece’s budget primary surplus widened to 1.88 billion euros in the first half of the year, from 1.51 billion in the 5-month period, and 707 million in the first half of last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Tuesday.
Although the MoF did not comment on the revenue underperformance in June, our understanding that it reflects the further delay in the collection of the first instalment of the corporate income tax until July 20, with June revenues estimated at 300 milli...
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