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PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
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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
EU makes dramatic revision to economic forecasts, sees recession of 2-4 pct this year
The European Commission (EC) published on Wednesday its assessment following the official Greek request for a 3-year loan from the European Stability Mechanism (ESM).
In specific, a primary deficit of zero to 1 percent is now projected for 2015, a primary balance of 1 to 0.5 percent in 2016 and a primary surplus of 2.25 to 2 percent in 2016. However, the primary surplus target of 3.5 percent as of 2018 remains unchan...
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