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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Rebound of 9.38 pct on Tuesday almost erases Monday's Greek stock losses
Following the negative mood that prevailed in the global financial markets yesterday amid deepening concerns about the Chinese economic slowdown, the global sentiment was completely reversed in today’s session after the central bank of China cut interest rates and lowered banks’ reserve amounts.
The Athens Stock Exchange general index climbed to 621.70 points after plummeting to 568.38 points on Monday, which was the lowest reading since mid-June 2012. The domestic market has recorded losses of 2.1 percent this week, while the drop since the en...
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