Credit growth accelerates to 3.2 pct in May, led by loans to businesses
PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
S&P moves Greece closer to investment grade, puts focus on budget and growth
Ambitious privatisation targets will test government's resolve
Energy Minister Panos Skourletis insistence on Monday that the government aims to prevent power grid operator ADMIE being sold to private investors was a reminder of the pressing privatisation targets ahead for the coalition.
The government has committed for total privatisation proceeds of 6.4 billion euros by 2017. This figure, which excludes bank shares, is split into 1.4 billion for 2015, 3.7 billion for 2016 and 1.3 billion for 2017.
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