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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
Crumbling Greek pension system threatens big fiscal gap, budget derailment
Social security funds (SSFs) are the weakest link among the main general government (gg) entities, showing a significant deterioration in their fiscal performance in the course of 2015 and creating a looming challenge for the coalition.
Based on the latest gg bulletin for July, SSFs posted a cash primary deficit of 458 million euros in the 7-month period from a surplus of 359 million in the corresponding period last year, which means there was a fiscal deterioration by 817 million year...
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