Deposit outflow at 550 mln in Oct, led by a decline in corporates
Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
S&P leaves Greece a notch away from investment grade as outlook blurs
Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
Yields rise, but Greek debt still partly shielded from market headwinds
BoG report highlights need for programme implementation, political consensus
In its interim Monetary Policy report published on Friday, the Bank of Greece (BoG) urged Parliament to pass and the government to implement the legislation linked to Greece’s third bailout so the country to return to normality and sustainable growth.
The report advises that the remaining fiscal adjustment should not rely on taxes or increases to social security contributions, which could undermine competitiveness, growth and employment, but should instead focus on cutting non-productive government s...
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