Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
PMI rises to 50 points in September, signalling stabilisation
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
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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