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PBO draws attention to effects of climate crisis on public finances
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Moody's ups GGB rating by two notches, on par with S&P and Fitch
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Return to investment grade overshadowed by flood destruction
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
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New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
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Bond re-opening with 4 pct yield completes debt strategy for year
Notable increase in grants to social security sector leads to budget primary deficit in Nov
Greece’s budget primary surplus was confirmed at 4.34 billion euros in the 11-month period of 2015, up by 21.7 percent from the corresponding period last year, according to the Finance Ministry (MoF) final budget figures published on December 24.
Our understanding is that the government made these payments after the disbursement of the 2-billion bailout sub-tranche.
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