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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
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S&P moves Greece closer to investment grade, puts focus on budget and growth
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
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IMF urges caution on public finances
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DBRS moves Greece a notch closer to investment grade as Moody's holds off
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Building permits leap by 42.9 pct in Nov, taking year-to-date rise to 27.5 pct
Greek stocks plunge 7.9 pct, banks tumble 24.3 pct
![Photo by Can Esenbel [http://www.mundanepleasure.com/]](resources/toolip/img-thumb/2013/10/16/stocks2_economy_esenbel-large.jpg "Photo by Can Esenbel [http://www.mundanepleasure.com/]")
Following a nosedive by 8.9 percent last week, the Greek stock market tumbled a further 7.9 percent on Monday amid turmoil in the European markets on global growth prospects and increased domestic risks.
Greek shares continue to be heavily hampered by the lack of progress in discussions with the institutions on the first programme review and a stalemate in the pension reform discussions.
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