Yields rise, but Greek debt still partly shielded from market headwinds
Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Finance Ministry costs new support package, but questions remain over electricity subsidies
Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
Hiring balance slows in June as job market returns to normal levels
Complex privatisation fund faces tall order to reduce Greek debt
On top of the fiscal measures yielding 3 percent of GDP by 2018, one of the key prior actions for the conclusion of Greece’s first programme involves the establishment of a new privatisation fund.
This was envisaged in the Eurozone Summit statement of last July and has been repeatedly identified as a key area of interest from the eurozone lenders, particularly German Finance Minister Wolfgang Schaeuble.
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