Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
Greece moves step closer to investment grade as Fitch ups rating by one notch to 'BB+'
Rise in import prices slow further to 15.7 pct YoY in Nov
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
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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