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Some key tasks pending as Greece edges closer to completing post-programme process
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Govt grabs opportunity offered by escape clause to entice voters with support package
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Recovery in car sales slows to 2.7 pct in August
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Rise of property prices continues with 4.6 pct increase in Q2
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Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.
Moody’s noted that both actions are credit positive as they alleviate the risk of a liquidity squeeze and signal a growing consensus on debt relief. However, on the back of a small governing majority, weak institutions and backdrop of political and soci...
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