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Yields rise, but Greek debt still partly shielded from market headwinds
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Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
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Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
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Finance Ministry costs new support package, but questions remain over electricity subsidies
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Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
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Hiring balance slows in June as job market returns to normal levels
Greece's 2014 fiscal gap suddenly appears bigger, much bigger
Just one week after the Greek Finance Ministry submitted to Parliament the draft budget for 2014 - which sees a primary surplus of 2.9 billion euros, or 1.6 percent of GDP – European Central Bank executive board member Joerg Asmussen appears to have put the economic plan in some doubt, while testing the limits of Finance Minister Yannis Stournaras’s positivity.
It is widely known from previous reviews that in troika jargon when a mission is stopped until “technical work is completed” it means there is a disconnect between the two sides and a gap in views which needs to be bridged, usually so the final, shared ...
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