BoG revises growth forecast down to 3.2 pct amid growing uncertainty
Credit growth accelerates to 3.2 pct in May, led by loans to businesses
PBO urges continued fiscal discipline amid growing instability
Rising bond yields a concern, but not an immediate fiscal problem
OECD finds tax cuts linked to pandemic helped reduce wedge on labour
Reopening of 7-year bond affirms tougher conditions on sovereign debt market
Stocks finish week on high after progress at Eurogroup
The Greek equity market jumped 2.3 percent this week, mainly led by Friday’s gains of 1.5 percent, in the wake of the outline deal clinched at the Eurogroup and the decision taken for a return of the institutions’ mission chiefs to Athens as soon as possible.
Τhe general index of the Athens Stock Exchange climbed to 681.08 on Friday, its highest level since November 9, 2015. Over the last two weeks, Greek shares have rebounded 7.1 percent extending year to date gains to 5.8 percent.
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