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PBO urges continued fiscal discipline amid growing instability
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Rising bond yields a concern, but not an immediate fiscal problem
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OECD finds tax cuts linked to pandemic helped reduce wedge on labour
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Reopening of 7-year bond affirms tougher conditions on sovereign debt market
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S&P moves Greece closer to investment grade, puts focus on budget and growth
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BoG: Growth could be 2 pts lower than expected, inflation may reach 7 pct
Stocks rise for first time in three weeks, gaining 1.1 pct
The Greek equity market traded in mild negative territory until Wednesday, while a rebound in the last two sessions erased earlier losses leading to weekly gains of 1.1 percent. The trading activity remained largely at previous week’s level, while the turnover climbed to 181 million on Wednesday due to the MSCI rebalancing.
The general index of the Athens Stock Exchange closed at 786.57 on Friday, at its highest level this week. Over the last three weeks, Greek stocks have edged down 0.3 percent, while they record notable gains of 22.2 percent since the beginning of the year.
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