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Rise in import prices slow further to 15.7 pct YoY in Nov
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Deposit outflow at 550 mln in Oct, led by a decline in corporates
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
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S&P leaves Greece a notch away from investment grade as outlook blurs
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Fitch leaves rating unchanged at 'BB', sees small recession and primary deficit next year
October revenues reverse earlier shortfall, annual primary surplus in sight
The budget execution to October showed revenues beating monthly targets by 761 million euros for the fourth straight month. Furthermore, the year to date previous revenue shortfall, which peaked to 1.61 billion euros at the end of June, turned to a small surplus of 51 million at the end of October for the first time so far in 2013, according to the preliminary data released by the Ministry of Finance (MoF) today.
Following a relatively stronger fiscal performance compared to the previous month, Greece exhibited a primary deficit at 40 million euros in October from 229 million in September, mainly owed to higher revenues more than offsetting a hike in interest pa...
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