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Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
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Economic sentiment stable in June, but consumer confidence drops
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
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Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
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Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
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IMF raises outlook on Greek debt sustainability to merely 'uncertain'
Increase of 11 pct in minimum wage to have knock-on effect in economy
As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.
This represents a rise of close to 11 percent, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10 percent. Given that the process of deciding the appropriate level for the minimum wage, i.e. one that...
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