Yields rise, but Greek debt still partly shielded from market headwinds
Travel receipts reach 8.55 bln up to July, balance of 7.71 bln beats 2019 record
Moody's, DBRS keep ratings unchanged, leave no doubt that fiscal prudence is key for next moves
Finance Ministry costs new support package, but questions remain over electricity subsidies
Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
Hiring balance slows in June as job market returns to normal levels
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system. But it urged caution on the fiscal policy front after the recent round of expansionary measures and called on banks to focus on tackling the challenge of Non-Performing Exposures (NPEs).
Aside from the Greek lenders’ commitment to tackle problematic assets on their books, the central bank expressed its support for more systemic solutions that will assist banks dealing with the issue, such as its own plan of using deferred tax credits to...
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