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
S&P moves Greece closer to investment grade, puts focus on budget and growth
National Bank first to test market waters in post-election afterglow
If the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover.
The 6 percent drop in the Athens Stock Exchange index in the first two days after Sunday’s victory for New Democracy was not altogether surprising in light of the market adage that most price action tends to happen in anticipation of news, while traders...
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