Some key tasks pending as Greece edges closer to completing post-programme process
PBO highlights exceptional factors supporting recovery, cautions against complacency
Govt grabs opportunity offered by escape clause to entice voters with support package
Recovery in car sales slows to 2.7 pct in August
Rise of property prices continues with 4.6 pct increase in Q2
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln
Bonds enjoy great buoyancy but remain some distance from investment grade
Greece’s borrowing costs have enjoyed an unprecedented period of buoyancy this year, which included the benchmark 10-year bond yield dropping from 4.4 percent in early 2019 to marginally below 2 percent yesterday.
The decline in borrowing costs accelerated after the European Parliament elections at the end of May and the calling of early elections for July as it became evident that political change was imminent in Greece and New Democracy under the leadership of ...
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