PBO draws attention to effects of climate crisis on public finances
Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
Bond re-opening with 4 pct yield completes debt strategy for year
Court verdict on 2016 pension reform seen having fiscal impact
Rulings from the Council of State just published deem parts of the 2016 pension reform, known as the Katrougalos law, unconstitutional and mean the new government will have to redesign parts of the social security system and incur a reported annual fiscal of around 300 million euros.
The directives of the law passed by the previous SYRIZA government that were deemed unconstitutional include the formula for calculating self-employed contributions, the ceiling of 1,300 euros on auxiliary pensions, and the calculation of auxiliary pens...
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