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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
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PMI rises to 50 points in September, signalling stabilisation
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BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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OECD releases new outlook calling for sustained reforms post Covid-19
Athens sets out debt management strategy for 2020, reopens 10-year bond
The draft budget submitted to Parliament on Monday gives some broad guidelines regarding Greece’s debt management strategy for next year.
At the same time, the Public Debt Management Agency (PDMA) reopened on the same day the 10-year bond issued early this year in an attempt to maximise the benefits from the record low yields that Greece has been enjoying during the second part of the year.
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