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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Strong performance of 15-year bond bodes well for market strategy
The strong appetite for Greece’s sovereign debt has been visible over the last few weeks across the curve, with yields as low as 0.3 pct for the 5-year issue.
A month ago, the equivalent yield stood just short of 0.5 pct and six months ago the yield was four times higher at 1.23 pct.
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