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Focus of discussion for lenders moves to debt relief, post-MoU framework
EconomyProgrammeThe official conclusion of the third review on Friday means that the attention of the Greek government and its lenders has moved fully to the final few months of the programme and what will follow.
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Moody's upgrades rating to 'B3,' amid confidence about political outlook, economic prospects
EconomyIn an unexpected move on Wednesday night, Moody’s was the latest ratings agency to upgrade Greece’s credit worthiness by two notches, to ‘B3’ from the ‘Caa2.’ maintaining the positive outlook.
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Central government debt grows to 328.70 billion in Q4
EconomyMacroeconomyGreece’s central government debt rose by 2.59 billion euros quarter-on-quarter (QoQ) to 328.70 billion in the fourth quarter (Q4) of 2017, from 326.11 billion in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
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Work on post-programme framework continues despite tranche holdup
EconomyProgrammeThe delay in the disbursement of Greece’s next bailout tranche does not look like it will affect the plans to begin work on the fourth review, as well as the ongoing discussions regarding debt relief and the other post-programme arrangements.
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Fitch upgrades Greek rating to 'B,' sees hybrid MoU exit and 2.1 pct growth this year
EconomyFitch upgraded on Friday Greece’s long-term credit rating by one notch to ‘B’ from ‘B-‘, maintaining a positive outlook.
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Athens facing final steps in third review as next milestones identified
EconomyProgrammeThe countdown to next Monday’s Eurogroup, where the third review is due to be officially completed has begun following last week’s visit to Athens by European Economic Affairs Commissioner Pierre Moscovici, who also set out the key milestones for the months ahead.
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Athens meets bond targets despite testing market conditions
EconomyOn Friday afternoon, one day after the successful completion of the bond issue, the Greek Finance Ministry provided the details of the transaction for the 3 billion notes due 15 February 2025.
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Moscovici upbeat in Athens, highlights elements needed for programme exit
EconomyProgrammeEuropean Economic Affairs Commissioner Pierre Moscovici had several messages to deliver during his visit to Athens, which focussed mostly on what needs to happen over the next few months to ensure that Greece completes the third programme without any problems.
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Greece issues 7-year bond, moves closer to wrapping up third review
EconomyProgrammeFollowing a small delay due to the turmoil in international markets earlier in the week, Greece opened on Thursday the book of offers for a syndicated seven-year bond.
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Athens puts off bond sale, has fiscal concerns to address
EconomyProgrammeGreek authorities decided on Tuesday to put off plans to begin the book-building process for the 7-year bond that Athens wants to issue due to volatility on the international markets.