The successive positive news comes from the Greek bond market, with the spread between the 10-year Greek bond and the corresponding Italian, moving closer to zero, day by day, int.ert.gr reports.
The fact that Greece pays a very low-interest rate is a sign that the country is now implementing a credible policy, said the head of the European Stability Mechanism (ESM) Klaus Regling in an interview with the Swiss newspaper Neue Zürcher Zeitung.
The short-term outlook for the Greek economy is favorable, according to a report by the European Bank for Reconstruction and Development, referring to the country’s strong fiscal performance, its improved outlook for medium-term debt sustainability and new reform momentum. The report also projects growth of 2% this year and 2.4% in 2019 versus 1.5% in the first half of 2019.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
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