The Greek economy may remain on a growth trajectory and Greek bonds may already be trading as if they have investment grade, but Greeks will not be going on vacation because of... poverty.
With any profit-taking moves offset by demand, as buying interest from foreign capital also remains strong, the Athens Stock Exchange is moving to nine-year highs, with YTD gains for Greek stocks now hovering around 20 billion euros and the General Index to be at the top of the world's returns, recording a 35% increase this year.
About five months after upgrading the Greek economy to BB+ with a stable outlook, one step above investment grade, Fitch Ratings decided on Friday to keep its rating unchanged.