Successive positive news come 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.

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 a new reform momentum. The report also forecasts growth of 2% this year and 2.4% in 2019 versus 1.5% in the first half of 2019.