�Greecovery': Is there enough light at the end of the Greek tunnel?

Signs of returning confidence with some improvement in business confidence, but activity might contract in the near-term. Reforms should start to bear fruit progressively in 2014 yet cost pressures on businesses remain high. Despite good progress on fiscal deficit reduction, public debt sustainability remains a big concern. Renewed social and political instability � still a downside risk.

EH country risk rating for Greece indicates continuing short run weakness. Risks for businesses remain high as insolvencies soar. A majority of sectors continues to underperform.