Latest News for: Greek debt


Investment capital seeks opportunities in Greece

Ekathimerini 22 Apr 2021
Last year the contraction of the Greek economy was slightly smaller than Italy’s ... The European Central Bank is easing further, it purchases bonds and Greek bonds are eligible for purchase ... And even the International Monetary Fund has suggested recently that the [Greek] debt is sustainable given reasonable scenarios of growth and interest rates.

Stephen Fry awarded with Medal of Grand Commander of the Order of the Phoenix

Greek City Times 22 Apr 2021
And so when we look back to the 200 years in which you established your freedom and independence, through a few problems here and a few problems there, we celebrate the strength and vigour of the Greek people, the descendants of the great heroes.” Speaking about Greece's sovereign debt problems a few years ago, Fry says.

ESM analyst: Debt remains sustainable

Ekathimerini 15 Apr 2021
The pandemic may have led to an increase in the Greek national debt and the long-term risks, but the country is not going through another debt crisis, the European Stability Mechanism’s chief economist Rolf Strauch stressed in an article ... Furthermore, the structure of the Greek ...

Policy hawks, courts will test ECB and euro debt markets

Metro USA 15 Apr 2021
Foreigners hold 30% of Italian debt, but around half the market in Spain and Portugal and almost 90% of Greek bonds, making these markets especially vulnerable to “rotation risk” if Treasury yields rise further, she said.

Transcript of April 2021 European Department Press Briefing

International Monetary Fund 14 Apr 2021
I would like to address a country specific question and come back to Greek debt sustainability. Greek debt is already above 200 percent of the GDP ... So, my question is are you worried about the dynamic of the Greek debt, and do you think that Greece should return to plenary primary surpluses as soon as possible? Thank you very much.
photo: Creative Commons / Fundación del Barrio
Guillermo Lasso in the Guano canton, Chimborazo

Ecuador: From Rafael Correa to Guillermo Lasso via Lenin Moreno

GlobalResearch 14 Apr 2021
As detailed in several former articles, from 2007 to 2010, Ecuador’s government led the way in making the sovereign decision of auditing its public debt to identify illegitimate debts and suspend repayment ... He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.

Greece will not need credit line, ESM official says

Ekathimerini 13 Apr 2021
What risks do you see for the Greek debt in the medium term? Are favorable debt repayment conditions still balancing the vast debt stock? For how long?. I can clearly say that the sustainability of the Greek debt is not an immediate worry for us ... Those factors together lead to a setting where Greek debt seems well manageable.

Fitch Ratings: Greek Debt Sustainable Despite Pandemic

The National Herald 12 Apr 2021
ATHENS -- Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday ... The structure of Greek public debt, with a very high concessional share, means that debt-servicing costs are low ... Debt reduction remains a key rating driver.

Greek debt sustainable despite pandemic, says Fitch

Ekathimerini 12 Apr 2021
Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday ... In March, the Greek state repaid around 65% of its outstanding IMF loans.

KKE's Koutsoumbas Accuses Government of Its Policy

The National Herald 12 Apr 2021
It is preparing anti-popular measures, a new memorandum, in essence the measures announced after the loan it took and the new debt ...

Hurricane forecasts again looking ominous for coastal residents, property owners, and US taxpayers

Finger Lakes Times 11 Apr 2021
The outlooks have been quite similar to those issued this time last year that correctly foresaw above-average numbers of storms — but not nearly above-average enough in a year in which the basin, which also includes the Caribbean Sea and Gulf Mexico, became reacquainted with the Greek alphabet after the National Hurricane Center ran out of names.

Greek restaurants on the ropes ahead of tourism restart

Urdu Point 10 Apr 2021
Some five months after the Greek government ordered a restaurant shutdown in November as coronavirus cases began to increase, operators and their staff have been burning up both their financial and psychological reserves ... - 'Will we collapse under debt?' - To keep himself afloat, bistro owner Tilemachos Nikoletatos decided to downsize.

The future of the Euro is uncertain

The Spectator 08 Apr 2021
A decade ago, Europe clambered out of the 2008/09 financial crisis only to fall into the sovereign debt crisis of 2010 ... Yet the warning signs are there that sovereign debt could once again compromise eventual recovery ... The Eurozone sovereign debt crisis never really went away.

ECB has €22 bln in Greek bonds

Ekathimerini 07 Apr 2021
Notably the Greek benchmark bonds in the market add up to some €59 billion, therefore the ECB holds more than a third of that through its PEPP program ... The peak was in June-July 2020, when the ECB bought Greek debt worth €5.256 billion.

'Vulture' fund chief still circling Spain

The National 07 Apr 2021
Spain's economy has suffered after austerity measures were imposed to quell market fears of a Greek-style debt crisis, which have also sparked social unrest and calls for a vote on independence from Catalan nationalists, who hold sway in Barcelona.