Latest News for: Greek debt

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Is Italy headed for a debt crisis?

The Hill 02 Oct 2023
In late 2009, on the eve of the Greek sovereign debt crisis, Greek government bonds traded with a yield that was barely above that of German government bonds. A year later, the Greek sovereign debt crisis shook U.S ... That was then the largest sovereign debt default on record.
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Now Roger Waters visits WikiLeaks founder Julian Assange at Belmarsh prison - as Pink Floyd ...

The Daily Mail 02 Oct 2023
He was accompanied by the convict's wife Stella Assange, 39, and former Greek Finance Minister Yanis Varoufakis, who is best known for his role in the Greek debt crisis in 2015 ... Minister Yanis Varoufakis, (right) who is best known for his role in the Greek debt crisis in 2015.
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EBRD sees Greek growth at 2.4% this year

Ekathimerini 28 Sep 2023
The Greek economy is expected to grow by 2.4% this year and by 2.3% in 2023, ... The Greek public debt remains the highest in Europe (as a percentage of GDP) but fell significantly in the last two years, from 200% of GDP in 2020 to around 170% in 2022.
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NBG to issue new Tier II bond

Ekathimerini 26 Sep 2023
This is the first Tier II issuance since 2019, but also the first market foray in 2023 by National Bank, taking advantage of the positive climate that is emerging for the Greek economy and the banking system after the barrage of upgrades this month by Fitch and Moody’s for Greek banks ... NBG debt issues are rated Ba1 (from Ba2) – i.e.
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Stefanos Kasselakis: the political outsider hoping to revive the Greek left

The Observer 24 Sep 2023
Not since the emergence of the leftwing student activist-turned-politician, Alexis Tsipras, who took Europe by storm with Syriza’s ascent to power at the height of Greece’s debt crisis, has an electoral candidate so realigned the constellation of Greek political stars ... “The time has come to build the Greek dream that we so desperately need.”.
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‘Capitalism is dead. Now we have something much worse’: Yanis Varoufakis on extremism, Starmer, and the tyranny of big tech

The Observer 24 Sep 2023
... gets him to the Greek parliament in just over an hour ... Because in 2015, at the height of the Greek debt crisis, Varoufakis was catapulted from academic obscurity to minister of finance ... It formed part of his pitch to the EU at the height of the Greek debt crisis ... The Greek Solution.
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Greece’s 10-year bond yield rises 5 bps to 4.16%

Ekathimerini 18 Sep 2023
... Moody’s as they already priced a significant improvement of the risk premium of Greek debt.
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ECB’s Stournaras urges governments to help bring down inflation, Bloomberg reports

Reuters 18 Sep 2023
“A more restrictive fiscal stance wouldn’t only be a welcome strategic complement to ECB policy but also help improve the credibility of public debt and loosen the nexus with banks,” the Greek central bank chief said ... Reporting by Kanjyik Ghosh in Bengaluru Editing by Tomasz Janowski. Our Standards. The Thomson Reuters Trust Principles ... Read Next ... ....
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Exclusive: Greece to raise up to 7 bln euros from bond markets in 2024

Reuters 12 Sep 2023
The debt agency auctioned one-year T-bills last week, accepting offers from savers for the first time after years, with a yield of 3.81%, nearly twice the interest rate that Greek banks are offering to depositors ... The officials spoke on condition of anonymity because they were not authorised to speak on the matter.GREEK DEBT SEEN SHRINKING FURTHER.
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Boats, helicopters rescue hundreds as storm batters Greece for 3 days

Dawn 09 Sep 2023
LARISSA ... Civil protection authorities confirmed a death toll of 10, with four people missing ... As well as the human devastation, the storm will deal an economic blow to the country which emerged from a decade-long debilitating debt crisis in 2018, but Greek Prime Minister Kyriakos Mitsotakis said it could withstand the disaster ... .
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Greek ports and geopolitics

Ekathimerini 31 Aug 2023
In the early 2010s, Greece, burdened by debt and facing bankruptcy, had to agree to an intensive schedule of privatizing critical infrastructure, especially its ports ... With the Greek government having weathered its debt crisis and canceling the Alexandroupoli port’s privatization, Volos is now the main prize.
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The uphill battle of surpluses

Ekathimerini 27 Aug 2023
Stournaras also keeps warning that the expected upgrade of Greek debt to investment grade should not lead to a relaxation of fiscal policy, a mistake successive governments have repeated after reaching some milestone ... A senior Finance Ministry official expresses his optimism the government can contain spending and achieve the debt reduction goals.
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Eurozone woes help Greek bonds

Ekathimerini 24 Aug 2023
... the latter spread could reach 50 points as the main ratings agencies inch closer to upgrading Greek debt to investment grade after 13 years, a JPMorgan report said Wednesday.
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A lesson from China's disappearing data

The Milton Standard Journal 23 Aug 2023
Having perhaps run out of dissidents and business leaders to disappear, the Chinese government has now moved on to disappearing its data. The Chinese economy has hit a rough patch ... Nobody hides good news ... Witness the ongoing persecution of Greek statistician Andreas Georgiou, for the sin of accurately reporting his country’s debt figures back in 2010.
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The No. 1 lesson from China's vanished data: Nobody hides good news

The Buffalo News 22 Aug 2023
Having perhaps run out of dissidents and business leaders to disappear, the Chinese government has now moved on to disappearing its data ... Instead, some economic measures have grown appreciably worse ... Witness the ongoing persecution of Greek statistician Andreas Georgiou, for the sin of accurately reporting his country's debt figures back in 2010 ... ....

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