Latest News for: Greek debt

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Navios Holdings raises $31m towards tackling looming $462m maturities

Tradewinds 15 Sep 2021
... big debt maturities coming down the track.
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Nicosia calls on Turkey to pay outstanding compensation

Ekathimerini 14 Sep 2021
Cyprus has accused Turkey of “blatant disregard of its legal obligations” by failing to comply with the rulings of the European Court of Human Rights concerning outstanding compensation in Greek Cypriot property cases ... According to the memorandum, Turkey’s outstanding debt as of March 13, 2019 came to €52,842,414 for the Xenides-Arestis group.
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Mikis Theodorakis: A Life of Music and Resistance

GlobalResearch 13 Sep 2021
On Thursday, September 2, renowned Greek composer and political activist Michail “Mikis” Theodorakis died in Athens at 96 of cardiopulmonary arrest ... He gave the score for the film Zorba the Greek in 1964 ... He criticized the Greek government for the loan debt accrued from the International Monetary Fund (IMF).
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Greece tortures judges for 10 years for revealing Athens budget tactics – Corriere.it

Swords Today 13 Sep 2021
Probably the main problem Andreas Giorgio, Officer R Athens reveals scope of budget fraud, Must be Greek ... Giorgio was an official of the International Monetary Fund who was elected in 2010 to recalculate the amount of Greek deficit and debt after massive fraud in previous years.
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Australia’s Macquarie to buy HEDNO in Greece’s most extensive privatisation

Greek City Times 12 Sep 2021
PPC sources said it was the biggest privatization in Greek history and noted that PPC will be able to significantly reduce its borrowing (the debt/net earnings rate will fall below 3) ... PPC said Macquarie’s offer included net debt worth 804 million euros ... Advertisment. .
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Greek state bond yields continue falling

Greek City Times 11 Sep 2021
Greek state ... A cautious stance adopted by the European Central Bank on its support measures gave a boost to south European debt markets, particularly the Greek market, which benefits more from ECB’s PEPP programme.
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Macquarie to Buy 49% in HEDNO for 2.1 Billion Euros

The National Herald 11 Sep 2021
PPC sources said it was the biggest privatization in Greek history and noted that PPC will be able to significantly reduce its borrowing (the debt/net earnings rate will fall below 3), while it will also ...
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Greek bond yields drop again on PEPP boost

Ekathimerini 10 Sep 2021
“If they extend PEPP that is obviously supportive for Greek government bonds in particular. In general we remain bullish on Southern European debt on the back of ECB support.”. Greek and Italian government bonds led a broad rally in eurozone debt on Thursday, with 10-year yields falling seven basis points each.
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International ratings agency praises Greek government for institutional reforms sparking economic growth

Greek City Times 09 Sep 2021
There will be pressure to upgrade the Greek debt if further progress in structural reforms offered visible results in the form of stronger investments and enhanced further medium-term growth prospects,” said Steffen Dyck, vice-president and author of the report.
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Unprecedented Global Debt Crisis: The IMF’s Announcement of $650 Billion in Special Drawing Rights

GlobalResearch 09 Sep 2021
Are the SDRs a debt towards the IMF? ... when a government no longer has sufficient financial resources available in foreign currency to meet its financial commitments outside its borders, including debt service ... He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.
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MEXICO: Supreme Court rules against criminalisation of abortion; imprisoned women likely to be freed

Greek City Times 08 Sep 2021
Massachusetts Greek Orthodox Parish Wipes Out $3.5 Million Dollars of Medical Debt for Needy Families ... Greek tourism minister in U.S ... “Hellenism in Latin America is in good hands,” says Greek PM ... Greek Island of Sifnos is a Dream Destination ... Copyright 2021 Greek City Times.
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Greek composer Mikis Theodorakis: A life of music and resistance

People's World 07 Sep 2021
On Thursday, September 2, renowned Greek composer and political activist Michail “Mikis” Theodorakis died in Athens at 96 of cardiopulmonary arrest ... He scored the highly popular film Zorba the Greek directed by Michael Cacoyiannis in 1964 ... He criticized the Greek government for the loan debt accrued from the International Monetary Fund (IMF).
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ECB could maintain liquidity lifeline

Ekathimerini 27 Aug 2021
The European Central Bank’s presence in the Greek bond market will continue until the end of 2023, regardless of what will be decided about the bank’s emergency bond buying program, the ECB’s chief economist said yesterday ... By early August, the ECB had bought €29.42 billion worth of Greek bonds, or over a third of the country’s debt issues.
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Why the UK government is not facing a debt crisis

New Statesman 20 Aug 2021
Borrowing may have soared but historically low debt interest payments mean there is no need for austerity ... Chancellor Rishi Sunak has warned that increased borrowing will necessitate a new round of austerity, but Britain is not facing a Greek-style debt crisis ... Government debt ...
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Germany prepares to bid farewell to ‘Mutti’ as Angela Merkel’s eyes her political exit

The Independent 20 Aug 2021
... while steering the EU and the continent’s most important country through a series of major crises – from the 2008 global financial crisis to the Greek debt and Eurozone crises to the 2015 refugee crisis and the United Kingdom’s tortuous “Brexit”.

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