Latest News for: Greek debt


Pressure on fiscal policy plan

Ekathimerini 03 Dec 2022
the Greek taxpayer ... On Monday, the Eurogroup is expected to green-light a total of 6 billion euros of debt relief. In particular, €620 million of the last installment of the return of profits from the Greek bonds held bye European central banks (SMPs and ANFAs) will be disbursed ...

Germany’s Decline & Fall

Armstrong Economics 27 Nov 2022
Once again, the Berlin Senate will discuss the issue of Bürgergeld (citizen’s allowance), which is to replace the current social benefit program Hartz IV ... He insisted that there would be no consolidation of debt for that would be seen as a bailout for the irresponsible Greek, Italian, and Spanish governments ... ....

Post-Program Surveillance Report on Greece a ‘milestone’

Ekathimerini 24 Nov 2022
... of the eighth and final installment from the profits of the European central banks from buying Greek bonds.

Greek Finance Ministry Lowers GDP Growth Forecast in Revised 2023 Draft Budget

Urdu Point 21 Nov 2022
The Greek Finance Ministry submitted to parliament on Monday a revised draft budget for 2023, in which the forecast for GDP growth was reduced from 2.1% to 1.8% ... The Primary surplus before payments on public debt is projected at 1 ... Greek public debt is estimated to amount to 355 billion euros by the end of this year, or 168.9% of GDP.

Greece's top diplomat calls off Tripoli visit on touchdown

News & Record 17 Nov 2022
BENGHAZI, Libya (AP) — Greece's foreign minister called off the first leg of a visit to Libya on Thursday, refusing to disembark from his plane after landing in the capital of Tripoli, Greek authorities said ... Welcome to a Greensboro market that helps fill heads and hearts Unexpected elder care costs place heavy burden of debt on local seniors.

ANALYSIS - Greek defense spending: Costs and beneficiaries

Anadolu Agency 15 Nov 2022
In the meantime, public debt surged from 180.7% of GDP in 2019 to 206.3% in 2020 (the highest in the European Union). Greek Finance Minister Christos Staikouras recently announced that payments for defense system acquisitions rose from €515 million in 2020 to nearly €2.5 billion in 2021 and will rise further to €3.4 billion in 2022.

Greece successfully raised 200 million euros from market

Greek City Times 14 Nov 2022
Greece's Public Debt Management Agency made the announcement last Friday that it intended to proceed with an extraordinary auction for the reopening of a 10-year Greek Government Bond with a fixed interest rate of 1.75 % maturing on June 18, 2032, in book entry form ... bonds, greece, Greek news, public debt.

Feature: Greek bakers, confectioners struggling to make ends meet amidst energy crisis

Xinhua 09 Nov 2022
He said that Greek bakers and confectioners are struggling to make ends meet ... During the Greek debt crisis (2010-2018), incomes in Greece shrank on average by 25 percent, according to official data ... Some 10 billion euros have been provided by the Greek government this year to support households and businesses, according to the Finance Ministry.

Greek economy is growing at a higher rate than the European average

Greek City Times 07 Nov 2022
"Especially for the Greek economy, the European commissioner does not fail to emphasise that although the risks are now common to all member states, in Greece the debt is high and it has not yet recovered the investment grade ... I am sure that the Greek government is determined to achieve these goals as they are very demanding," he said.

Feature: Inflation taking ever bigger bite out of Greek retirees' pension income

People Daily 05 Nov 2022
ATHENS, Nov. 4 (Xinhua) -- Pensioners in Greece are struggling to make ends meet as galloping inflation and high energy prices take a toll on household budgets. After they lost an average of 25 percent of their income during the Greek debt crisis-related bailouts (2010-2018), the recent jumps in food and heating costs take their anxiety up a notch ... .

The stock market could fall 29% if a drop in corporate earnings comes alongside a ...

Business Insider 04 Nov 2022
"It takes a lot of bad news to push S&P 500 multiples down to 15x, but this has happened 3 times in the last decade," Colas said, pointing to the Greek debt crisis in 2012, the Fed tightening tantrum in the fourth quarter of 2018, and the early stages of the pandemic crisis that saw the market hit lows in March 2020 ... ....

2011: Goerge Papandreou

Napa Valley Register 31 Oct 2022
In 2016, Europe’s days-old plan to solve its ...

The history of Ioannis Metaxas (Prime Minister of Greece 1871-1941) and the Greek OXI

Greek City Times 29 Oct 2022
... for publishing school books.Built 1739 new schools and hired 3288 teachers.Developed tourism in Greece and organized promotion of the country.Cancelled the Greek national debt.Implemented the Price Control Code, by which he could control the prices of all products in the country.

Opinion: Where have all the English majors gone?

The Virginian-Pilot 29 Oct 2022
Academic fields such as anthropology, sociology and philosophy are also shrinking ... I admit I found it disturbing ... Students often come out of school burdened with debt and anxious about their financial futures, and they’ve all heard stories about Uber drivers who know Greek and Latin and baristas with Ph.Ds in sociology ... Viewpoints. Weekly ... > ... .

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