Latest News for: Greek debt


EU leaders play down bank risks as economy weakens

The Paducah Sun 25 Mar 2023
Prime Minister Kyriakos Mitsotakis of Greece, the country that triggered the euro-area debt troubles more than a decade ago, drew a link between the current state of Greek banks and that of European financial institutions as a whole ... “I’m absolutely confident about the stability and the robustness of the Greek banks.”.

With Grexit averted, Greek debt is outperforming other nations

Taipei Times 24 Mar 2023
Benchmark Greek debt had already rallied from the April 2012 low of $US0.25 on the euro and by March 2015 traded at a 194 percent premium to the century’s worst valuation, reflecting public opinion polls showing no desire for a return to drachmas ... Anyone who bought Greek debt in 2013 has an unapproachable 214 percent return for a developed economy.

ALEX BRUMMER: Bank of England should have held back on any more rate hikes... or ...

The Daily Mail 23 Mar 2023
Central banks across the globe were off the pace when it came to recognising that the inflationary genie was out of the bottle in 2021. They are repeating the mistake ... The eurozone has never resolved its underlying sovereign debt crisis or come to grips with the fact that some Italian and Greek banks are still being propped up by the central bank ... .

How much longer will America’s regional banks hold up?

Economist 23 Mar 2023
What kind of story is unfolding in the banking system? At first glance it would appear to be a tragic drama. In the past fortnight, four banks have met their end ... \nBut look again and perhaps it is a science-fiction tale ... And they held fixed-rate assets ... “They bet the entire house on Greek debt even when Greece was actually blowing up ... .

Greek PM calls General Election for May amid bitter fallout after train crash killed 57 ...

The Daily Mail 21 Mar 2023
Greek Prime Minister Kyriakos Mitsotakis visits the site of a crash, where two trains collided, near the city of Larissa, Greece, 1 March, 2023 ... His liberal-conservative party, New Democracy, was in opposition during the first phase of the Greek government debt crisis, 2009-11, in the aftermath of the 2008 global financial crisis.

The dark side of insuring all bank deposits: zombie banks

Market Watch 21 Mar 2023
Read. Unlimited deposit insurance ... The poster child for zombie banks, he said, is the Bank of Cyprus, “which bet all of its capital on Greek debt, even when Greece was actually blowing up.” The collapse of the bank led to a bailout of Cyprus itself by international creditors including the European Central Bank in 2013 ... Advertisement. Advertisement ... .

Bank woes not likely to menace ship lending, but roiling capital markets

Tradewinds 20 Mar 2023
While the upheaval already has claimed two US regional banks and Swiss lender Credit Suisse, the biggest lender to Greek shipping, a panel of debt providers at Capital ...

Greek banking system can absorb turbulence in the international markets, assures finance minister

Greek City Times 19 Mar 2023
Speaking in Parliament, Staikouras said that Greek banks have restructured their balance sheets with the use of the "Hercules" programme, whose guarantees will burden the public debt, and presently have single-digit non-performing loans rates ... banking, Christos Staikouras, Greek banking, Silicon Valley Banking, Staikouras, SVB ... GREEK ECONOMY.

"Serious safety faults in rail network," says Greek watchdog

Greek City Times 18 Mar 2023
OSE was mismanaged for decades and successive Greek governments were investigated by the EU for hundreds of millions of euros in illegal state aid to the company. Greece was ultimately forced to break up the company during the bailout cuts that accompanied the country's decade-long debt crisis ... Copyright Greek city times 2023 All Rights Reserved.

Moody’s upgrades Greek outlook to ‘Positive’

Ekathimerini 18 Mar 2023
It estimated that the Greek economy will record growth of 1.8% in 2023 and 2024, while noting that public debt will reach 162% of gross domestic product in 2023 and will fall below 150% of GDP by 2026 ...

Greek watchdog faults poor training for train tragedy

Dawn 18 Mar 2023
OSE was mismanaged for decades and successive Greek governments were investigated by the EU for hundreds of millions of euros in illegal state aid to the company. Greece was ultimately forced to break up the company during the bailout cuts that accompanied the country’s decade-long debt crisis.

Greek statistician Andreas Georgiou, the Galileo Galilei of statistics, is vindicated

Independent online (SA) 17 Mar 2023
In Greek law, a simple slander charge means being charged by speaking truthfully about the wrongdoings of an individual ... In his line of duty as the chief statistician of Greece, Georgiou established that his predecessors were cooking the statistics of government debt and related indices.

New York Times-Kathimerini partnership turns 25

Ekathimerini 15 Mar 2023
During those 25 years, Kathimerini English Edition has had to cover many landmark events including Greece’s adoption of the single currency, the Athens Olympic Games, the debt crisis, the Indignant Citizens movement, the fatigue with the Greek debt crisis, and the 2015 bailout referendum.

A Georgia O’Keeffe Painting and the Battle for the Soul of a Liberal Arts College

The New Republic 15 Mar 2023
Its sky-high tuition of $45,000 per year, around quadruple the in-state tuition for public universities like Indiana Bloomington and Purdue, has weakened its appeal to students concerned about graduating with massive amounts of debt.

Financial Crisis | In an interconnected system, scale of exposure is secondaryGiven the financialisation of ...

Deccan Herald 14 Mar 2023
A similar history played out during the Greek sovereign debt crisis in 2010 ... The share of Greek debt in overall debt held by Euro-area countries was 4 percent. However, just like the subprime crisis, the Greek debt was held across financial institutions.

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