Latest News for: Greek debt

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28.9 pct of Greece's population at risk of poverty in 2020: statistics

Sina 22 Jun 2021
In 2009, when the Greek debt crisis started, the respective figure was 27.6 percent ... dollars) in Greece, up 6.5 percent year-on-year ... dollar) Enditem. .
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The only way is up for Greek investment

The National 21 Jun 2021
Even as the Greek government scrambles to repay its debts and the economy shows little sign of improving, behind the scenes investors continue to eye the country with interest ... However, if you look at the balance sheets of a number of financial institutions in Greece, you will see that only a small part of their assets are in Greek government debt.
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Massachusetts Greek Orthodox Parish Wipes Out $3.5 Million Dollars of Medical Debt for Needy Families

Greek City Times 19 Jun 2021
Constantine and Helen Greek Orthodox Church in Webster, Massachusetts, more than $3.5 million of medical debt was wiped out for a number of local families ... RIP Medical Debt, founded in 2014, uses donations to buy large portfolios of medical debt at a fraction of its value, then forgives a significant portion of the debt.
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Markets believe that bankruptcy has been abolished – that’s not a good thing

Moneyweek 18 Jun 2021
And it’s where I think the Greek/German government debt example is quite pertinent. Before the eurozone crisis, investors made little distinction between Greek and German debt. You bought Greek debt because it yielded a tiny bit more for what you assumed was effectively the same credit risk.
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Greece Reduces VAT by 30% on Five Islands Hosting Migrants and Refugees

The National Herald 18 Jun 2021
Peloni also noted the positive evaluation of Greece's 10th Enhanced Surveillance Report at the Eurogroup meeting on Thursday and the decision to disburse the fifth tranche of Greek debt relief measures, amounting to 748 million euros ... members of the Greek community in Cairo.
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Peloni: "Greece 2.0" Includes 175 Critical Investments, Projects and Reforms

The National Herald 18 Jun 2021
Peloni also noted the positive evaluation of Greece's 10th Enhanced Surveillance Report at the Eurogroup meeting on Thursday and the decision to disburse the fifth tranche of Greek debt relief measures, amounting to 748 million euros.
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Warning on bank stability

Ekathimerini 18 Jun 2021
Given that banks’ share of Greek state debt is still high and the prices of bonds remain high too, ”a sudden adjustment of their rates due to an unforeseeable deterioration of macroeconomic data and the tightening of funding conditions could lead to an increase in fluctuation and a reduction in market liquidity,” the BoG noted.
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Investor Confidence Grows: Five-year Greek bond yield falls below zero

Greek City Times 15 Jun 2021
Greece’s five-year bond yield fell below zero for the first time on Monday after the European Central Bank’s decision to maintain the pace of its asset purchase programme spurred a rally in riskier eurozone debt ... Investors are unlikely to bet against Greek or Italian debt as markets head into a potential summer lull, according McGuire.
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Contemporary art exhibition ‘Portals | Πύλη’ at the former Public Tobacco Factory in Athens

Greek City Times 10 Jun 2021
The Greek Parliament proves that it does not only represent the people, but in a way it pioneers towards its debt to this people and shows them the way, that through the spirit, through art, through the search, through reflection, the new beginning that calls us can be fruitful and creative,” he added.
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Fresh debt market foray on Wednesday

Ekathimerini 09 Jun 2021
Certainly the PDMA is riding the wave of strong support from the European Central Bank, which continues to buy more bonds than the country issues, as it has acquired Greek debt of €25.7 billion in the last 15 months against €18.5 billion that Greece has issued in bonds.
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MDR and the City: Greek and Mediterranean Products Showcase in NYC

Olean Times Herald 08 Jun 2021
The event, preceded by virtual seminars and training on June 9, will be the first post-pandemic in-person gathering for important buyers, distributors and importers converging in New York City on June 10-11, 2021 to scout and celebrate Greek and Mediterranean cuisine.
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OPINION: “Our common enemies will be happy to see Greece and Serbia split over Kosovo”

Greek City Times 07 Jun 2021
The Greeks then reminded of all the inconsistencies of Belgrade towards the Macedonian issue and its siding with Skopje ... According to the model – if you make such a concession, you will get more favorable conditions for austerity measures and debt repayment ... Greeks and Serbs ...
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The ECB has bigger problems than inflation

Business Day 07 Jun 2021
Break out the ticker tape — it’s happened at last ... What should the ECB do next? Precisely nothing ... There was little reaction from policymakers then and the same approach is appropriate now.  ... Two-year government bond yields across Europe are still heavily negative with even Greek and Italian debt offering a less than -0.3% return.
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Bad habits

Ekathimerini 06 Jun 2021
Greece’s debt is still at extremely high levels ... The Greek state cannot afford to ...

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