Latest News for: Greek debt

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Greece concludes post-crisis bank privatizations with 10% stake sale in National Bank

Ekathimerini 03 Oct 2024
The sale raised 690 million euros ($760.93 million), which will be used to help Greece reduce its pile of public debt, the eurozone’s biggest as a percentage of economic output. The Greek ...
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Greece to sell 10% stake in National Bank of Greece, targeting up to €727 million

Invezz 30 Sep 2024
This marks a significant step in the country’s banking sector reform, with the Greek government having fully exited other major lenders such as Eurobank Ergasias Services and Holdings, Alpha Bank, and Piraeus Bank in recent months.
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Fulcrum of Europe is starting to look less stable

The Times/The Sunday Times 27 Sep 2024
In further ignominy for the eurozone’s second largest economy, the yields on its five-year bonds are 2.56 per cent, higher than the 2.38 per cent on equivalent Greek debt, a feat that until now hadn’t ...
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What would the Romans have made of Keir Starmer’s freebies?

The Spectator 26 Sep 2024
after all, what are friends for? (Julius Caesar racked up gigantic debts.) Greeks agreed that gifts from rich to poor strengthened communal bonds and thought statesmen could serve their own interests ...
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Bank deposits turned into bonds, shares

Ekathimerini 25 Sep 2024
However, Allianz noted that Greek savers reacted robustly to these interest rates withdrawing €2.2 billion from bank deposits and channeling them into debt and equity securities (€7.6 billion) with bonds being the biggest winners.
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Greece’s Public Sector Debts Surge to €3.2 Billion, Raising Concerns Over Growing Arrears

Greek City Times 20 Sep 2024
The surge includes delayed tax refunds and outstanding debts to suppliers, contradicting the Greek government’s agreement with international institutions to reduce such arrears.
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Greece to Acquire Switchblade Drones from the U.S. to Enhance Defence Capabilities

Greek City Times 18 Sep 2024
The planned acquisition comes as the country continues to recover from a decade-long debt crisis. The Greek government has outlined a comprehensive 10-year purchasing plan, which also includes acquiring up to 40 F-35 fighter jets from the U.S.
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The schools of the diaspora

Ekathimerini 18 Sep 2024
The new diaspora created after the debt crisis has increased their importance.
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Hellenic Bank stake adds to Eurobank’s positive outlook, says Moody’s

CyprusMail 17 Sep 2024
This acquisition comes as Moody’s revised Eurobank’s outlook from stable to positive for its Baa2 rating on unsecured debt and long-term deposits ... for long-term deposits and unsecured debt ratings.
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Moody’s Raises Greece Outlook To Positive, But Still Non-Investment Grade

Greek Reporter 14 Sep 2024
Greek Finance ... “It also points out that higher primary surpluses – possibly coupled with stronger real and nominal GDP growth – will in turn support faster debt reduction.”.
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Greek economy gains momentum as credit ratings improve

Xinhua 09 Sep 2024
8 (Xinhua) -- Greek officials and financial experts have hailed the recent upgrades of both the country's credit rating and that of its major banks, viewing it as another positive sign of the nation's economic recovery.
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Roundup: Greek economy gains momentum as credit ratings improve

Xinhua 07 Sep 2024
7 (Xinhua) -- Greek officials and financial experts have hailed the recent upgrades of both the country's credit rating and that of its major banks, viewing it as another positive sign of the nation's economic recovery.
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Fitch Ratings Upgrades Greece’s Four Systemic Banks

Greek Reporter 05 Sep 2024
The main drivers for the upgrade, according to Fitch’s announcement, were the favorable dynamics of the Greek debt, the commitment to fiscal adjustment, resilient growth, policy continuity, and the improvement of the banking system.
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Greece to wrap up post-crisis bank privatizations with October stake sale

Ekathimerini 04 Sep 2024
The planned sale marks a rebound for the Greek banking sector, which was bailed out during a debt crisis in which Greece nearly dropped out of the eurozone and international lenders imposed strict austerity measures in return for loans.
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The 50th anniversary of PASOK and the timing

Ekathimerini 03 Sep 2024
The socialist PASOK party celebrates 50 years since its foundation today and, having escaped the existential danger it faced about a decade ago during the Greek debt crisis, it is breathlessly heading ...

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AP / Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP, File
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