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Debt
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EconomyMacroeconomy
General govt balance deteriorates due to deficits of state and social security funds Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.
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Economy
Strong response to dual bond transaction takes 2021 debt issuance to 14 bln Greece’s debt manager successfully completed the fifth syndicated transaction of the year through a dual transaction of the re-opening of the existing 5-year bond due February 2026 and the 30-year that was maturing in January 2052.
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EconomyMacroeconomy
Central government debt increases 6.53 bln to 387.3 bln in Q2 Greece’s central government debt increased by 6.53 billion euros to 387.3 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2021, from 380.8 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Thursday.
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EconomyMacroeconomy
Budget primary deficit reaches 9.09 bln for H1, up almost 3 bln on 2020 The budget primary balance was confirmed at a deficit of 9.09 billion euros in the first half of 2021, compared with a deficit of 6.1 billion in the same period of 2020, according to the final Finance Ministry (MoF) budget execution bulletin for June released on Monday.
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PoliticsGreek Politics
Growing Covid threat foils government's attempt to look ahead The government’s efforts to look ahead to the second half of its four-year term and the recovery from the pandemic appear to be losing traction by the day as the coronavirus becomes an ever more dominant part of the daily political agenda in Greece.
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Economy
Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility As anticipated, Fitch kept its credit rating for Greece steady at ‘BB’ with a stable outlook.
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EconomyMacroeconomy
MTFS forecasts growth of up to 6.2 pct in swift economic recovery from Covid The Finance Ministry submitted to Parliament the latest Medium-Term Fiscal Strategy (MTFS) for the 2022-2025 period, during which a strong economic and fiscal recovery is anticipated following the damage inflicted by the pandemic.
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Economy
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond Greece completed its fourth market foray of the year by re-opening this week the 10-year bond that was issued on January 28.
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Economy
IMF raises outlook on Greek debt sustainability to merely 'uncertain' The International Monetary Fund completed the latest round of discussions with the Greek authorities, in the context of the Article IV consultations, and the staff remarks were released on Wednesday.
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EconomyProgramme
Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy The Greek authorities overcame one more hurdle in the post-programme surveillance process as the European Commission released on Wednesday the tenth report since the final programme was completed in the summer of 2018.