Covid recession bumped pension spending to 18 pct of GDP in 2020
Greece draws another 3 bln from bond markets as debt strategy continues at pace
S&P upgrades Greece to 'BB' with positive outlook in expectation of post-pandemic upside
BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Greek 30-year bond attracts strong demand at attractive yield
Greece ponders how to deal with rising unpaid private debt, which hit 88 pct of GDP
Unpaid private debt in Greece is estimated to have reached around 160 billion euros, which corresponds to 88 percent of GDP, but was largely ignored until the last few days, when it became a key issue in the discussion between the government and the troika.
Apart from the outstanding amount, the dynamic, which clearly shows a steady upward trend, is also a worrying factor.
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