Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
ECB boost for Greek debt as authorities ponder new market foray
Eurozone periphery condemned to low wages, demand, EC study suggests
A research paper by an economist at the European Commission’s Directorate General for Economic and Financial Affairs (DG ECFIN), which was initially published online this week by accident, withdrawn and then released again the next day, provided more fuel for the austerity debate in the euro area. The findings of the paper, which were first noted by Kathimerini's Brussels correspondent Nikos Chrysoloras, go against the Commission's policy recommendations during the crisis. These include fiscal consolidations that put more emphasis on the expenditure side.
The paper also casts doubt on the decisions taken by core euro area countries, particularly Germany, which has been setting the tone for the overall eurozone policy process since Greece ignited the broader euro crisis back in 2010. The paper concludes t...
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