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From a tsunami of debt to some sense of normality
AgoraManagement Agency (PDMA) had a provisional goal of issuing a total of just 7 billion euros of new debt... repayments of roughly 2 billion over the next three years. Greek government bonds after the PSI... the total of maturing debt obligations, excluding the T-bills that are rolled over on maturity, at just
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Newsletter 300 - 11/06/2021
sentiment in the Greek sovereign debt market by issuing a total of 11.5 billion euros in the first half... euros, bringing the total size of the issue to 6 billion euros, the largest single security of the Greek... by mid-day with total offers that exceeded 30 billion euros, a 12x oversubscription that is the largest
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Newsletter 308 - 17/09/2021
calling elections in 2021, a year ahead of schedule. The interventions - 24 in total - announced... inflation and appealing to young Greeks. The total fiscal impact of the measures laid out at TIF... surplus in the region of 2 pct of GDP, which assuming the economy will begin approaching 180 billion
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Newsletter 316 - 12/11/2021
of patients in ICUs stood at 556 on Thursday, while the total death toll from the pandemic in Greece... of this year, the turnover of the total enterprises in the economy reached 91.46 billion euros, compared... period, total revenue in the economy was 233.4 billion euros, from 199.78 billion euros in the nine
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2014 draft budget: An ambitious fiscal consolidation targeting a primary surplus of 1.6 pct
EconomyMacroeconomyamount to 16.5 billion and stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program launched before the Greek crisis, in exchange for bank preference shares 2) 1.22... for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted to increase
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With troika OK pending, 2014 budget sees primary surplus at 1.6 pct of GDP
EconomyMacroeconomyand stem from: 1) 5.23 billion issued in 2009 for bank recap, under the Liquidity Support Program launched before the Greek crisis, in exchange for bank preference shares 2) 1.22 billion also issued.... The key drivers for the anticipated improvement in 2014 are: 1) a turnaround of investments, targeted
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After Merkel, Samaras faces immediate challenges on domestic front
PoliticsGreek Politicssoon both on the “prior actions” remaining for Greece to receive its next bailout tranche of 1... that the October budget execution figures meant that Greece would only have to make extra savings of around 1 billion euros next year and not 2 billion or more as the troika had requested. The 2014 budget
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Why did Greece return to bond markets now? Was it the right decision?
Economyilluminate this debate. 1) Why did Greece issue this bond now? The Greek government had been... and European Parliament election in May. 2) Who bought the bond and can we discern anything from... in Greece’s upcoming T-Bill auctions, which are expected to ease to between 1 and 1.5 percent from
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Cost of Greek corporate loans rises in April, remains well above euro average
EconomyMacroeconomy. On the loan front, the most material change was posted in corporate loans above 1 million euros... to 6 percent. The average euro-area rate on corporate loans over 1 million euros stands almost 4... average rates stands at around 2 percentage points for amounts up to 250,000 euros and at circa 3
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BoG shows lower deposit rates and a sharper drop in loan rates in June
EconomyMacroeconomy. That said, the rates in consumer loans with a defined maturity and in corporate loans above 1 million... are now almost 1 percentage point closer to those in the euro area. In particular, the rate for loan amounts below 250,000 euros now stands 2 percentage points above the eurozone average, while
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