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The politics of debt dynamics in Greece
Agoraand budgets of various official creditors. In mid-2014 the official sector, i.e. eurozone member states... Mechanism (ESM) were the key guarantors of Greece’s sovereign debt. This liability exposure of official... an exercise that would almost entirely impact the official sector of Greece’s international
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Fitch downgrades Greek IDRs three notches to CCC, sees damage to recovery
Economyagency underlines that lack of market access, uncertain prospects of timely disbursement from official... cash revenues and provide room for debt service. Even assuming an agreement with the official sector...) An agreement between Greece and its official creditors unlocking delayed programme disbursements
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S&P downgrades Greece, sees economy shrinking by 1.5 pct in 2015
EconomyIn S&P's view, if the stalemate between Greece and official lenders is not resolved before mid-May... payment to an official creditor would not constitute a trigger to lower its rating to ‘selective default... to 173.4 percent in 2018. S&P could further lower its rating if further official disbursements fail
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S&P moves Greece down a notch to CCC, maintains recession forecast
Economythat in the absence of an agreement with its official lenders, Greece will likely default on its commercial... as nominal GDP appear speculative. Even if an agreement with official creditors were to be reached over... infusion. S&P does not consider it likely that there would be any official debt relief or more
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Moody's downgrades Greece's rating by one notch to Caa3
Economydowngrade in April regardless of the referendum outcome. According to Moody’s, without official support... to service its total debt obligations in the next years, it needs to reach a lasting agreement with official... the distance between what official lenders are likely to demand as a condition for further support
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Newsletter 44 - 25/09/2015
, which are in line with the official estimates of the institutions at the time of the signing... for a milder recession in 2015 of between 1.5 and 2 percent, compared to the official forecast of 2.3 percent... shortfall that would arise under the adverse scenario would be covered by financial aid from the official
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Where we stand in the Greek bank recapitalisation process
Economyassumptions of the baseline scenario, which are in line with the official estimates of the institutions... to the official forecast of 2.3 percent. This was communicated by the banks to the investment community... by financial aid from the official sector. However, the key determinant in the forthcoming decisions
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Rating agencies up Greece's scores, adding to positive outlook
Economyof the programme off track. The wider view is that Greece’s official creditors will provide the debt relief... with Greece’s official creditors, reaching and maintaining an average primary surplus of 3.4 percent... by the favourable profile, long maturities and concessional terms by the official creditors. Against
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Lenders still aiming for completion of fourth review in May
EconomyProgrammeon Tuesday, a senior eurozone official said that reaching a staff-level agreement (SLA) in May... insists that much of the preparatory work has been done, while the eurozone official pointed out... to complete them now. It is not yet clear exactly how many this will entail. The eurozone official noted
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No final word on pension cuts as lenders prepare for return to Athens next week
EconomyProgrammeofficial did not rule out the possibility that the measure, which has already been legislated.... The Commission official noted that Greece is within the fiscal targets that have been agreed... on the matter before a final decision is taken, he added. According to the official’s reported
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