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Covid spike forces change in govt plans, eclipsing deal with banks for rollout of RRF loans
PoliticsGreek Politicsthat were due to come into force on January 3. The announcement of 21,657 cases led and a positivity... to 12.7 billion euros. Bank credit tied to it is seen at 12.7 billion euros, including 5 billion euros
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Govt eyes own energy package if EU fails to approve joint action
PoliticsGreek Politicsby the government so far are not sufficient. This has led to New Democracy’s lead over SYRIZA being... “national” goals of achieving a credit rating upgrade, reaching an agreement with the EU on realistic
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S&P moves Greece closer to investment grade, puts focus on budget and growth
EconomyS&P on Friday night upgraded Greece’s credit rating by one notch to ‘BB+’, while the outlook was revised from positive to stable. Greece is now just one notch away from securing an investment grade... to the high NPE ratio. Despite the setbacks on the fiscal front due to the pandemic, which led to two years
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Mitsotakis insists on no early elections, accusing opposition of sowing division
PoliticsGreek Politicsminister’s reasoning has led to further speculation about his true intent. Many commentators view... of the PM’s address certainly had the character of a campaign speech. Mitsotakis took credit
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Record FDI flow into Greece raises bar, but is it sustainable?
EconomyFeaturesof credit servicers, property management companies and funds dealing in real estate attached.... There have also been a number of private investment deals, led by the acquisition of 49 percent
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Inaugural 2023 bond attracts strong demand and steep interest
EconomyMacroeconomyand an oversubscription of 6.2 times. Greece led the participation, with 22 pct, while 78 pct came... expected to adjust its next moves in line with the credit rating review schedule, which kicks off
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Newsletter 368 - 03/02/2023
, in the first rating review of the year, upped Greece’s credit rating by one notch to ‘BB+’. Greece... the level of February 2022, when it was at 114. The improvement in sentiment in January was led by rises
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S&P only ups outlook, waits for political clarity before rating move
Economy, which has also led to solid credit expansion with the RRF also being a contributing factor. The role
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Return to investment grade overshadowed by flood destruction
EconomyThe Greek authorities and particularly the government must have had different plans in response to Friday’s move by DBRS to upgrade Greece’s credit rating to investment grade, a rating that it lost 13 years ago as the debt crisis was unfolding and led to three successive adjustment programmes
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Newsletter 393 - 15/09/2023
to the organisational shortfalls that Storm Daniel, and the wildfires earlier this summer, exposed. This has led... acknowledges that its policy transmission is working because demand is dampened, credit conditions are getting
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