Tags
Debt
RSS-
Economy
Greece draws strong interest, attractive yield by re-opening 10-year bond Greece completed on Wednesday the fourth market foray of the year by reopening the 10-year GGB that it had issued in June, after a successful syndication earlier in the summer and a strong performance in the secondary market.
-
PoliticsGreek Politics
Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis The government has unveiled the draft legislation that paves the way for Greece to adopt a new insolvency code and offer debtors a so-called “second chance” – a move that New Democracy hopes will stave off a major social impact resulting from the long economic crisis, as well as the knock-on effect of the more recent coronavirus pandemic.
-
EconomyMacroeconomy
Central government debt increases by 1.04 bln to 362.87 bln in Q2 Greece’s central government debt increased by 1.04 billion euros to 362.87 billion euros quarter-on-quarter (QoQ) in the second quarter (Q2) of 2020, from 361.83 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Wednesday.
-
Economy
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020 Fitch re-affirmed Greece’s credit rating to ‘BB’ on Friday night, maintaining the stable outlook.
-
EconomyMacroeconomy
Overdue social security contributions rise to 36.32 bln in Q1 The stock of unpaid social security contributions (SSCs) increased to 36.32 billion in the first quarter (Q1) of 2020 by 932 million compared to the figure of 35.38 billion euros registered in the fourth quarter (Q4) of 2019, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
-
EconomyMacroeconomy
New tax debt at 2.21 bln to Mar, up by 545 mln month-on-month The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.
-
Society
Majority of Greeks report financial hardship due to Covid-19 A special white paper by Intrum examining the impact of the coronavirus pandemic on households has found that Greeks are coming under increasing financial pressure as a result of the lockdown.
-
Economy
ECB boost for Greek debt as authorities ponder new market foray Greece was buoyed by the European Central Bank on Thursday, following its announcement that the emergency pandemic purchase programme (PEPP) will be extended beyond the end of 2020.
-
EconomyMacroeconomy
Central government debt increases by 5.81 bln to 361.83 bln in Q1 Greece’s central government debt increased by 5.81 billion euros to 361.83 billion euros quarter-on-quarter (QoQ) in the first quarter (Q1) of 2020, from 356.01 billion euros in the previous quarter, the Finance Ministry's (MoF) debt bulletin showed on Tuesday.
-
Economy
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021 The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”