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Debt
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First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Greece stepped into the international markets on Wednesday with an inaugural 10-year benchmark, rolling out its 12-billion-euro debt strategy of 2022.
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Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
Fitch got the schedule of rating reviews in the new year underway with an upgrade of Greece’s outlook to positive from stable, while it reaffirmed the rating at ‘BB’.
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PDMA's debt strategy for 2022 includes green bond in 12 bln haul
Greece’s debt managers (PDMA) published last week the debt strategy for next year, which will include an inaugural green bond in the second half of 2022.
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PBO outlines positives from 2021, warns about uncertainty in 2022
The Parliamentary Budget Office (PBO) published its last report for 2021, in which it outlines the favourable macro and fiscal conditions evident during the first nine months of the year.
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High participation in bond swap provides end of year boost
The Public Debt Management Agency (PDMA) announced on Tuesday the preliminary results of the bond swap offer that it announced last week, giving Greece’s debt managers one more confidence boost this year.
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Greek bond yields edge up as PEPP winds down
The Greek authorities, as well as the markets, had hoped that Greece will continue to enjoy some sort of support from the ECB once the current asset purchase programme, PEPP, concludes in March next year but this looks unlikely.
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Greece takes next steps, including bond swap, to enhance debt profile over coming years
This week started with two developments that intend to further smooth out Greece’s debt obligations in the coming years.
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Budget primary deficit to Oct confirmed at 7.18 bln, improving from 9.07 bln last year
The budget primary balance landed at a deficit of 7.18 billion euros up to October 2021, compared with a deficit of 9.07 billion in the same period last year, the final Finance Ministry (MoF) budget execution data showed on Monday.
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Latest EC review clears path towards end of enhanced surveillance process in 2022
The European Commission published on Wednesday the latest report as part of Greece’s enhanced surveillance, moving the country one step closer to the completion of the post-programme framework.
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Amidst Covid and inflation uncertainty, 2022 budget looks forward to solid growth
Amidst growing concerns about the impact of the latest pandemic wave and ongoing pressures on the inflation front, led by energy prices, the Finance Ministry tabled a revised final budget for 2022 in which most macro variables and assumptions are improved compared to the draft tabled at the start of October.