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Public debt records back-to-back quarterly drops, falling to 393.49 bln in Q3
EconomyMacroeconomyGreece’s central government debt recorded a small drop of roughly 700 million euros in the third quarter of the year to 393.49 billion euros, after falling by 365 million to 394.18 billion euros in the second quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
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Re-opening of benchmark bond fetches 200 mln at steep yield of 4.44 pct
EconomyThe moderate movements of Greece’s debt managers to navigate through the sovereign debt turbulence continued on Monday with the re-opening of the 10-year benchmark that was initially issued in January.
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EC cuts 2023 growth forecast by more than half to 1 pct
EconomyMacroeconomyIn the European Commission’s autumn economic forecasts just released, Brussels confirmed a solid year of growth for Greece in 2022 and a significant downward revision of next year’s estimate.
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In another cautious move, PDMA fetches 975 mln for 5 yrs at variable rate
EconomyMacroeconomyThe cautious steps, which the Public Debt Management Agency (PDMA) has been taking since the summer as it attempts to navigate through a higher rates environment that have pushed up the entire yield curve, continued on Tuesday via the re-opening of a 5-year issuance.
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IMF sees solid primary surplus from 2023, debt falling to below 150 pct of GDP by 2027
EconomyMacroeconomyThe International Monetary Fund has mapped out what it believes Greece’s fiscal path will look like in the Fiscal Monitor that was released as part of the meetings with the World Bank currently being held in Washington
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Draft 2023 budget sees growth cooling to 2.1 pct, primary surplus at 0.7 pct
EconomyMacroeconomyThe Finance Ministry tabled in Parliament on Monday the draft budget for 2023, in which Greece is seen growing by 2.1 pct in 2023 and securing a primary surplus of 0.7 pct of GDP, marginally below the stated commitments.
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Yields rise, but Greek debt still partly shielded from market headwinds
EconomyIn a global environment of rising sovereign bond yields as key central banks fight inflation with aggressive policy tightening, Greece is facing challenges not because it is a special case, but because the landscape appears to have shifted for the medium-term.
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Public debt records first marginal drop, to 394 bln, in Q2 as IMF repaid and bond activity limited
EconomyMacroeconomyGreece’s central government debt recorded a small drop of roughly 365 million euros in the second quarter of the year to 394.18 billion euros, after an increase of more than 6 billion euros in the first quarter, the Finance Ministry's (MoF) debt bulletin showed on Friday.
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Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
EconomyProgrammeGreece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.
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Reopening of 10-year bond issued in Jan sees yield double to 3.67 pct
EconomyGreece’s debt managers continue to take cautious steps in the sovereign bond market after having to readjust their borrowing strategy following the uncertainty caused by the Ukraine conflict and the turbulence in the markets, which pushed the 10-year benchmark yield to 4.8 pct at the end of last month.