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PoliticsGreek Politics
SYRIZA targets middle class with own plan for post-pandemic economic rebound In an apparent bid to win over Greece’s middle class, which was still reeling from the last economic crisis when the pandemic hit, SYRIZA has presented a range of relief proposals, including debt writedowns.
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EconomyMacroeconomy
IMF expects modest recovery, lingering debt but primary surplus to return swiftly Within the context of its Spring meetings, the IMF updated its macroeconomic and fiscal estimates for Greece in the World Economic Outlook and the Fiscal Monitor publications.
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EconomyMacroeconomy
PBO sees just 2.7% growth this year, warns about private debt Parliament’s Budget Office (PBO) published on Tuesday its report for the fourth quarter of 2020, also updating its macro estimates for 2021.
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Economy
Greek 30-year bond attracts strong demand at attractive yield Leveraging the positive sentiment following the ECB announcement last week that it would pick up the pace on bond purchases, thereby settling the latest sovereign bond markets jitters, Greece issued an ultra-long 30-year benchmark, its longest issue since January 2007.
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Economy
Fitch keeps Greece at 'BB' rating as risks remain on horizon As was broadly expected, on Friday night Fitch kept Greece’s credit rating and outlook unchanged, at ‘BB’ and stable.
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Economy
PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021 Greece’s Public Debt Management Agency (PDMA) has issued its debt strategy for 2021, in which it outlines the significant achievements on the debt front during a tumultuous 2020 and its plan for new debt issuances in the next year.
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Economy
BoG insists on need for bad bank, sees EU funds boosting recovery from 2021 The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
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EconomyMacroeconomy
Overdue social security contributions rise to 37.4 bln in Q3 The stock of unpaid social security contributions (SSCs) increased to 37.40 billion in the third quarter (Q3) of 2020, rising by 393 million compared to the figure of 37 billion euros registered in the second quarter (Q2) of 2020, the Centre for the Collection of Social Security Arrears (KEAO) revealed.
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EconomyMacroeconomy Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term The International Monetary Fund (IMF) issued this week the latest post-programme monitoring report, the second since the summer of 2018, when the last programme ended.
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EconomyProgramme
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability The report for the eighth post-programme review published last week included an update of the debt sustainability analysis (DSA) for Greece, the first revision since the one conducted in the context of the fifth review at the start of the year, before the pandemic struck.