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Economy
Yields rise, but Greek debt still partly shielded from market headwinds In 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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PoliticsGreek Politics
Govt weighs up impact of Ukraine war on recovery, waits for decisions at EU level As well as making a landmark foreign policy move over the weekend by deciding to supply Ukraine with arms following the Russian invasion, the Greek government has been mulling the economic impact of the war.
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Economy
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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Economy
S&P holds off on new rating upgrade, ECB holds key to investment grade Although the rating review by S&P scheduled for last Friday had created some anticipation that a further credit rating upgrade could be on the cards, the rating agency did not publish a review, closing the year with a ‘BB’ grade and positive outlook.
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EconomyMacroeconomy Debt strategy for 2022 set to continue along this year's steady path, assisted by PEPP Following two years during which the pandemic forced the Greek authorities to provide extensive support packages that pushed up the debt both in nominal terms and as a percentage of GDP, the draft 2022 budget anticipates the debt-to-GDP ratio resuming a downward path.
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EconomyBanking
ECB clears banks after stress tests, approves change to DTCs as momentum builds The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
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EconomyBanking
All eyes on Piraeus as share price tumbles amid coupon payment concerns The banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.
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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.
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Economy Amid Eurogroup stalemate, Athens focusses on extra liquidity available after ECB move Tuesday’s Eurogroup teleconference ended in disagreement and is set to be repeated on Thursday, although Greece did secure a boost from the European Central Bank, which decided to allow Greek sovereign bonds to be used as collateral by local banks.
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PoliticsGreek Politics
More restrictions on way as Athens revels in ECB decision Prime Minister Kyriakos Mitsotakis was due on Thursday afternoon to give his third public address in two weeks in connection to the coronavirus.