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The pros and cons of high inflation

By Tasos Dasopoulos The persistently high inflation that we have been experiencing for about a year, reaching 11.6% in July, has significantly reduced the purchasing power of our incomes and is squeezing GDP due to the increased...

Ukraine secured a two-year debt moratorium

Ukraine has secured from its creditors a two-year moratorium on its foreign debt, valued at $20 billion, Prime Minister Denis Schmihal announced, as the Russian offensive on the country continues. "Investors in Ukraine's foreign debt accepted the...

ING: How likely is a new debt crisis? In the ‘danger zone’ Spain, France, Belgium, Italy and Greece

Her Eleftherias Kourtalis A decade after the last eurozone crisis, fears of another crisis have intensified again, notes ING, with Spain, France, Belgium, Italy and Greece in the "danger zone". After the great shock of the...

Moody’s: Belarus is in a state of bankruptcy regarding the payment of foreign debt

The international rating agency Moody's has announced that Belarus has defaulted on foreign debt. This is stated on the website of the house. On July 13, the grace period during which Belarus had to pay the...

Germany may breach the ‘debt brake’ again if Putin cuts off natural gas

Germany is set to abandon its plan to return to strict borrowing limits next year if Russia permanently halts gas deliveries to Europe's biggest economy, according to Bloomberg, citing people with knowledge of the matter. While Finance...

Because the Ministry of Finance is not afraid of a new debt crisis

Of Tasos Dasopoulos The relatively recent experience of the multi-year economic crisis has led many - experts and non-experts alike - to compare the current situation, with high inflation, forthcoming ECB interest rate hikes and war uncertainty...