By Leonidas Stergiou Since 2010, when law 3869/2010 was passed, also known as the “Katseli” law, for the protection of indebted households, there have been many legislative interventions, aimed at extending protection and improving procedures, but without success. The extended period of protection and the accumulation of pending cases for a period of 10 years […]
Tag: Debt
Germany: New debt of 200 billion euros for 2022 decided by the government
The cabinet decided today to take on a new debt of 200 billion euros under the 2022 budget. The decision includes, among other things, the modernization program of the German armed forces, tax relief and child allowance. According to the German News Agency (dpa), the government has decided to create a special fund of 100 […]
Commission: Suspension of the debt rule in 2023
By Tasos Dasopoulos The suspension of the debt rule for 2023 is the first change envisaged in the preliminary guidelines of the European Commission for 2023, once again postponing the discussion on the changes in the fiscal rules for October. Both Vice-President of the Commission Valdis Dobrovskis and Commissioner for Economic Affairs Paolo Gentiloni spoke […]
Reuters: The Eurozone is considering a slower debt reduction
The countries of the European Union agreed today that they need to amend the EU regulations. to allow debt reduction at a slower pace and reach a common fiscal framework that will be truly respected, Reuters quoted senior eurozone officials as saying. EU fiscal regulations – the Stability and Growth Pact – are designed to […]
Germany borrowed almost $ 25 billion less than planned last year
Germany borrowed less money from markets last year than originally planned, with the federal government lowering its 240 billion-euro debt ceiling by 24.8 billion euros, Finance Minister Christian Lindner said on Friday. , according to Reuters. “So we do what is necessary, but we do not exhaust what is possible,” Lindner told members of parliament. […]
China: External Debt Increases by $ 16.7 Billion – At $ 2.7 Trillion in total
China’s external debt increased by $ 16.7 billion in the third quarter of 2021, partly due to increased bond purchases in yuan by foreign investors, according to Bloomberg. About 47% of China’s outstanding debt of 2.7 trillion. At the end of September, medium-term and long-term liabilities rose by three percentage points from the end of […]
The pan-European ‘debt’ battle begins
By Tasos Dasopoulos The European “Southern” camp seems to have won at least one of the institutions, which will have a say in proposing changes to the Stability Pact around the middle of the year. In an interview with a German newspaper, Finance Commissioner Paolo Gentiloni gave an idea of ​​what he would propose regarding […]
Gentiloni: Wants to set debt limits on an individual basis for EU member states
European Union Commissioner for Economic Affairs Paolo Gentiloni wants to set debt limits on an individual basis for the bloc’s member states as part of a proposed reform of the EU Stability Pact, which he intends to present in mid-2022, he told the German Frankfurter Allgemeine Zeitung newspaper, according to Reuters. Gentiloni called for a […]
Gentiloni: Wants to set debt limits on a separate state basis
EU Commissioner for Economic Affairs Paolo Gentiloni wants the EU’s debt limits to be set on a country-by-country basis as part of a proposed reform of the EU Stability Pact, which he intends to present in mid-2022, he told the German newspaper Frankfurter Zeitung, according to Reuters. Gentiloni called for a debate in November on […]
Gentiloni: He wants to set debt limits on a separate basis per state
EU Commissioner for Economic Affairs Paolo Gentiloni wants the EU’s debt limits to be set on a country-by-country basis as part of a proposed reform of the EU Stability Pact, which he intends to present in mid-2022, he told the German newspaper Frankfurter Zeitung, according to Reuters. Gentiloni called for a debate in November on […]
