The ECB’s announcement that it can continue to buy Greek government bonds until the end of 2024 reduces the risk of a sharp jump in lending costs for Greece, as the Pandemic Extraordinary Markets Program (PEPP) comes to an end, according to an analysis Fitch Ratings. The ECB confirmed on Thursday that net asset purchases […]
Tag: Debt
National Bank: Leap in public investment in 2022, to a high of at least 18 years
An analysis of the State Budget for 2022 was carried out by the Financial Analysis Division of the National Bank, pointing out the goal of implementing a decisive step for the reduction of the deficit, after two consecutive years of intensively expansionary fiscal policy, in order to compensate. As the EIB notes in its analysis, […]
AADE: The new overdue debt was reduced by 31.54% in October 2021
The new overdue debt decreased by 31.54% in October 2021, compared to the corresponding month of 2020, according to data released by AADE. Specifically, it amounted to 713 million compared to 1.041 billion in the corresponding month last year. Based on the same data for the period January-October 2021, the new overdue debt amounted to […]
IMF: New record for global debt in 2020, reached $ 226 trillion.
The global debt in 2020 jumped to a new record, reaching 226 trillion. as it showed the largest annual rise since World War II, according to the International Monetary Fund in an analysis released today, while warning of the risks of a sharp rise in interest rates. In a post on the IMF blog, Vitor […]
BNP Paribas: Greece’s performance is impressive, the economic outlook for 2022 is strong
Her Eleftherias Kourtali Although the economic situation in Greece remains difficult, significant improvements are clearly visible, as noted by BNP Paribas, and this positive trend is likely to continue in 2022, if the situation on the health front does not deteriorate. The French bank points out that the Greek economy has been surprised by its […]
European label for cannula closure of support measures
By Tasos Dasopoulos The total escape clause may continue to apply in 2022, but the scope for new support measures is limited to what is absolutely necessary, with the burden falling on debt and deficit reduction next year. At the meeting of the Eurogroup finance ministers, the issue was discussed in the context of the […]
YPOIK: Launch of the ‘Early Warning Mechanism’ platform
The Ministry of Finance announced the activation of the new digital platform of the “Early Warning Mechanism”, within the framework of the Law on debt settlement and the provision of a second opportunity (Law 4738/2020). The Mechanism is implemented for the first time in our country and is applied in harmonization with the European Directive […]
At the beginning of 2022 the early repayment of IMF – GLF
By Tasos Dasopoulos At the beginning of 2022, the repayment of the balance from the loans of the International Monetary Fund to Greece, amounting to 1.8 billion euros, will proceed, as well as the first repayment of 5.3 billion euros from the bilateral loan of a total of 52.3 billion euros that Greece received during […]
Yes from the Eurogroup in installments of bonds and repayment of expensive debt
By Tasos Dasopoulos Its approval for the disbursement of the installment of 767 million euros as a result of successful completion of the 12th evaluation, but also for the early repayment of the loans of the International Monetary Fund and part of the bilateral loan, totaling 52.3 billion euros (GLF) that Greece received in the […]
How long will the public maintain high cash resources?
By Tasos Dasopoulos After the conquest of the investment stage, near the end of 2022 or the beginning of 2023, the policy of cash will start, which started from 32 billion euros in the summer of 2018 and today reaches 39.5 billion euros. It should be noted that out of the amount of 39.5 billion, […]