By Tasos Dasopoulos The revised study of the Hellenic Fiscal Council predicts the growth rate of the economy as a key factor determining the annual debt reduction as a central change for the stability pact In the study, signed by Professor George Ioannidis and Professor Panagiota Koliousi, the key points are to cross the tough […]
Tag: Debt
What risks does the Commission see for the debt?
By Tasos Dasopoulos In the debt sustainability report included by the European Commission in the report for the 12th assessment, he concludes that the worst case scenario for the Greek debt is the one that predicts lower economic growth for the next 10 years A common denominator of both the basic and the two alternative […]
Moody’s: In Greece the biggest debt reduction in 2022 and the biggest boost to growth in 2021-2027
Her Eleftherias Kourtali The credit prospects of the eurozone countries in 2022 are analyzed by the rating agency Moody’s in a new report (and a few hours before its scheduled “verdict” for Greece tomorrow), examining the challenges surrounding debt and boosting growth on its way return to “normalcy”. He points out that the high debt […]
Jellen: Treasury resources are sufficient until December 3, maybe a little more
US Treasury Secretary Janet Glenn is set to brief Congress “in a couple of days” on how much time its members have to approve or not to raise the federal debt ceiling before it runs out of cash. government. “We may be able to get past December 3, we may have the resources, but not […]
Eurogroup – Lagarde: Transient inflation is expected to decline from 2022
Eurozone finance ministers agreed on Monday that the jump in consumer prices during this period will subside in 2022, while the high debt created by the pandemic crisis should be reduced, but in a way that will not affect the economic recovery, transmits Reuters. Annual inflation climbed to 4.1% last month from 3.4% in September, […]
The pandemic inflated private debt
Of Leonida Stergiou From the beginning of 2020 until today, that is, from the moment the pandemic with its consequent lockdown and the sharp drop in economic activity showed its threatening teeth, governments and monetary authorities have decided not to be sparing in their support packages. In Greece, banks received emergency liquidity from the ECB […]
The Treasury believes that the best way to ensure long-term debt sustainability is to ensure growth
The Director General of the Treasury, Pablo de Ramón-Laca, has affirmed that the best way to ensure the long-term sustainability of the Spanish debt is to guarantee structural growth. The Spanish debt, he assured, is “sustainable” and the interest burden should be used as an indicator, which has decreased in recent years, so “the debt […]
The ECB dismisses as “illegal” and “meaningless” the petition to forgive debt signed by the president of the PSOE and Podemos
The European Central Bank disqualifies as “illegal” and “meaningless”, the debt forgiveness proposal supported, among others, by the president of the PSOE, Cristina Narbona, and the economic manager of Podemos, Nacho Alvarez. “Debt cancellation is illegal under the treaties, but I would like to point out that it is not just a legal issue or […]
AMC Theatres Raises $917 Million, Averts Bankruptcy
AMC Theatres averts the pandemic-led bankruptcy by raising $917 million through a combination of cash and equity. The company now hopes to survive through July assuming that there is no increase in theatre attendance and concessions from landlords continued. Shares jumped 26% post the news.
The meeting dismisses Abengoa’s board and its restructuring remains open
The Abengoa general shareholders’ meeting has approved this Tuesday the cessation and rejection of the board of directors of the company for its management of the debt restructuring agreements that it reached with the banks, with which the agreed restructuring remains in the air. As Abengoa has informed the National Securities Market Commission (CNMV), the […]
