The public debt reached 357.665 billion euros in the first quarter of this year compared to 344.248 billion euros in the first quarter of 2021. This results from the quarterly non-financial accounts of the General Government published by ELSTAT. According also to which: – The revenues of the General Government amounted to 18.982 billion euros […]
Tag: Public debt
Eurogroup: Financial support for vulnerable groups, attention to public debt
With the global economic environment deteriorating, eurozone member state governments should focus on protecting the most vulnerable rather than supporting demand, while any fiscal policy should aim to maintain debt sustainability. This is the key point highlighted by today’s Eurogroup communiqué, which also points out that measures need to focus on supply-side constraints, implementing structural […]
The challenges after the end of enhanced supervision
By Tasos Dasopoulos The positive news of the end of the enhanced surveillance for Greece and the acceptance of Croatia’s accession to the euro were left yesterday by the representatives of the institutions that participated in the Eurogroup in Luxembourg, avoiding the two difficult issues that will be discussed after the Commission’s vacation. September. The […]
‘Bell’ by Moody’s: Risk to debt sustainability and fiscal space due to ECB – Investors may flee
Her Eleftherias Kourtali The normalization of the ECB policy will not derail the reduction of the debt of the countries of the region, but will weaken its sustainability as well as the fiscal space, warns the rating agency Moody’s. At the same time, he stressed that the end of bond purchases by the ECB will […]
Germany: SPD leader S. Eskien challenges compliance with “debt brake” in 2023
SPD leader Saskia Esken has openly questioned Finance Minister Christian Lindner (FDP) ‘s compliance with the “debt brake” from next year. Regarding the financing of possible further relief for the citizens due to the high inflation, he stated in the newspaper “Tagesspiegel” (Sunday) that “the issue of financing is justified and very serious. We should […]
How far will the government lending rates go?
By Tasos Dasopoulos Greek bond yields are expected to rise in the near future, in view of the increase in interest rates by the ECB in July and the general uncertainty about the course of the Eurozone and the war in Ukraine. Competent sources of YPOIK did not rule out the possibility of seeing yields […]
ECB: Public debt, disposable income and low growth are the risks for Greece
By Leonidas Stergiou The effects of the war on energy prices, inflation and lower growth amplify risks to the Eurozone financial system and economy. These risks are greater for countries with high public debt, more expensive borrowing costs and lower disposable income. This is one of the main conclusions of the Financial Stability Report presented […]
Bloomberg: French public debt levels back in focus
France’s top ministers have reaffirmed the country’s promise to cut debt after the Covid-19 pandemic forced President Emanuel Macron to make unprecedented spending to prevent the economy from collapsing, according to Bloomberg. “I will be a relentless craftsman in maintaining our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new […]
Gentiloni message to Greece and member states with high debt: ‘Be very careful’
The need for Greece and all member states with high debt to be “very careful” in reducing and limiting nationally funded current expenditures, stressed today the Commissioner of Economy, Paolo Gentiloni. “In general, I can say that Greece and all Member States with high debt should be very careful in reducing the level of debt […]
Handelsblatt: The pandemic and the energy crisis took Greece back
First the recession of the coronavirus in 2020, after the billions of aid for the companies affected by the padlock, now the high inflation of energy prices: In 2022, nothing is going according to the plan for the Greek Minister of Finance Christos Staikouras, which is already in his third year, according to Handelsblatt. Due […]