In a statement on the increase of disposable income, as well as the improvement of the fiscal result and the public debt index in 2021, the Minister of Finance Christos Staikouras proceeded, emphasizing that these positive developments significantly strengthen the country’s credibility and confidence. The statements of the Minister of Finance in detail: “ELSTAT announced […]
Tag: Public debt
The Ukrainian Ministry of Foreign Affairs promises that Ukraine will service the foreign debt
More than 80 percent of Ukraine’s debt this year is domestic, “which we can easily cover” or refinance, Finance Minister Serhiy Marchenko said in a televised interview, according to Bloomberg. He said the debt repayment schedule was “quite modest and simple”, culminating in September, when Kyiv had to pay interest on $ 500 million in […]
Ch. Almunia: The Greek economy is more exposed due to the size of its public debt
In an assessment of the program implemented in our country, when the financial crisis broke out in 2009, and in assessments of the prospects of the Greek economy, Messrs. Joaquin Almunia, Zsolt Darvas, Napoleon Maravegias and Dimitris Tsomokos at the 7th Delphi Economic Forum held in Delphi on April 6-9, under the auspices of SA […]
Commission: Promoting reforms and continuing high growth in 2022 – ‘Yes’ to second minimum wage increase
By Tasos Dasopoulos Continuation of the effort for reforms, reduction of arrears of pensions and high growth of 4.9% in 2022, the European Commission certifies in its report for the 13th evaluation, where it accepts the second increase of the minimum wage in 2022 as a measure against accuracy. In its general conclusion, the Commission […]
Italy: Public debt in the ‘dangerous’ zone
A downturn in European bond markets has pushed up Italy’s borrowing costs to the point where traders are wondering how much “pain” policy makers can suffer before backing up their debt, according to Bloomberg. Borrowing rates for Italy, one of the eurozone’s most heavily indebted countries, hit 2% last week for the first time since […]
UBS: A new debt crisis in the Eurozone can not be ruled out – The three scenarios and the role of the ECB
Her Eleftherias Kourtali Debt levels in many Eurozone countries are at historic highs, interest costs are at historic lows and the ECB is “monitoring” yields and spreads. The allocation of Recovery Fund resources allows for a more expansionary fiscal policy without burdening national budgets. Therefore, the risk of a new European debt crisis in the […]
How Athens reads the messages of the markets and the IMF
By Tasos Dasopoulos With bond yields now back in 2019, the financial staff is making adjustments to both the lending strategy and the reduction of deficits and debt. Regarding the situation, which wants the 10-year title to trade at a yield close to 2.5% and the 5-year at 1.4%, as much as the returns were […]
How does Athens read the messages of the markets and the IMF
By Tasos Dasopoulos With bond yields now back in 2019, the financial staff is making adjustments to both the lending strategy and the reduction of deficits and debt. Regarding the situation, which wants the 10-year title to trade at a yield close to 2.5% and the 5-year at 1.4%, as much as the returns were […]
Spain wants EU member states to set their own budgetary targets
Spanish Economy Minister Nadia Calvino on Monday suggested that each member state of the European Union set its own fiscal targets in the future instead of being subject to the targets imposed by the bloc’s fiscal rules. “In the future, member states must have the first say in setting their own fiscal targets,” Calvino told […]
Scope Ratings: Raises to 9.3% the estimate for the growth of Greece in 2021 – Why does not worry about the Greek bonds after the ‘turn’ of the ECB
Of Eleftheria Kourtali Scope Ratings has proceeded to a new upward revision of its estimates for the development of Greece in 2021, in the context of the established monitoring review report (monitoring review) which the house conducts every six to 12 months and which is not an evaluation report. The house now estimates that Greek […]