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 […]
Tag: Public debt
Lindner (German Ministry of Finance): Time to start reducing public debt in the EU again
Germany wants to respect commonly agreed fiscal rules at European Union level, as it helps control inflation, the country’s new finance minister and leader of the ruling Free Democratic Party (FDP), Christian Lindner, told a news conference on Monday. of 19 Min. Eurozone Finance (Eurogroup). The “real debate” on the new – after the pandemic […]
IW: Only Greece and Portugal have realistic debt reduction prospects for next two decades
LAST UPDATE 20:07 Without new debt rules, the burden on several euro countries threatens to continue to rise uncontrollably. This shows a survey by the German Economic Institute (IW), for five countries. In short, the survey finds that only in Portugal and Greece is it realistic to reduce government debt relative to GDP over the […]
The strategic moves in debt to accelerate the investment grade
By Tasos Dasopoulos With some delay, due to the absence of the new German government, the Ministry of Finance begins to unfold in the coming months the plan to exit the enhanced supervisory regime and achieve a minimum investment grade. The plan has a point of reference, the most difficult of the budget figures, the […]
Société Générale: ‘Long Covid’ threatens economy – Risk of tough austerity packages
Of Eleftheria Kourtali Economic scars are expected to narrow in the eurozone, both in terms of GDP and employment. However, The impact of the COVID-19 crisis on public finances will prove to be long-term and significant (long Covid), with the region’s public debt moving 15% higher and deficits unlikely to return to pre-pandemic levels in […]
When and how will the public debt be reduced
By Tasos Dasopoulos High and sustainable growth, repayment of old and expensive debt and further reduction of borrowing costs, are expected to reduce debt as a percentage of GDP by 16-18% by the end of 2022. Assuming that after the fourth wave, the coronavirus pandemic will fall into a final recession and price increases will […]
The bill of the coronavirus crisis: the debt increases 450 million a day
Public debt continues to rebound at a dizzying rate as a direct consequence of the coronavirus crisis and the measures that the Government has deployed to cope with the economic recession. So much so that the set of liabilities of the Public Administrations closed August at 1.29 trillion and has already rebounded to more […]