Tag Archives: Bloomberg

“The best days of Greek economy are ahead of us,” PM Kyriakos Mitsotakis said  arriving at the European Council in Brussels on Thursday. Earlier, he had commented on a Bloomberg article on Greek Economy that there will soon be “more good news to come.” “Greece’s GDP expansion ‘outpacing major economies’ …

Read More »

Greece ranks 16th in the European Union in the uptake of Covid-19 vaccinations, with 35% of the population having received at least one dose against an EU average of 38.8%, and 20.1% being fully vaccinated, versus an EU average of 18.8%, according to Bloomberg data. Εμβολιασμοί, update: Η Ελλάδα 16η …

Read More »

Greece plunged 19 places on Bloomberg’s Covid Resilience Ranking published on December 22. Reason is the deaths increase and the strict lockdown that was imposed on November 7 and was extended through Christmas and New Year. Greece is the country with the biggest fall along with the USA. Winter and …

Read More »

Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies. The Misery Index has examined inflation and unemployment outlook in 66 economies The Index ranks Greece in tie with Turkey on …

Read More »

“The International Monetary Fund should stop torturing Greece. The IMF could write off its debt, lighten Greece’ burden and do not demand another bank recapitalization.” This is the general idea of an opinion article posted at Bloomberg and written by Kyle Bass chief investment officer at hedge fund Hayman Capital …

Read More »

Greece holds the top fourth position among the countries that are getting more miserable in 2017. According to Bloomberg’s Misery Index, it is Venezuela that tops the list for one more time. Venezuela is followed by South Africa, Argentina, Greece, Turkey and Spain. If 2016 was the year of political shocks, …

Read More »

Short and shocking. But possibly also just stupid. Trump’s leading candidate for the post of US ambassador to the European Union, Ted Malloch, is said to have revealed the intentions of the US administration to Greece’s debt crisis. Malloch’s statement have set at least the Greek media on alert, his …

Read More »

SYRIZA lawmaker and former Alternate Minister of Culture Nikos Xydakis shocked the political world and the public opinion on Tuesday morning when he implied a possible Greek withdrawal form the eurozone. Xydakis said that speaking about Drachma is a taboo and that there should be no taboos when we speak …

Read More »

When is a country’s economy “miserable”? When unemployment and inflation are high, says Bloomberg. In the Misery Index for 2015, Venezuela tops the list followed by Argentina, South Africa, Ukraine and  Greece — the five most painful economies in which to live and work, according to a Bloomberg survey among 51 …

Read More »

Greek Prime Minister Antonis Samaras sent a joyous message to the world of international markets on the occasion of Greece’s return to private lenders and the Resurrection of Christ. “We reached rock bottom and now we can only go up and we will only go up,” Antonis Samaras told Bloomberg …

Read More »

Despite the ongoing structural reforms, the praises from Troika officials and the surpluses, foreign investors do not seem convinced that Greece has averted the risk of default. That’s the result of a global poll conducted by Bloomberg: “The risk of default is on the slide with about three-quarters saying Spain …

Read More »

While thousands civil servants are confronted with the nightmare of unemployment, another Greek drama occurs every night in an air-conditioned bedroom. A man is being plagued by difficult decisions. Minister of Administrative Reform Kyriakos Mitsotakis cannot sleep. “I do not sleep well at night when I know that they will …

Read More »

Greece has the sixth highest gasoline prices, according to a survey conducted by Market Monitoring Agency for news agency Bloomberg. Out of 60 countries surveyed by Bloomberg, Greece was found to have the sixth highest gasoline prices and the third-highest in Europe. All these despite dramatic income decreases. The average …

Read More »

Leader of main opposition party and chairman of left-wing SYRIZA, Alexis Tsipras, wants early elections in order to negotiate the loan agreement between Greece and its lenders and a new ‘haircut’. Speaking to state broadcaster NET TV, Tsipras declared, “the loan agreement is already dead” and “it needs to be …

Read More »

“There are good developments in Greece,” IMF head Christine Lagarde said on Wednesday, stressing that the government has come very close to reach primary surplus and that it records progress in competitiveness. Asked by a Bloomberg report why the Greek program fails, Lagarde replied that it is too early to …

Read More »

 That was a weird day for many traders watching Bloomberg currency ticker featuring a post-euro …Drachma. A blinking XGD code. However those typing the code could not get much information. “The test was visible to a few customers” Bloomberg said in a statement explaining that it had tested a number …

Read More »

Did you know that European tax-payers provided Germany with financail support? A …bailout? No? You didn’t? Well, now, you know…. thank to Bloomberg’s report and a KTG-reader who forwarded the link to us. But beware. The news is a secret, so do not let others, especially Europeans, know about it… …

Read More »

A golden boy, an executive working at Goldman Sachs came to his senses. Greg Smith executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa resigned on Wednesday. Not only that. Greg Smith went public and wrote an open letter in New …

Read More »

Athens denied claims that Greece is going to default over the weekend. “It is not the first time that such a organized wave of ‘rumors’ about an alleged default apprear. This is a bad game and an organized speculation directed against the euro and the euro zone as a whole” Finance Minister …

Read More »