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Tag Archives: Greek debt

Greek debt remains sustainable despite pandemic crisis, says ESM economist

Chief economist at the European Stability Mechanism Rolf Strauch said in an analysis that that the pandemic may have led to an increase in the Greek national debt and the long-term risks, but the country is not going through another debt crisis. In his analysis, Strauch explained that Greek and …

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Greek debt sustainable despite pandemic, says Fitch

Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday. Greece’s general government debt to GDP rose to 207% of GDP at end-2020 from 181% in 2019 as a result of …

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New charges against Sorras: Leader of criminal organization, fraud, money laundering and others

The self-proclaimed billionaire and now fugitive Artemis Sorras has been charged with fraud and running a criminal organization. The office of prosecutor in Athens published a long list of charges against Artemis Sorras and seven of his close associates on Tuesday. The list of charges reportedly contain “half of the …

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Greece, go figure! IMF: Debt not sustainable ESM: Debt Sustainable

Is the Greek debt sustainable or not? Opinions and approaches differ. The International Monetary Fund insists that the Greek debt is not sustainable, the Eurozone’s Fund European Stability Mechanism insists that the Greek debt is sustainable. Greece has three weeks to deal with ‘potentially disastrous’ debt, the IMF said adding …

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ESM proposals could reduce Greece’s debt by a fifth in 2060

Confidential proposals drawn up by the eurozone’s bailout fund European Stability Mechanism could reduce Greece’s debt load by about a fifth in 2060. The six -page document, dated November 25th 2016, outlines measures that that could be taken in the near future to reduce Greece’s large debt load. According to …

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ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament. Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that …

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PM Tsipras launches Debt Relief tour in EU

Prime Minister Alexisd Tsipras is launching a Debt Relief Tour to convince EU lenders and key players about the necessity of a debt relief. At the same time, he is in continuous contact with US officials who have access to IMF’s Managing Director Christine Lagarde. According to daily Ta Nea, …

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Rumor and speculation mill work overtime over Greek gov’t proposals to lenders

The rumor and speculation mill is working overtime as usual when negotiations between Greece and its creditors are at a crucial point. After Prime Minister Alexis Tsipras revealed that Greece sent a draft plan to the Troika-Institutions on Monday night, national and international media started to upload on their websites …

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UPD Tsipras – Juncker hand in hand for Greek Debt on Solution Street

Friendly and warm atmosphere.  Greek Prime Minister Alexis Tsipras is holding a meeting with President of European Commission Jean-Claude Juncker in Brussels on Wednesday morning. In a gesture of  failed symbolism, veteran Jean-Claude took young PM Alexis by the hand and off they walked to the EC sanctuary.  Hand in …

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