Tag Archives: sustainability

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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It looks as if creditors’ institutions including the International Monetary Fund agree on one thing: that on short-and medium-term the Greek debt is sustainable. To this point of view now adds the report of Greece’s Public Debt Management Agency. Greece’s Public Debt Management Agency (PDMA) assessed that recent debt relief …

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Stocks of Greece Public’s Power Corporation (PPC/DEH) have been targeted by traders in Athens Stock Exchange of Monday, after a report of McKinsey consulting group described PPC as “unsustainable” and warned of “tough conditions the banks want in order to refinance the company’s loans.” PPC shares had recorded losses of …

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Representatives of Greece’s rescue creditors said the country is on target to regain access to bond markets by the end of the year and exit the bailout program next summer. Officials from the European Commission, European Central Bank, and the European Stability Mechanism fund said a major round of austerity …

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The International Monetary Fund’s discussions on Greece’s debt are ongoing and no deal has been reached, IMF spokesman William Murray said on Thursday. At the same time, Murray warned that there will be no Greek deal without a credible strategy on the Greek debt and that the Fund will not …

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The Greek government believes that the second review of Greece’s program has concluded in theory but not in practice due to the controversial issue of the participation of the International Monetary Fund (IMF) in the program. No groundbreaking results are expected in the Eurogroup meeting that takes place later today, …

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Head of the European Central Bank, Mario Draghi expressed concern about the sustainability of the Greek debt and said that assessment on the debt was necessary before Greece could participate in the Quantitative Easing Program. “Discussions on the sustainability of the Greek debt continued. We expressed concern, and steps should …

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Prime Minister Alexis Tsipras wants a debt relief. The International Monetary Fund wants the same. Both consider Greece’s debt as unsustainable. But the country’s European partners, the country’s biggest lenders do not want to hear about such option. At least not now. According to Eurogroup head Jeroen Dijsselbloem, Greece may …

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Greece has to pass a review of its bailout programme and show a commitment to reforms before the European Central Bank can start buying its bonds as part of the bank’s asset purchase programme, ECB President Mario Draghi said on Thursday. Greece has so far been excluded from the quantitative …

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35 economists say that Greece needs its debts cancelled and growth. In an open letter to the Guardian, the economists from several countries say among others that “the negative impact of austerity policies weaken economies” and have “severe effects to the poorest households.” They urge national governments to support “a …

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Hurray! Our Lenders & Masters are pleased with us! Yes, us, the lazy and tax evading Greeks. Our Lenders & Masters are pleased with the progress we have made. Oh wait! EU Monetary affairs Commissioner Olli Rehn did not say that exactly. He said instead: “We are seeing encouraging signs …

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Troika here, EU there, Schaeuble & Merkel lead the dance.  In the middle the sustainability of Greece’ debt that does not decrease despite strict austerity measures and tax tsunamis. A third ‘rescue’ package is on the way. “Greece’s international lenders will step up their assessment next month of how the …

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“We found a priest, let’s bury five to six.” That’s a Greek expression pointing to chances that shouldn’t be missed. Like in case of idiots, who are willing to take one bailout after the other. The Greek government. And the Troika willing to load Greeks with loads of loans that …

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Three eurozone nations will have to restructure their government debt next year, and Greece will probably exit the eurozone, Citigroup predicts. Italy, Spain and Greece will need debt restructures next year, Michael Saunders, Citigroup’s chief European economist believes. The same forecast is true of Ireland, Portugal, Cyprus and Slovenia by …

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After three hours of consultations, the three political leaders of Greece coalition government managed to reach a basic agreement on the 11-billion-euro cuts-package and the additional 3-billion-euro tax tsunami. Short after the meeting, Finance Minister Yannis Stournaras told the media, that the heads of the three coalition government parties had reached a “basic …

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Greek coalition government partners Antonis Samaras, Evangelos Venizelos and Fotis Kouvelis meet on Thursday morning to finalize the austerity package of 11.5+2 billion euro for the years 2013-2014. While the three leaders have agreed on main cuts there are some measures that meet the objection of Venizelos (PASOK) and Kouvelis (Democratic Left), …

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