Eurozone
Bulgaria: Second Lowest Debt Relative to GDP in the EU for 2023
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023.
Banks are investing in bonds
Greek banks made new purchases of bonds and investment assets amounting to 9.3 billion euros in 2023, financed by the excess liquidity secured through the increase in deposits, as in the absence of sufficient demand for new loans the credit sector is looking for investment opportunities with high yields.
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Gov’t plans early repayment of eurozone bailout loans this year
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday.
The eurozone and the International Monetary Fund (IMF) lent Greece about €280 billion during the crisis on the condition that it impose tough austerity measures.
Eurozone business activity accelerates in April
Business activity in the eurozone picked up in April thanks to "increasingly robust" growth in the services sector, a closely watched survey showed on April 23.
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European Commission Backs Bulgaria's Eurozone Entry in 2025
In a significant affirmation of Bulgaria's path towards Eurozone accession, European Commissioner for Economy Paolo Gentiloni has confirmed the European Commission's support for Bulgaria's admission to the Eurozone in 2025.
Bulgaria's Eurozone Entry Likely Delayed to 2026 Amid Disinformation and Economic Challenges
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026, according to insights from Cinzia Alcidi of the Brussels Center for the Study of European Politics, as reported by Politico.
Russian Disinformation Hinders Bulgaria's Euro Adoption Plans, Politico Reports
According to an article in "Politico," Russian-funded disinformation campaigns are contributing to a decline in public support for Bulgaria's adoption of the euro. This development casts doubt on the country's ability to join the Eurozone by January 1, 2025.
S&P revises Greece’s outlook to ‘positive’ on debt reduction
Credit ratings agency S&P on Friday revised its outlook on Greece to "positive" from "stable," saying the tight fiscal regime will continue to spur a reduction in the government debt ratio.
Bulgaria's Eurozone Entry Postponed: Central Bank Governor and Ex-Economy Minister Sound Alarm
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges.
Bulgaria’s eurozone accession could be delayed by months
If Bulgaria fails to meet European Central Bank inflation targets in June, its planned accession to the eurozone in 2025 could be delayed by months, the country's central bank governor has said.