Causes of the European debt crisis
Analysis: Greek bonds snapping at heels of southern Europe’s best in class
Greece is heading into an election weekend with its public debt trading near the levels enjoyed by first-class peripheral countries, a decade after a debt crisis forced a dramatic reshaping of its borrowing.
Eurozone Annual Inflation slows sharply in May to 6.1%
The common inflation in the Eurozone on an annual basis slowed sharply in May to 6.1% from 7% in April, preliminary data from Europe's official statistics agency Eurostat showed.
OECD: Greeks are using their bank savings
The fact that consumption in Greece is robust, despite stable salaries and high prices, means that Greeks are using their savings, notes Organization for Economic Cooperation and Development (OECD) Senior Economist Tim Bulman.
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Basic food continues to be more expensive
Consumers in Greece still pay significantly more for bread and meat compared to the other countries of the eurozone, as, despite the reduction of inflation, food price hikes continue.
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Eurostat: Inflation in Greece at 11.3% in July
Eurozone annual inflation rose to 8.9% in July, from 8.6% in June
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Financial Analyst: The Expensive Dollar will have a Negative Impact on the Import of Raw Materials
"The war in Ukraine and its consequences are the main reason for the leveling of the euro against the dollar. For the first time since the beginning of the new millennium, we have seen parity between the world's two major reserve currencies". This was stated by the economist and financial analyst Boris Petrov in an interview for BGNES
Bulgaria Boasts Positive Current and Capital Account for 2020
Bulgaria's current and capital account showed a deficit of115.6 million euro in December 2020 against a deficit of 248.1 million euro in the same month of 2019, the central bank said Friday. The current and capital account had a surplus of 1,009.6 million euro (1.7 per cent of GDP) in January-December 2020, compared to a 2,739.1 million euro surplus (4.5 per cent of GDP) in 2019.
ECB said to have urged measures worth 1.5 trln euros this year to tackle virus crisis
The European Central Bank told eurozone finance ministers that the eurozone could need fiscal measures worth to 1.5 trillion euros this year to tackle the economic crisis caused by the COVID-19 epidemic, officials told Reuters.
Economy reports quite bearish, but roadshows reveal positive sentiment
International observers expect the Greek economy to slow down next year to a level far from the government's 4 percent growth target. They also see Greece missing out on the European Central Bank's bond-buying program as the country is considered unlikely to regain an investment grade credit rating.
Leaders push for eurozone budget funding solutions
European Union leaders on Friday urged the 19 countries that use the euro currency to quickly figure out how they would fund a joint budget that would seek to stabilize and strengthen the single currency zone.
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