European debt crisis

Government aims to fast-forward reforms; talks with creditors to be tough

First, the good news: The government is on a mission to brief our eurozone partners, the other European Union members and our creditors on its plans to boost growth and its intentions to fast-forward long-stagnant reforms by cutting back on excessive spending and pushing privatizations, and then, and only then, present its demands.

Moody’s calls for reform implementation to boost Greek growth

Greece's credit profile is constrained by the country's elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government's implementation of reforms agreed with lenders would bolster growth.

The EC Keeps its Economic Forecast for Bulgaria

The European Commission (EC) keeps its expectations for Bulgaria's economy in its summer forecast. The GDP growth of our country in 2019 will recover to 3.3% from 3.1% in 2018, reaching 3.4% in 2020, coinciding with the expectations of the spring forecast.

In terms of inflation, the EC expects its pace to reach 2.4% in 2019 and will slow to 1.7% in 2020, writes Investor.bg.

Greek reforms in line with bailout requests, say gov't sources

Greece will implement a series of reforms which are in line with what has been agreed with its creditors, government sources said Wednesday, responding to a comment by German Chancellor Angela Merkel.
Speaking at a news conference with Finland's prime minister, Merkel said she agreed with eurozone finance ministers that no change was needed to Greece's bailout program.

Merkel: Greek PM told me he would quickly implement reforms

Greece's new prime minister has promised Angela Merkel in a phone call that he would quickly implement a reform program, the German chancellor said on Wednesday.
Speaking at a news conference with Finland's prime minister, Merkel also said she agreed with euro zone finance ministers that no change was needed to Greece's bailout program.

[Reuters]

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