European debt crisis
‘Success story’ seen continuing
The continuation of the economic recovery and Greece's return to investment grade after almost 13 years is what markets expect after the elections.
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No pause in sight as ECB eyes next rate hike
The European Central Bank will almost certainly deliver another interest rate hike tomorrow, pressing ahead with its fight against inflation even as the eurozone slides into a recession.
Analysts predict that ECB policymakers will copy May's move and again raise borrowing costs by 25 basis points, taking the closely watched deposit rate to 3.5 percent.
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Little progress seen on EU debt rules at Friday meeting
Not much progress is expected on the reform of European Union debt rules at EU finance ministers' talks on Friday, officials said, as Germany and France remain at odds over whether there should be a minimum annual debt reduction obligatory for all.
The ‘miracle’ of Greek bonds
Investors' perception of Greece has changed dramatically as is clearly seen from its performance in the bond market.
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The Eurozone was in Recession in the First Quarter of 2023
The Eurozone economy was in a technical recession in the first three months of 2023, according to data published earlier today by the European statistical office Eurostat, BTA reported.
Analysts: Investment grade within reach
Greece's strong performance compared to the eurozone and the upward trajectory of the country's ratings by rating agencies on the way to achieving investment grade, are the biggest catalysts for the Greek economy, as well as for the course of Greek bonds and banks.
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The priorities the next government must set for the economy
The Greek economy has made significant progress since the previous decade's major debt crisis, which was the result of reckless fiscal policy and loss of competitiveness.
Fitch confirmed the long-term Credit Rating of Bulgaria
The international rating agency "Fitch" (Fitch Ratings) confirmed the long-term credit rating of Bulgaria in foreign and local currency BBB with a positive outlook.
Fitch: Stability Program underscores fiscal progress
Greece's 2023 Stability Program highlights the strong improvement in public finances and outlines a substantial further reduction in debt, Fitch Ratings said in a report, adding that even if some of the program's projections proved to be optimistic, they reinforce our view that the debt ratio will continue to fall over the medium term.
Commission: EU countries should focus on net expenditure, cut debt over 4 years
The European Commission proposed on Wednesday that, under a reform of the EU's fiscal rules, governments should ensure public debt falls over four years and stays on a downward path for a decade afterwards.