European debt crisis

The European Commission has Lowered its Forecast for the Economic Growth of Bulgaria

The European Commission lowered its forecast for the growth of the Bulgarian economy this year from 3.8%, as expected in the spring, to 3.5%. The explanation is the delay in exports. The forecast of the International Monetary Fund in October is that the growth for the year is 3.6%, as is the expectation of the Bulgarian Ministry of Finance, reports Dnevnik. 

Decision on pensions expected in mid-November, says EU official

The decision on whether Greece will have to implement or not the pension cuts the country agreed with its creditors will be taken in mid-November, a senior EU official said on Friday.

Speaking to journalists, the official said there will be an extra Eurogroup meeting on reforming eurozone in mid-November and it is possible that the final decisions will be taken then.

Rating agency DBRS sees 'moderate risk' of Grexit

Rating agency DBRS said it believes Greece runs a "moderate" risk of exiting the eurozone.

In a report issued late on Monday, DBRS warned that while the other 18 states that share the euro currency run a "low risk" of eurozone exit, including all other countries to emerge from a bailout program, Greece continues to face a moderate possibility.

Budget relies on two scenarios

The first draft of the 2019 state budget tabled in Parliament on Monday by the Finance Ministry was based two alternative scenarios - one with the planned pension cuts along with offsetting measures, and one without them, apparently trying both to appease its creditors and please its voters.

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