Eurozone

Greek yields decline to historic lows

Greek sovereign bond yields posted a rapid decline on Wednesday despite the mild trend observed on other eurozone markets, a day after the strong rally on statements by European Central Bank chief Mario Draghi. This illustrates that investor sentiment toward Greek assets has changed, as they attract an increasing number of foreign portfolios.

New book details EU’s top-secret Grexit, humanitarian disaster plan filed in 2012

A top-secret Grexit plan designed by the ECB, the EU and its financial mechanisms has been detailed in a new book entitled The Last Bluff and authored by Eleni Varvitsiots, the Brussels correspondent of the Athens daily Kathimerini Eleni Varvitsioti and Bloomberg's Viktoria Dendrinou.

ESM issues stern warning to Greek government

The European Stability Mechanism (ESM), Greece's chief creditor, in a regular report on the Greek economy has warned Athens to fully implement all reforms agreed to in the bailout memorandums, including a 3.5 percent of GDP primary surplus until 2022.

The report coincides with the Bank of Greece's announcement that it projects a 2.9 percent primary surplus for 2019.

ESM urges Greece to stay on path, boost growth-oriented policies

Greece has made big progress in restoring sustainability to its public finances, strengthening the banking sector's resilience, and improving the economy's competitiveness last year but it needs to remain on track and adopt more growth-oriented policies, the European Stability Mechanism (ESM) said in its annual country report on Thursday.

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