Eurozone crisis

Goldman Sachs raised the Likelihood of a US Recession

Goldman Sachs Group said the probability that the United States will enter a recession this year now stands at 35 percent, compared with 25 percent in the big investment bank's previous forecast.

The bank noted that the upwardly revised likelihood reflects "increased near-term uncertainty around the economic effects of the stress on small banks."

Greek bonds unaffected by extension of pre-election period

Political developments after the railway tragedy have certainly moved onto investors' radar, however, they are not seen as a risk on the bond market, as yields have stayed put.

Moving the elections to May instead of early April, with the second polls expected in the summer, increases the time of the pre-election period.

The quiet, unexpected vindication of the euro

Behind the horrors of war, amidst successive international crises, a favorable reality for Europe (and Greece) is quietly unfolding. What was once a factor of division and weakness for the European Union is now a pillar of unity and strength. The euro, at the heart of the EU's first major crisis of the 21st century, has evolved from a weak core to a European unifier.

SSM head on the Greek banks

Greek banks will undergo capital stress tests in order to get the green light from the European Central Bank's supervisory mechanism to distribute dividends to shareholders, the head of the Single Supervisory Mechanism (SSM) board, Andrea Enria, told Kathimerini.

Cyprus banks have work to do

Cyprus banks have made progress, but more must be done for them to be on a par with other banks in the European Union and at their current level of development, according to a report by the Single Supervisory Mechanism (SSM) of the European Central Bank.

Bond issue a multiple success

At a single stroke on Tuesday, the Public Debt Management Agency managed to beat the volatility and pressures expected to be caused by the continued tightening of European Central Bank monetary policy and the national elections, and to cover 50% of the 2023 loan program with its first market foray of the year.

IMF revises Slovenia growth forecast

Washington, – The International Monetary Fund (IMF) has revised its projections for Slovenia in its latest World Economic Outlook. The country’s GDP is projected to increase by 5.7% this year, an upgrade of 2 percentage points on its April figures, as the forecast for 2023 was corrected downwards by 1.3 points to 1.7%. Inflation is to near 9% this year.