Government debt

Athens anticipates grants of at least 8-10 billion euros from French-German recovery plan

The government is expecting a growth boost to the tune of 1.5-2% of gross domestic product for the next three years through the EU Recovery Fund, if it is approved, based on a proposal the European Commission will submit on Wednesday.

S&P affirms Turkey's credit rating

Standard & Poor's rating agency on  May 6 affirmed Turkey's long-term foreign currency sovereign credit rating at B+ and long-term local currency sovereign credit rating at BB-. 

The outlook is stable, said the agency in a statement. It also affirmed the country's short-term foreign and local currency sovereign credit ratings at B.

T-bill sale raises 812.5 million euros

Greece achieved a marginally improved interest rate at Wednesday's auction of 13-week treasury bills compared to a similar auction a month earlier, while raising a much greater amount of cash.
According to Public Debt Management Agency data, Greece raised 812.5 million euros with an interest rate of 0.28 percent, after receiving offers of 1.152 billion euros.

BNR's Lazea: Government, responsible for every citizen's health, not for every SME's survival

Many small and medium-sized companies will disappear, undoubtedly, but a government is responsible for the health of each of its citizens, not for the survival of each SME or every enterprise, especially in a market economy, Valentin Lazea, chief-economist of the National Bank of Romania (BNR), said in a specialized video-conference on Tuesday.

Further debt easing may come later, economists tell Kathimerini

Estimates pointing to a deep recession in Greece this year and a steep rise in the national debt as a result of measures to contain the coronavirus pandemic are generating questions about what will happen once the crisis subsides and raising new debt sustainability concerns. Economists asked by Kathimerini stress that Greece is armed with weapons it did not have before.

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