Government debt

On Wednesday, June 3, Greece's Public Debt Management Agency will auction 26-week treasury bills in book entry form, which will mature on December 4, 2020.
The amount to be auctioned will be 1 billion euros and the settlement date will be June 5.

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.

Greece has returned to budget deficits, instead of surpluses, due to the coronavirus pandemic, Bank of Greece data for the January-April period have shown, while the government is preparing to announce a new package of financial measures for the June-September period, probably on Wednesday.

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.

Greece will raise only a fraction of what it initially expected from privatizations this year, as the coronavirus downturn has forced it to put planned asset sales on hold to avoid low offers.

The Finance Ministry announced that the Public Debt Management Agency will auction 13-week treasury bills on Wednesday, May 6, to raise 625 million euros. 

The T-bills will mature on August 7 and the settlement date will be May 8.

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.

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.

Eurozone government debt will surge this year on the coronavirus pandemic, but while another debt crisis is unlikely, large differences in indebtedness as countries emerge from the downturn could seriously test their unity.

We are living in an historic era.

The world is experiencing the greatest crisis since WWII.

The total freezing of the global economy and social life is a phenomenon that is historically unique.

The projections of analysts, economists, and international organisations point to an horrific landscape the day after the pandemic.