Great Recession in Europe
Negative interest again for 13-week T-bills
Greece auctioned 13-week treasury bills carrying a negative interest rate on Wednesday for a second month in a row, confirming its improved stature in the markets some 14 months after its emergence from the bailout programs.
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Greek-Italian yield spread moving closer to zero
Greek bond yields have started to rival Italy's, with analysts estimating that the spread between them will soon drop to zero. This comes as Greece confirmed the return of market confidence on Wednesday, selling debt without interest.
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Greek corporations rush to issue bonds amid record low yields
The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing.
Apartment prices shoot up 7.7 pct in second quarter
Apartment prices in Greece rose 6.3 percent in the first half of the year compared to last, shooting up 7.7 percent in the second quarter compared with the same period in 2018.
Bundesbank: German Economy Enters Recession
There was a 0.1% decline in GDP in the second quarter of this year.
The German economy will enter a recession in the third quarter due to the "sharp" decline in industrial production due to tensions in international markets, Bundesbank warned.
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German economy shrinks amid trade concerns, auto woes
The German economy shrank by 0.1 percent in the second quarter from the previous quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy.
Industrial output rises 0.3 percent y/y in June
Greek industrial output rose 0.3 percent in June compared to the same month last year, after a revised 0.1 percent decline in May, statistics service ELSTAT said on Friday.
Looking at index components, manufacturing production rose 1.0 percent from the same month in 2018, while mining output fell 0.4 percent.
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NBG Pangaea secures fresh financing of 300 mln euros
Leading real estate investment firm NBG Pangaea secured a new injection of liquidity to refinance its borrowing on more favorable terms and continue its ambitious investment program through a 300-million-euro corporate bond.
Greece 7-year bond yield at 1.9 pct, Bloomberg reports
Greece is seeking to raise 2.5 billion euros ($2.8 billion) on a new seven-year bond issued on Tuesday at a yield of 1.9 percent, Bloomberg has reported.
Quoting an anonymous source, Bloomberg said the offer drew orders of more than 13 billion euros.
Greek economy to grow 1.9 pct this year, miss primary surplus target
Greece's economy is expected to grow by 1.9 percent this year, the country's central bank said in its annual monetary policy report on Monday, an expansion pace below what the government is projecting.