Moody’s reaffirmed Greece’s Baa3 rating with a stable outlook on September 19, 2025, citing sustained reforms, improved governance, and robust EU fund absorption. Despite a high debt-to-GDP ratio, favorable debt structure and liquidity bolster economic stability.
Tag: debt
Greek Finance Minister Kyriakos Pierrakakis predicts Greece will no longer be the EU’s most indebted nation by 2029, citing 2.3% growth and strengthened Greece-France defense ties.
Greece’s central government achieved a primary surplus of 3.5% of its GDP in 2024, significantly surpassing the government’s target of 2.5%. This achievement was announced by the outgoing finance minister, Kostis Hatzidakis, as he welcomed the new finance minister, Kyriakos Pierrakakis.
Greek farmers are escalating protests over rising costs, threatening to bring tractors to Syntagma Square. With blockades nationwide and over 1,000 tractors in Thessaly, they demand action against debt and low prices. *“They want us gone, and that hurts,”* says leader Kostas Tzellas.
Greek singer Stelios Dionyssiou faces foreclosure on his home despite previous claims that the situation was under control. A scheduled auction date looms as recent reports contradict his assurances of a resolution.
Bill Ferg, owner of Melbourne’s Lobster Cave, has successfully avoided liquidation despite his debts soaring to $17 million. Following a protracted legal battle with Humm Group, a settlement was reached in court, allowing the famed restaurant to continue operating.
Greece plans to repay nearly €8 billion in Support Mechanism loans ahead of schedule in December 2024. This early repayment is detailed in the draft state budget for 2025, which was presented to Parliament by National Economy Minister Kostis Hatzidakis on Monday.
April 21, 1967, will always be known as a day that forever changed Greek history.…
Newcastle United Co-Owner Amanda Staveley Loses High-Stakes Legal Battle with Greek Shipping Magnate
In a courtroom showdown at the London High Court, Amanda Staveley, the co-owner of Newcastle…
Athens, March 22, 2024 – In a move to prevent over-lending and promote responsible borrowing…
An important step forward in the process of reducing its public debt was achieved by…
The great debt reduction that Greece has achieved in the last four years is praised…
April 21, 1967, will be known as a day that forever changed Greek history when…
After the first version of China’s flagship Belt and Road initiative was blocked, Beijing is…
Foreign investors are showing an interest in a portfolio of defaulted Greek hotel loans offered…
April 21, 1967, will always be known as a day that forever changed Greek history…
Greece will repay the final tranches of bailout loans owed to the International Monetary Fund…
Greece reacted swiftly and proactively to the pandemic, the International Monetary Fund (IMF) said in…
The new out-of-court mechanism is launched on Tuesday, giving citizens the possibility of repaying debts…
Any impact on Greece’s finances from an increase in the country’s borrowing cost will be…
Greece’s public debt may be the highest in the European Union by far, but remains…
April 21, 1967 will always been known as a day that forever changed Greek history,…
According to the annual European Payment Report published by Intrum, Greeks ranked the lowest among…
April 21, 1967 will always been known as a day that forever changed Greek history,…
The head of Greece’s Independent Public Revenue Authority (AADE) Giorgos Pitsilis on Monday encouraged citizens…
Greece announces additional financial measures to protect the economy from the impact of coronavirus
In an attempt to keep the economy afloat in the aftermath of the coronavirus crisis,…
The Greek government expressed satisfaction following the green light it was given on Monday by…
Greece just got an ‘upgrade’ on Monday on its long-term foreign- and local-currency issuer ratings…
The IMF reported on Wednesday that Greece is on track to meet its fiscal targets…
Greece’s Prime Minster, Alexis Tsipras stated while addressing a cabinet meeting on Monday that the government’s goal…
