Displaying items by tag: greek economy
BoG: Greek banks' exposure to war negligible, economic outlook clouded
The exposure of Greek banks to Russia and Ukraine is negigible and any predicition regarding the final impact on financial stability would be extremely premature and precarious, the Bank of Greece (BoG) said on Thursday.
ICAP CRIF study: The performance of selected sectors in the Greek economy
Estimates for the course of the macroeconomic measures of the country are positive for 2022, however, the current developments that prevail at the international level, are estimated to weaken the growth rate of the Greek economy by 1-1.5 percentage points compared to the initial forecasts, ICAP CRIF states in its analysis. The protracted war in Ukraine, the intense inflationary pressures and the surge in energy costs, again create multidimensional problems in the market, creating intense concern and anxiety in the business world.
Greece to issue new 7-year bonds
The opening of the offer book for the re-issue of a 7-year title is simply just a matter of hours. Greece is sending an invitation with the aim of raising an amount of 1.5-2.5 billion euros. Conditions are the best possible, given the international turmoil. Conditions were considered appropriate after the two upgrades of the Greek economy by the rating agencies (Apr. 2022 S&P to BB +, March 2022 DBRS to BB high), the improved deficit of 2021 by Eurostat and the contribution of the French elections to the international climate.