The pandemic exacerbated Greece’s demographic crisis even further, with deaths now outnumbering births, and with an undetermined, but by all accounts very high number of young adults having emigrated over the past 10 years of an economic depression in the country.
US President Joe Biden sent a letter to the Archbishop of America to thank him for his participation in the event organized by the White House to honor the 200th anniversary of Greek Independence and for his prayer that opened the celebration of his son of Easter (of the western churches) in the White House.
Greece’s debt stock will remain very high for a long time, but debt sustainability is underpinned by several mitigating factors, Fitch Ratings said in a new report on Monday. Greece’s general government debt to GDP rose to 207% of GDP at end-2020 from 181% in 2019 as a result of the severe shock to the country’s public finances caused by the pandemic. We expect the debt ratio to remain at this level this year before declining to 193% by 2022, the credit rating agency said.