Greece’s debt managers leveraged the positive sentiment after S&P’s revision of the outlook for Greek Government Bonds (GGB) to positive last Friday and issued a new 30-year bond on Wednesday, the longest maturity since the same issuance in early 2021.
The first wildfires of the season have put the Greek authorities on high alert, with the political leadership set to outline upgrades to the response mechanism in reaction to the catastrophic experience of recent years.
The European Central Bank published this week research, based on the ECB’s Consumer Survey, that analyses housing costs for the eurozone’s eleven largest countries which captures the rising housing spending, on expenditures related to rents or mortgages, home maintenance and utility bills.
After going through a really difficult time during the country’s long economic crisis, the Greek property market is booming, but that's creating a whole new set of problems.
Prime Minister Kyriakos Mitsotakis is due to appear alongside the head of the Church of Greece, Archbishop Ieronymos, later this week as New Democracy steps up its efforts to repair its relationship with right-wing voters ahead of this summer’s European Parliament elections.
In the context of the first Excessive Deficit Procedure (EDP) notification of 2024, the fiscal data for the 2020-2023 period was released by ELSTAT on Monday. The figures contained encouraging signals for the Greek authorities as the fiscal framework becomes tighter and Greece aims to achieve large primary surpluses in the coming period.
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