Greece
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Christos Staikouras

Greece Raises $3 Billion by Reissuing 5-Year and 30-Year Bonds

Greek Finance Minister Christos Staikouras announced the successful reissue of Greece's 5-year and 30-year bonds. These bonds allow investors to invest in the Greek government's sovereign debt for the next 5 or 30 years, depending on which bond they...

Greece Raises $3.6 Billion from Five-Year Bond Issue

Greece has raised approximately 3 billion euros ($3.6 billion) after the completion of a five-year bond issue on Wednesday. Greek Finance Minister Christos Staikouras welcomed the successful raising of the funds, which came at an almost zero interest rate, setting a...

Greece Receives Boosted Credit Rating from Moody's

Moody's, the bond credit rating agency, upgraded Greece's credit rating on Friday, giving the country's market a boost amidst the Covid-19 pandemic. The country's rating went from a B1 to a B3, signaling the possibility of economic recovery in the...

Greece Says EU Economic Response to Coronavirus 'Satisfactory'

Finance ministers of eurozone countries agreed on Thursday evening to to make €500 billion ($547 billion) available "immediately" to stimulate the EU economy that is hit hard by the covid-19 pandemic. The decision came after hours of deliberation between the...

Greek Economy Expected to Contract by Up to Three Percent in 2020

Greek Finance Minister Christos Staikouras said on Thursday that the country's economy is expected to contract by between one and three percent in 2020 due to the coronavirus crisis. Speaking to Skai TV, he said he expected the impact to...

EU Scraps 3.5 Percent Surplus Target for Greece Due to Coronavirus Emergency

Eurozone finance ministers decided on Monday evening to scrap the primary surplus target of 3.5 percent of GDP for Greece this year in the face of the coronavirus pandemic. "Today's (yesterday's) decisions fully meet Greek positions and priorities," Finance Minister...