The Greek Economy's Four Lines of Defense Against International Bond Market Turmoil
7 Articles
7 Articles
High primary surpluses, a cash cushion of 32 billion, successive early repayments of public debt, credit rating upgrades and growth rates that remain almost double the eurozone average, the four main advantages
The Greek economy has four strong lines of defense against international turmoil in bond markets. At a time when rising borrowing costs and concerns about the fiscal situation of major European economies, as well as the US, are causing strong market turbulence, the safety net of the Greek economy is limiting the shocks The safety net of the Greek economy The high primary surpluses, combined with the cash cushion of 32 billion
Greece borrows cheaper than France and Italy, but the numbers reveal a dangerous reality. Oil is over $114, Greek bonds are at 4.4%, the foreign trade deficit is widening and the Bank of Greece is predicting significantly lower growth and investment than the government. How resilient is the Greek economy really […] The article Scary bell for the Greek economy: Inflation 5.1%, debt 356 billion and the big trap behind the four “lines of defense” a…
The international turmoil in bond markets is bringing the resilience of European economies and the cost at which they can borrow from
Primary surpluses, a cash reserve of 32 billion euros, early debt repayments and growth are shielding Greece from the turmoil in bond markets.
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