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“A fundamental reform of EU fiscal rules is needed irrespective of the pandemic and the fiscal situation of EU countries in the years to come, and the reason is that current rules suffer from major shortcomings. The current rules are overly complex, unpredictable, relies on unobserved variables (output gap and structural balance) that are difficult … Continue reading Zsolt Darvas: Fundamental reform of EU fiscal rules is needed irrespective of the pandemic
• NPLs: Hercules asset plan passes EU health test • Mitsotakis says surplus could be used to help low-income households • Unemployment dips below 17 percent • Greece, Bulgaria finalise pipeline deal • Immigration: NATO chief backs Aegean patrol boost # The European Commission says Greek plans to slash non-performing loans do not violate EU competition rules. The … Continue reading Athens Digest 11.10.2019
• Negative yield at T-Bill sale • Greece slips further behind other euro zone members in competitiveness • Greek minister: EU, US oppose mass returns of Syrians to “safe zone” • Visiting its birthplace, Tusk voices concern over the future Democracy # A day after a historically low-yield bond auction, Greece’s T-Bill rate has turned negative. The Public … Continue reading Athens Digest 10.10.2019
• Greece’s raises EUR 1.5 billion on record low-interest bond • Budget differences narrowed with institutions, Greek officials say • Parliament backs probe against top former justice official • Tusk, Stoltenberg head to Athens # Greece has raised EUR 1.5 billion after reopening a 10-year bond issue to exploit historically-low interest rates. The yield from the latest market … Continue reading Athens Digest 09.10.2019