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Greece

The Great Greek Anomaly: Bloomberg Hails Country's Coronavirus Response

Greece is the “one noticeable – and perhaps surprising – exception” to a trend of poor leadership exposed by the coronavirus epidemic, according to an op-ed in Bloomberg on Friday. “The government imposed severe social distancing measures at a much...

Bloomberg Says Greek Economy Among "Most Miserable" in the World

  The Greek economy remains among the five most difficult economies in the entire world, according to Bloomberg survey published on Thursday. Despite official declarations that Greece has exited its ten-year crisis, Bloomberg finds that only Venezuela, Argentina, South Africa and Turkey...

Bloomberg: 'Central Bank of Greece To Cut Bad Debts of Banks in Half'

  The Central Bank of Greece is working on a plan to cut in half all the bad debts that burden  Greek banks, according to a news report published by Bloomberg on Tuesday. This move is expected to strengthen trust in...

Bloomberg: 10 Steps Road Map for Greece to Exit Bailout Program in August

Greek Prime Minister Alexis Tsipras and his MPs keep repeating that the completion of the bailout program in August will mark the end of the memoranda that caused so much suffering to the Greek people. However, there are those who...

Bloomberg: Greece Puts 11 Billion Euro Investments at Risk

Two of Greece’s biggest projects -- together valued at about 11 billion euros -- have stalled on bureaucratic and legal wranglings, raising questions about the country’s ability to draw investments, says a report in Bloomberg. The report focuses on two...

Bloomberg: European Central Bank Unlikely to Include Greece in QE Soon

The European Central Bank is unlikely to include Greek bonds in its quantitative easing (QE) program for the foreseeable future, a Bloomberg report says. The ECB decision is based on the reluctance of European creditors to offer Greece substantial debt...

Bloomberg: Chinese Tourists to Greece will Increase Tenfold

The number of Chinese tourists visiting Greece will rise tenfold, said Fosun Senior Vice President Jim Jiannong Qian, according to a Bloomberg report. Fosun International Ltd., a Chinese conglomerate involved in the venture to transform the former Athens airport site into...

Bloomberg Report: IMF Not Convinced Greece Can Keep Up 3.5% Surplus

The IMF is doubtful that Greece can sustain the primary surplus it achieved in 2016, nor is it convinced that the country can keep up a figure that is seven times higher than its bailout target, as reported by...

Bloomberg's Misery Index: Greece Ranks 4th Again, While Venezuela Stays On Top

Greece comes in fourth place on the Bloomberg's misery index, followed by Turkey and Spain. The "misery" calculations are based on inflation and unemployment perspectives. Venezuela tops the list for the third year in a row where both financial and...

Bloomberg: Greece has Only Completed 1/3 of Bailout Prerequisites

Greece has now completed almost two-thirds of its bailout prerequisites, as the Greek government conceded in a memo discussed between Finance Minister Euclid Tsakalotos and creditors in Brussels, Bloomberg said. The memo has not been made public. Even though Athens...

'Athens Stock Exchange Trails Only Nigeria and Venezuela,' Bloomberg Report Says

Greek bonds and stocks did not gain after the latest bailout program review and uncertainty prevails over the second review scheduled for September, Bloomberg says. According to the report, investors stay away from Greek state bonds and stocks, thereby making...

Bloomberg: Tsipras' Tax Hikes May Dampen Start-Up Economy

Bloomberg's article, titled "Greek Startups Say Tsipras' Taxes Are One More Reason to Leave," states that a new round of tax increases may be "the last straw for fledgling companies with dreams of making it big." The article interviews a...

Bloomberg: Greek FinMin Admits Grexit Still on Table

Greek Finance Minister Euclid Tsakalotos said that Greek bonds will soon be eligible for the European Central Bank's asset-purchase program, in an interview with Bloomberg. He pointed to the benefits of this, including the gradual recovery of investor confidence. Greece...

Bloomberg: IMF Is Right to Want Greek Debt Relief

The editorial board of Bloomberg news agency co-signed an opinion article, titled "The IMF Is Right About Greece." The article justifies the International Monetary Fund's indirect threat of leaving negotiations if debt relief is not given to Greece. "The IMF's...

Bloomberg: EC Leaks a New Memorandum for Greece

A draft proposal by the European Commission to break the deadlock on a new debt deal for Greece was leaked on Saturday, ahead of an emergency Eurogroup meeting of Eurozone finance ministers on Monday. The leaked report calls for...