Greece recovery to build up steam

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"We have promised to prevent a euro exit for Greece, and we managed that. We promised to leave the recession behind us, and we are just about to fulfill that promise."
 -Antonis Samaras, Greece Prime Minister


After months of drawn-out negotiations the European Commission, the ECB and the IMF also known as Troika, managed to agree with Greek government on the next instalment of the nation's massive bailout. The latest agreement clears the way for another payment of loans totalling 10.1 billion euros. The sum is vital for the highly-indebted Greece, as the government will have to repay billions in maturing government securities at the end of May. Greece Prime Minister Antonis Samaras, however, refused to give any details, as he was pleased by the fact he managed to finish debates just in time before May's European election. Nevertheless, he managed to announce a reduction of social security contributions starting from July, a move that was intended to provide additional boost to the labour. The latest reforms will be aimed at almost all sectors of the Greek struggling economy, starting with taxes on foodstuffs to fixed prices on books and up to sales restrictions on drugs from other countries.

Another positive news for Greek economy is the first bank bond sales since 2009. Piraeus Bank SA managed to sell 500 million euros of bonds, while Infrastructure Minister Michalis Chrisochoides promised that country will sell its debt for the first time in more than four years before May. The nation's government securities have gained 18% this year through March 17, posting the biggest hike among 15 Eurozone debt markets tracked by Bloomberg.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.