Moody’s praises Athens-creditors deal; sees 2.5% primary budget surplus for 2017; 1.5% GDP growth

5 May 2017
795 Views

Moody’s on Thursday weighed in on the ongoing debate over the Greek debt issue bedeviling the IMF and the country’s European creditors, referring to heightened possibilities of an agreement for debt relief, while also praising this week’s preliminary agreement – which is expected to lead to a conclusion of the second review of the Greek bailout program.

According to the international credit ratings service, if Athens and its lenders agree over a new package of measures to ensure the Greek debt’s sustainability then the country’s credit rating will be boosted.

Moody’s said one of the positive results from this week’s agreement to conclude the review is that a scheduled loan tranche will be disbursed by creditors as planned, allowing the Greek government to cover state bond maturities and other obligations in the coming months.

Finally, the firm forecast that the Greek state’s primary budget surplus for 2017 and 2018 will hover at 2.5
percent of GDP, while putting GDP growth at 1.5 percent for 2017, as opposed to a target of 2.5 percent.

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares18 views
GREECE
shares18 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares31 views
FINANCE
shares31 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares23 views
FINANCE
shares23 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.