Greece is now on the verge of market borrowing
Greece is now on the verge of market borrowing

Greece is now on the verge of market borrowing

According to the PDMA program, the Greek state will raise c.€ 12 billion this year.
RE+D magazine
05.01.2022

Greece is preparing for its first borrowing in the markets after the creditworthiness assessmentthat that will take place on January 14 by Fitch.

The international rating agency in a recent analysis argued that the latest decision of the ECB (to continue the Greek bond purchases until 2024) has significantly supported the sustainability of the country's public debt and significantly reduces the investment risk of Greek bonds.

Combining these two conditions, according to Fitch, will help keep borrowing costs low for the Greek government. The above are expected to be judged in practice during the first exit of the Greek State in the markets.

It's neen reminded that for the whole of 2022 according to the loan program announced by the Public Debt Management Organization at the end of December, the Greek State is expected to raise from those purchases around € 12 billion.