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On August 20, Greece withdraws from the assistance program. The 9-year crisis reduced the Greek economy by 25% and forced the country's authorities to take unpopular measures of tough economy. After leaving the assistance program, Greece intends to return to normal life, restore its economic sovereignty and hopes to again gain access to the international debt markets. At the same time, the state debt of Greece is the highest in the eurozone - 180% of GDP, Greek banks keep huge problem loans in their portfolios. Nevertheless, the Greek economy is showing growth for the 5th consecutive quarter. Its growth rate reached 2.3% in annual terms. Unemployment fell to 19.5% from a peak of 28%.
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
The Bank of Japan (BOJ) on Wednesday offered ¥8.28 trillion ($77.74 billion) in loans to financial institutions under its first phase of its new lending program. The move came in a bid to transfer funds to firms that have been heavily ...
Tuesday morning saw the price of gold in Asia, effectively offsetting a number of its losses from a session before. The reported climb recorded after the U.S. Federal Reserve moved to buy individual corporate bonds through the secondary market ...
The British Pound Sterling recovered from a two-week low after the Bank of England (BOE) announced that it had decided to maintain the size of its bond-buying program. The UK central bank had previously slashed its benchmark interest rates ...
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