Eurozone public debt exceeds 100% for the first time (Eurostat)

Eurozone public debt topped 100% for the first time, standing at the end of the first quarter of 2021 at 100.5% of GDP, compared to 97.8% at the end of the fourth quarter of 2020, said on Thursday. , Eurostat, the statistical office of the European Union (EU). “At the end of the first quarter … Read more

Costa anticipates a billion in debt from Passos Coelho’s time

The Portuguese State went to the markets yesterday and paid earlier (repurchased, three years before the maturity date) a significant part of a ten-year Treasury Bond (OT) (about 25% of the total debt, almost 1 billion of euros), denominated in dollars, issued by the previous PSD-CDS government, of Pedro Passos Coelho, and whose associated interest … Read more

Help for municipalities: The illusory billion dollar plan by Olaf Scholz

Olaf Scholz (SPD) had chosen a provocative place for his advance. In the Willy-Brandt-Haus of all places, the Federal Minister of Finance announced his new rescue plan for the municipalities at the weekend. With this appearance in the Berlin SPD party headquarters instead of the Ministry of Finance, Scholz symbolically reinforced the social democratic handwriting … Read more

Universities and the private sector resign from the funds supervisory committee due to opacity in the handling of $ 2 billion | News from El Salvador

Representatives of the five civil society institutions that made up the committee to analyze the good use of the funds indicated unilateral decisions that leave them without reason. The opacity in the handling of $ 2,000 million in debt that the Government has guaranteed to acquire this year to face the crisis of COVID-19 is … Read more

Minister of Finance recognizes that departure of members of the supervisory committee will negatively impact country risk | News from El Salvador

The finance minister, Nelson Fuentes, however, said that “the page must be turned.” The country now pays interest rates of up to 14%, the official confirmed. The same Minister of the Treasury, Nelson Fuentes recognizes it: the withdrawal of the five members of the emergency committee that was discussing the good use of the $ … Read more

Bruno Le Maire: “The European Union is protection, not a problem”

The coronavirus will cause a “dizzying” economic crisis that will widen the differences between the North and the South of the Union, warns Bruno Le Maire, the Minister of Economy and Finance. If the 27 fail to pool the debt to finance reconstruction spending, the Union and the euro area will be doomed to disappear. … Read more