Bloomberg: Russia defaults on external debt

According to Bloomberg, Russia has defaulted on foreign currency sovereign debt for the first time since 1918. Due to the sanctions imposed against Russia, which made payments in foreign currency impossible, there was a default on its external debt to foreign creditors, the newspaper writes. For several months, the Russian Federation has been finding ways […]

Greece: last tranche of IMF debt paid

Greece has repaid its debt to the International Monetary Fund, Christos Staikouras said. Greek Finance Minister Christos Staikouras, released yesterday, announced the full repayment of the debt to the IMF: Greece today completed the repayment of debt to the International Monetary Fund. This redemption is known to have been started, continued and completed by the […]

The borrower achieved a “debt haircut” of 63,500 euros

“Action is needed for borrowers hit by the economic impact of the pandemic, as well as growing “uncertainty about the future” and the collapse of the economy, over-indebted consumers with regard to repaying their debts and protecting their primary residence,” management said. Union of Greek Consumer Workers, trade union ΓΣΕΕ. The Association (Ένωση Εργαζομένων Καταναλωτών […]

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