S&P Sees Limited Impact on Greece from Any Likely Increase in Interest Rates

ATHENS — Any impact on Greece's finances from an increase in the country's borrowing cost will be limited, S&P said in a report on Tuesday.

In a report on "which countries are better and worse positioned to deal with an increase in interest rates", the credit rating agency said that Greece, along with the majority of the 18 developed countries included in the report, will be able to absorb the primary impact from an interest rate increase up to three percentage points (300 basis points).

More specifically, Greece's capital spending will be raised to 2.8% of GDP in 2023 from 2.5%, which is the base scenario if interest rates were raised by one percentage point and to 3.1% if interest rates were raised by three percentage points. Japan, the US and Portugal would see their capital spending to rise by more than one percentage point in 2023 under the base scenario, while Italy and Japan would pay more than 3.7% of GDP due to their high debt levels.


ATHENS - The Coordinating Center for Tourism China-Central and Eastern European countries (CEE) of the 14+1 Initiative has announced this year's Marco Polo Tourism Awards, in which Greek tourism received two important distinctions.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


SNF Dialogues: Modern Political Values, Ancient Drama (Video)

ATHENS - In today’s environment of omnipresent polarization, when even the most fundamental values of democracy are being called into question, ancient drama retains its power to catalyze reflection and discussion on political culture, SNF says.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.