
The presence of the European Central Bank in the Greek bond market will continue until the end of 2023, regardless of what will be decided for the emergency bond market program of the pandemic (PEPP).
According to ECB Governing Board member Philip Lane in an interview with Reuters, the ECB will reinvest the bonds in its portfolio under the PΕPP program, which expire at least by the end of 2023.
“Consequently, there will be a sufficient presence of the ECB in the Greek bond market through the pandemic program (PEPP), regardless of what will happen with the regular program of buying bonds APP (Asset Purchase Program)” as he stated characteristically.
Greek bonds participate in the PEPP program but not in the APP program, as Greece does not have the required creditworthiness.
Guarantees
In general, as the ECB official explains, ensuring favorable financial markets favors the bond market as a whole, and the benefit is not limited to bonds purchased by the Central Bank.
According to Mr. Lane, the participation of Greek bonds in the pandemic program was quite an important development, as the risk of recession was quite high due to the crisis caused. In this context, the PEPP program worked effectively.
He declined to comment on whether the ECB plans to increase the APP program after the pandemic program is completed in March 2022.


Latest News

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece