OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
Greece braces for recession, hopes to bounce back from summer onwards
BoG sees broad economic impact from Covid-19, wiping out 2020 growth prospects
Govt extends 800-euro bonus, heralds loan payment holiday for individuals as well as firms
ECB makes Greece eligible for up to 12 bln in bond purchases amid market frenzy
Greek banks' equity raising could keep official support to a minimum
Following the disclosure of Greek banks’ capital shortfall by the ECB’s Single Supervisory Mechanism (SSM) on October 31, Greek banks submitted their capital action plans to the SSM last week to cover the emerging capital needs.
The first tier includes Alpha and Eurobank, with capital needs at the low end, at 263 and 339 million in the baseline and 2.74 and 2.12 billion in the adverse scenarios, respectively. The second tier involves National (NBG) and Piraeus, with considerabl...
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