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
Rating agencies concur in improved prospects for Greece
The June 15 Eurogroup agreement that concluded the protracted second review of Greece’s programme became the catalyst for the three main rating agencies to update their ratings, or the outlook, for the country.
Moody’s was the first to update Greece’s creditworthiness in its scheduled review, upping the rating by one notch to ‘Caa2’ with an improved outlook from stable to positive.
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