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
Government readies up to 2 bln in assistance for shuttered firms and employees
More than a quarter of a million firms affected by enforced closures due to Covid-19
Greece continues debt management with swap of bonds worth 30 bln
Greece’s Public Debt Management Agency (PDMA) announced on Wednesday that it was inviting holders of bonds that were exchanged as part of the Private Sector Involvement (PSI) in March of 2012 to swap them with five new securities that mature between 2023 and 2042.
Following a successful swap of one bond issue during the summer, the Greek government is continuing with the implementation of the liability management that was outlined in the draft budget tabled in Parliament last month.
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