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
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
Moody’s upgraded Greece’s credit rating by two notches on Friday, taking it to ‘B1’, from ‘B3’ previously, with a stable outlook, from positive.
Contrary to expectations in September, Moody’s did not take any rating action and opted for a more cautious approach, as Greece was also amid discussions with its lenders to finalise the budget for the new year by avoiding the pre-legislated pensions cuts.
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