Athens welcomes volume, form of Commission's pandemic recovery plan
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
S&P keeps Greece at 'BB-' but revises outlook to stable on Covid-19 concerns
Fitch keeps Greece at 'BB' but revises outlook to stable with eye on Covid-19 impact
Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
BoG notes economic progress, urges safeguarding of fiscal credibility
In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system. But it urged caution on the fiscal policy front after the recent round of expansionary measures and called on banks to focus on tackling the challenge of Non-Performing Exposures (NPEs).
Aside from the Greek lenders’ commitment to tackle problematic assets on their books, the central bank expressed its support for more systemic solutions that will assist banks dealing with the issue, such as its own plan of using deferred tax credits to...
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