As the headlines in Greece continue to be dominated by the government’s response to the pandemic and its economic implications, New Democracy’s handling of other issues is starting to come under fire once again.
Net deposit movements in the Greek banking system were positive by 1.43 billion euros in April, dropping from inflows of 1.43 billion in March, Bank of Greece (BoG) figures revealed on Friday.
Credit movement in the Greek private sector increased by 0.3 percent in April, from a rise of 0.1 percent in March, Bank of Greece (BoG) figures showed on Friday.
Greece’s retail sales index fell by 1.5 percent in March from a slower increase of 3.6 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
The European Commission has presented its proposal for a recovery fund to help EU countries stimulate their economies and overcome the impact of the coronavirus.
The Greek government, which stands to gain up to 32 billion euros in grants and loans from the Recovery Fund proposed by the European Commission, continues to keep the re-opening of the tourism sector at the top of the its agenda.
Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
A study by the Washington-based think tank, the Tax Foundation, has found that Greek families pay among the highest rates of tax out of OECD member states.
The second episode in our new podcast series looks at how the Greek tourism industry is faring amid the turbulence caused by the coronavirus.