Fitch maintains Greek 'BB' rating with stable outlook amid some lack of visibility
Economic sentiment stable in June, but consumer confidence drops
BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
Unemployment edges down to 16.3 pct in March as inactives approach 3.5 mln
Greece raises another 2.5 bln with reopening of sought-after 10-yr bond
IMF raises outlook on Greek debt sustainability to merely 'uncertain'
BoG sees 7.5 pct recession, EU funds boosting GDP by 1.9 pct annually
Speaking at an online event organised by a local think-tank, Bank of Greece governor Yannis Stournaras presented the central bank’s updated estimates regarding the impact of the pandemic on the economy.
Stournaras also outlined the potential benefits from the EU’s response to the crisis through the Next Generation EU funding and reiterated his view that another systemic solution is needed to help banks deal with the bad loans challenge.
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