PMI rises to 50 points in September, signalling stabilisation
Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
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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