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PDMA highlights improving debt profile, targets 8-12 bln in new issues for 2021
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BoG insists on need for bad bank, sees EU funds boosting recovery from 2021
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
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PMI rises to 50 points in September, signalling stabilisation
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Greece draws strong interest, attractive yield by re-opening 10-year bond
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Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
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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