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BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
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PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
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Greek 30-year bond attracts strong demand at attractive yield
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Finance Ministry grapples with escalating cost of pandemic
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Pandemic drove 28.4 bln of bank loans into moratorium last year
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
Final structure of bank recap taking shape, cautious optimism for outcome
Despite indications that the government would reveal its decisions on the bank recapitalisation framework by October 21, discussions within the cabinet and with the mission chiefs continued throughout last week.
Since the European Central Bank’s Single Supervisory Mechanism (SSM) is expected to announce the Greek banks’ capital needs on October 30–31, the draft bill on bank recapitalisation is expected to be tabled shortly and voted on before the SSM disclosure.
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