BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
PM unveils 'Greece 2.0' plan to use EU recovery funds, transform economy
Greek 30-year bond attracts strong demand at attractive yield
Finance Ministry grapples with escalating cost of pandemic
Pandemic drove 28.4 bln of bank loans into moratorium last year
Fitch keeps Greece at 'BB' rating as risks remain on horizon
Demand for hospitals' reserves raises concerns about govt's liquidity position
Fresh concern about the government’s liquidity position have been raised after the Health Ministry sent a letter to hospitals on April 21 demanding that they transfer their cash reserves to a special account at the Bank of Greece (BoG).
The ministry request urges hospitals to implement a legislative act of 2015, which required general government bodies to transfer the cash they hold at commercial banks to a segregated account at the BoG. The letter asks for the relevant amounts to be t...
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