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ESM report highlights programme weaknesses, outlines improvements for future bailouts
EconomyProgrammedrop in private investment in the absence of credit and demand, unemployment rose leading to a brain... in the adoption of decisions. Finally, a “strong and coherent framework for post-programme monitoring is needed
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBanking, interest remained strong from investors. In June, the National Bank of Greece (NBG) entered... recovery,” the bank said. In the first quarter of the year, BoG said that Greece’s banks noted a drop
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PM wants no strings attached to EU funds as ND juggles with public finances
PoliticsGreek Politicspackage is mostly driven by the reduction in the tax advance, which will drop from 2.4 billion euros... suggests that support for the government and prime minister remain strong, although easing slightly
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Newsletter 260 -31/07/2020
, the Greek navy is maintaining a strong presence in the Aegean. Greece views Turkey’s decision to step back.... According to the bulletin, the biggest drop in revenue was observed in property management with -71.3
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Data shows export market shake-up amid pandemic
EconomyFeaturesfrom 38th place. The drop in petroleum product exports and imports is linked to the decline..., Christina Sakellaridi, said “The significant increase recorded by France and the consistently strong
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Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct
EconomyFeatures, tourism remained a relatively strong source of income. However, the industry is highly seasonal and relies... tourism will come to 3.5 billion euros or just 2.5 percent of GDP. This represents a drop in tourism
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BoG warns pandemic will leave trail of bad loans, hastening need for new tools
EconomyBankingof international or national crises, the sharp economic drop will have an impact on banks’ asset quality... provisioning. BoG concludes with a strong message that “front-loaded recognition and resolution of NPLs
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Fitch keeps Greece at 'BB' rating as risks remain on horizon
Economypct. The agency then sees strong recovery in the coming two years on the assumption of successful... of 2019 GDP, leading to a deficit of 9.3 pct in 2020, expected to drop to 7.2 pct of GDP this year
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PMI rises to 50 points in January on hopes of vaccine roll-out
EconomyMacroeconomystrong overall. The closure of customers after strict coronavirus restrictions were put in place... demand, with a sharp drop in new export orders. There were still supply-chain disruptions in January
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Industrial production up by 3.3 percent in December
EconomyMacroeconomystrong overall. The closure of customers after strict coronavirus restrictions were put in place caused..., with a sharp drop in new export orders. There were still supply-chain disruptions in January
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