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Newsletter 252 -29/05/2020
funding. BoG’s range of forecasts for this year is 4.5 to 9.5 pct, with 6 pct recession being
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Govt and opposition stake out positions on pandemic impact measures
PoliticsGreek Politicsincludes a holiday voucher scheme covering up to 2.5 million people, 6 percent VAT on dining out (down
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BoG governor renews calls for launch of bad bank and ESM use
EconomyBankingfor near-zero interest funding. BoG’s range of forecasts for this year is 4.5 to 9.5 pct, with 6 pct
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingof 416 million on 486 million of total Q1 provisions. Core pre-provision income (PPI) fell by 6 percent
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Covid-19 lockdown, slump suppress electricity demand and edge out lignite
EconomyFeaturesthe energy shock triggered by the pandemic. The IEA predicted that energy demand will drop by around 6
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ECB boost for Greek debt as authorities ponder new market foray
Economyfell to around a third from the 19 billion it received in January, fetching under 6 billion euros
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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomy(+4 million). Drops were seen in tax refunds (-169 million) and SSFs (-6 million). At 29.6 percent
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EC trims 2020 recession forecast to 9 pct, but 2021 recovery also slashed
EconomyMacroeconomywas also revised downward by a substantial 1.9 percentage points, from 7.9 pct to 6 percent
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Newsletter 257 -07/07/2020
. The recovery was also revised downward by a substantial 1.9 percentage points, from 7.9 pct to 6 percent
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Approval of street protest law a potential source of political tumult
PoliticsGreek Politics, the same as last month. KINAL is also unchanged in third place on 6 pct. The most significant change
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