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  1. PM joins forces with some eurozone partners to lobby for "corona-bond"

    PoliticsGreek Politics

    population.” Greece now expects to slip back into recession as a result of coronavirus. Finance... and former finance minister Euclid Tsakalotos repeated his party’s long-standing position in favour

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  2. Govt augments support for businesses, workers as total outlay on economic boost reaches 6.8 bln
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    The government has announced a fourth wave of measures aimed at supporting struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain. Finance... to the finance minister, the cost of suspending tax obligations will reach 2.1 bln euros. The suspension

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  3. Newsletter 246 -03/04/2020

    Newsletters

    , Finance Minister Christos Staikouras set out a fourth wave of measures aimed at supporting.... According to the finance minister, the cost of suspending tax obligations will reach 2.1 billion

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  4. More fiscal measures, restrictions on movement mulled by govt as it rides high in polls
    Photo by MacroPolis

    PoliticsGreek Politics

    far. The Finance Ministry announced on Friday that businesses can now apply for a refund of the tax..., or 3.5 pct of GDP, although part of this is made up of European Union funds. The Finance Ministry

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  5. Banks look for way forward as economic shutdown takes its toll
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyBanking

    of up to 10 billion euros of cheap ECB liquidity via TLTRO III and finance the economic recovery... case was detected, the Ministry of Finance (MoF) reported that it had received its first application

    2%

  6. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    and subsequent corrective fiscal measures and targets. During an interview on Monday Finance... previous estimates of a more modest recession in the area of 4 pct. Alternate Finance Minister

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  7. Greece heads back to markets with 7-year bond in bid to boost own funds
    Photo by MacroPolis

    Economy

    will have to use some of its remaining cash to finance support measures but would rather avoid... is the one that the Finance Ministry decided to action, is to draw on Greece’s own resources via issuing new

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  8. Mitsotakis to set out lockdown relaxation plan as ND scales back economic support
    Photo by MacroPolis

    PoliticsGreek Politics

    tourism industry. Operating in a tight fiscal space, it is clear that the Finance Ministry would... round cost around 6 billion euros. Finance Minister Christos Staikouras told Parliament that Greece

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  9. Parliament re-opens for business amid calls for greater scrutiny
    Photo by MacroPolis

    PoliticsGreek Politics

    to resume. The government’s pandemic support package will also remain on the agenda, as the Finance... and scale of its economic support package, with former Finance Ministry Euclid Tsakalotos accusing

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  10. EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
    Photo by MacroPolis

    Economy

    . In its baseline scenario, the Finance Ministry sees the economy contracting by 4.7 pct, before... the Commission, as well as the Greek Finance Ministry, seen just short of 20 pct, recovering to 16.8

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