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Newsletter 256 -03/07/2020
lead to the government coming under greater pressure to find fiscal resources for more support... was during the Junta in 1971”. The latest opinion poll conducted by Prorata suggest that support for New
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General govt primary cash deficit of 4.84 bln in May, arrears drop by 163 mln
EconomyMacroeconomyand came to 11.79 billion in May. Bank support was unchanged month-on-month at 320 million. Gg.... With bank support guarantees at 320 million as mentioned, the remaining total was split between non-gg
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Higher Covid-19 numbers spark concern as tourism sees little benefit from visitor arrivals
PoliticsGreek Politicsto avoid coming up with a substantial support package for the tourism sector later this year... is that the roughly 20 billion euros the government has set aside so far in the form of support measures
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Most businesses think two years needed to overcome Covid-19, expect more govt assistance
EconomyFeatures-pandemic levels and that they expect more support from the government. When asked about the impact... (67.8 percent), followed by liquidity (23.3 percent). The majority expected further support measures
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Clash over refugees in central Athens prompts warnings of far-right resurgence
PoliticsGreek Politics, the confrontations have revived the spectre of 2012, when Golden Dawn built up a groundswell of support in deprived... of the central government’s rush to remove support programmes for refugees, and its apparent lack of concern
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OECD releases new outlook calling for sustained reforms post Covid-19
Economyas being highly uncertain. Although the government has announced a support package, a second wave of the virus would require more support. This includes helping businesses to aid their workers
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Experts recommend extensive reforms to overhaul economy amid mixed reception
PoliticsGreek Politicsreforms to the justice system, education and social security, support for decarbonisation and renewable technologies, and the adoption of support mechanisms and incentives to reintegrate the unemployed
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomy. Bank support was unchanged month-on-month at 320 million. Gg entities were reduced by 32 million month-on-month, while non-gg entities rose by 33 million. With bank support guarantees at 320 million
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NBG results show net profits of 465 mln euros on strong income
EconomyBankingto support its clients through the pandemic through targeted payment moratoria measures and government support schemes. In addition, the bank was continuing to move forward with its transformation plans
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SYRIZA goes on offensive over Covid-19 and economic reforms, but internal rifts persist
PoliticsGreek Politicsfor losing the support of the middle class. The two men have come to represent the two main... that the party worked so hard to claim in the early years. Despite a slight deterioration in public support
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