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Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
EconomyMacroeconomyexpects this year’s recession at 8.2 pct, which is way off the 4.7 pct baseline recession scenario... to September this year, it would shave off 3 percentage points of the growth to 4.5 pct
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Newsletter 272 -06/11/2020
adopted softer measures were paying off. The PM said he hoped the new lockdown, which is due to end... the first, the more adverse scenario of a GDP contraction of up to 10 percent is not off the table
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Govt struggling to keep coronavirus threat at bay
PoliticsGreek PoliticsAn uptick in the number of Covid-19 cases and deaths after a brief lull looks likely to put off any plans to end the national lockdown on December 7 as the opposition piles more pressure... with off-road motorcycle riders during their outing and took photos with the group in which
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Newsletter 276 -04/12/2020
with off-road motorcycle riders during their outing and took photos with the group in which... to material risks that could throw the baseline scenario off track. Of the total stock of 339 billion
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PM dismisses possibility of snap elections, sets out vaccine flow
PoliticsGreek Politicson, opinion polls have suggested that some of ND’s lustre has worn off and the public’s confidence in its...-right party, though, this is exactly why the believe that the prime minister would be better off
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Challenges piling up for govt as spokesperson departs
PoliticsGreek PoliticsThe difficulties faced by the government are piling up as Covid-19 continues to be a threat to public health and finances, the stand-off over the hunger strike of terrorist Dimitris Koufodinas... that this stand-off could become damaging for New Democracy.
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingPiraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising from Covid and one-off loan securitisation losses. The bank offset this news with the announcement... for the year came to 1.32 billion euros, with one-off initiatives and provisioning related to Covid
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EU Commissioner's visit to islands highlights divisions over management of migrant centres
PoliticsGreek Politicsfor the migrants to be moved off the islands, the government has come up against strong local opposition from... at the press conference which rounded off their visit to the islands, Mitarachi firmly denied
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SYRIZA targets middle class with own plan for post-pandemic economic rebound
PoliticsGreek Politicsbased on one-off liquidity injections for struggling businesses, with the state subsidising loans... off the ground following the pandemic. Middle class The opposition leader insisted that the exclusion
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Govt talks up benefits of pension reform as Delta variant concern grows
PoliticsGreek Politicsby the government will lead to pensioners being better off financially in the future. As opposed... better off, without burdening current workers and retirees. Delta variant The government was hoping
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