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  1. ND focussed on keeping coronavirus numbers down in build-up to Greek Easter
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    are in critical condition. These numbers, which are better than those for most western European countries... a dramatic recession, Greece will soon need to turn to loans from the European institutions, leading

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  2. 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

    on loans from the European Stability Mechanism to support health spending or issue its own debt as the European Central Bank keeps rates low through the emergency purchase programme for the pandemic

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  3. Govt trails transition out of lockdown as training vouchers stir controversy
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    would be keeping a close eye on the measures trialled in other European countries... and opens up a potential route for embezzling state – and European - funds.

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  4. Travel balance more than double in Feb as arrivals increase by 24.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    percent to 381.90 euros. Travel receipts from the 27 European Union (EU 27) countries fell by 11.6 percent..., while non-European visitors rose by 22.2 percent to 339,400. During the first two months

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  5. Primary residences back in focus as Athens waits for recovery fund decision
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    Following another European Council teleconference during which no concrete decisions were reached regarding the coronavirus recovery fund, there is growing attention on the primary residence protection scheme, which is due to expire soon. The call between European Union leaders resulted

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  6. Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
    Photo by MacroPolis

    Economy

    The Greek Finance Ministry published on Sunday night the Stability Programme for 2020 that it submitted to the European Commission, providing the first official assessment of the economic impact... to the pandemic impact will cover 2020 and 2021 per the European Commission’s guidance. The Finance Ministry

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

    Economy

    The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession... to the Commission only last week in the context of the Stability Programme of the European Semester

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  8. Greece plans tourism reopening while waiting for EU guidelines
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    Pressure is mounting on the government to come up with a plan to reopen its tourism industry as the European Union is expected to issue a proposal on Wednesday for the phased restoration of free... the continent’s crucial summer tourism period. In a non-paper sent to the European Commission

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  9. Newsletter 250 -11/05/2020

    Newsletters

    Focus on tourism as lockdown eases Athens hopes guidelines from Brussels will help as govt plans to relax limits The European Commission provided a glimmer of hope for Greece’s tourism industry... by the Commission set out a level The European Commission’s guidelines on reopening the tourism industry

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  10. Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyBanking

    , the development of the bad bank is subject to approval from the government as well as European partners. Stournaras plans to present his bad bank proposal to the government and the relevant European authorities

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