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  1. BoG warns pandemic will leave trail of bad loans, hastening need for new tools
    Photo by MacroPolis

    EconomyBanking

    bank notes that, according to its baseline scenario, the economy will shrink by 10 pct in 2020... to resume their role of financing the Greek economy. Combined with the funds that are expected to flow from

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  2. Fitch keeps Greece at 'BB' rating as risks remain on horizon
    Photo by MacroPolis

    Economy

    the confidence in the sustainability of public finances, despite the hit from the pandemic both on the economy and public coffers, and the associated risks to the economic outlook. With the economy having

    3%

  3. PM hopes for return to normality by summer, but vaccine progress remains slow
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    required to hit the target. With the Greek economy strongly dependent on tourism, the seemingly... as the cost of supporting closed businesses is beginning to leave a visible imprint on the economy. “We

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  4. Newsletter 283 -05/02/2021

    Newsletters

    , claiming inadequate economic assistance. Apart from being one of the Greek economy’s key employers... average. In its baseline scenario, the economy shrank by 10 pct in 2020, and will resume a growth path

    3%

  5. Govt counts fiscal cost as Greece heads for lockdown extension
    Photo by MacroPolis

    PoliticsGreek Politics

    billion, the primary balance deteriorates by 0.7 pct of GDP, and the economy slows down by 0.8 pct... that the economy would be operating normally, but the continued lockdown means that the actual number

    3%

  6. Govt unveils new Covid support measures amid growing public anxiety

    PoliticsGreek Politics

    on Skai TV on Wednesday, Finance Minister Christos Staikouras said the bill for supporting the economy... are praying for the economy to function safely as early as possible,” the minister said. The Finance

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  7. Govt prepares new round of economic relief as Covid remains a threat
    Photo by MacroPolis

    PoliticsGreek Politics

    to be winding down its economic relief now and focussing on the reopening of the economy and the tourism sector... programme holds the key to restrictions being lifted soon and the economy being able to flourish

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  8. Confusion over retail reopening puts govt on defensive
    Photo by Pavlos Svoronos/Fosphotos

    PoliticsGreek Politics

    and economic relief fronts, necessary for the economy to resume activity. The confused state of affairs... and various sectors of the economy, such as food service and catering, although critics have pointed out

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  9. BoG sees 4.2% recovery in 2021, re-emphasises need for bad bank
    Photo by MacroPolis

    Economy

    In the governor’s annual report issued on Tuesday, the Bank of Greece maintains its rather positive stance on the Greek economy, while it highlighted the challenges faced by the country’s banking sector. Despite the heavy economic contraction of 8.2 pct last year, the economy showed resilience

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  10. Mitsotakis defends pandemic handling, denies snap election plans
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    As opposition criticism mounts on all fronts, Prime Minister Kyriakos Mitsotakis has offered a defence of his government’s handling of the pandemic and the economy, while seeking one more time... if the situation had not improved by autumn. On the economy, Mitsotakis said the government would

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