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  1. Newsletter 261 -07/08/2020

    Newsletters

    ) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million

    12%

  2. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1

    12%

  3. Industrial production down by 4.9 pct YoY in May but picks up from previous month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    largely by a 17.6 percent decrease in the mining and quarrying index, followed by a drop of 1 percent

    12%

  4. Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
    Photo by MacroPolis

    PoliticsGreek Politics

    to issue its decision before the payout is made. Around 1 million pensioners are due to receive

    12%

  5. Receipt losses near 5 bln in first six months as June tourism figures disappoint
    Photo by MacroPolis

    EconomyMacroeconomy

    the EU showed a decrease of 74.7 percent to 1 million. In total, arrivals showed a drop of 76.9 percent

    12%

  6. Greece grapples with second Covid-19 wave as cases soar
    Photo by MacroPolis

    Society

    and nurseries opened on June 1, a point at which the pandemic was still more or less under control. However

    12%

  7. Alpha Bank posts net profits of 98 mln in Q2
    Photo by MacroPolis

    EconomyBanking

    Ratio (LCR) stood at 112.5 percent at the end of H1. At the end of June, the Common Equity Tier 1

    12%

  8. Retail turnover drops by 6.9 pct in June, volume drops by 7.3 pct
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    rose by 1 percent. The latest business indicators for August published by the European Commission

    12%

  9. Trouble from Turkey prompts plans for extra defence spending after years of cuts
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    reports in the local media, the government is aiming to spend 1 to 1.5 billion euros on arms

    12%

  10. GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final

    12%