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IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
EconomyMacroeconomyas the European Central Bank keeps rates low through the emergency purchase programme for the pandemic
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economyand the eurozone’s central bank accepting GGBs as collateral in its refinancing operations and TLTRO III
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Primary cash balance deficit at 326 mln in March
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 326 million euros in the first three months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year, excluding the financing of the cash buffer, showed a surplus of 840
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Mitsotakis to set out lockdown relaxation plan as ND scales back economic support
PoliticsGreek Politicspublic sector deposits at 10.7 billion and central government cash of 10.2 billion euros. Speaking
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Coronavirus to delay much of privatisation plan
EconomyFeatureswent into lockdown, the Central Archaeological Council (KAS), unanimously allowed the demolition of old
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General govt primary cash surplus down to 774 mln in March, arrears up by 195 mln
EconomyMacroeconomy(20.1 percent). Debt Central government gross debt rose by 4.83 billion euros month-on-month to 361.83
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Building permits increase by 64.3 pct in February
EconomyMacroeconomy). The smallest rises were seen in the Ionian islands (+33 percent), central Greece (33.3 percent
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Newsletter 250 -11/05/2020
underlying subcategories. Central government gross debt rose by 4.83 billion euros month-on-month
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Primary cash balance deficit climbs to 2.62 bln in April largely on revenue deterioration
EconomyMacroeconomyGreece’s central government primary cash balance recorded a deficit of 2.62 billion euros in the first four months of the year according to figures released by the Bank of Greece (BoG). The cash balance for the same time last year showed a surplus of 1.18 billion euros. The overall cash balance
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Opposition picks holes in latest measures to mitigate economic impact from pandemic
PoliticsGreek PoliticsOpposition parties have criticised the government’s latest package of measures to support the economy, suggesting that it is too weak an intervention and will lead to wage cuts for many employees. One of the central pillars of the package announced by Prime Minister Kyriakos Mitsotakis earlier
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