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BoG stresses more work needed on NPE reduction, pushes bad bank idea
EconomyBankingfrom this transaction, the reduction was 1 billion euros, mostly led by 600 million euros in write
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OECD releases new outlook calling for sustained reforms post Covid-19
Economy. If these measures are implemented, the OECD anticipates that they would increase Greece’s GDP growth by 1 percentage
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Newsletter 259 -24/07/2020
Greece’s GDP growth by 1 percentage point by 2030. Increased productivity would raise the overall living
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Athens hoping for de-escalation in Aegean as it seeks pension backpay solution
PoliticsGreek Politicsit will be about 1 billion euros lower.
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Deposits rise by 448 mln in June
EconomyMacroeconomyby 1 billion euros. On the other hand, time deposits fell by 854 million euros. The latest deposit
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General govt primary cash deficit at 5.48 bln in June as tax revenues fall
EconomyMacroeconomy), extrabudgetary funds (+24 million) and SSFs (+1 million). Drops were seen in tax refunds (-91 million
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Newsletter 261 -07/08/2020
) and SSFs (+1 million). Drops were seen in tax refunds (-91 million) and state budget (-3 million
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Banks step up securitisation drive following pandemic interruption
EconomyBankingon the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1
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Industrial production down by 4.9 pct YoY in May but picks up from previous month
EconomyMacroeconomylargely by a 17.6 percent decrease in the mining and quarrying index, followed by a drop of 1 percent
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Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
PoliticsGreek Politicsto issue its decision before the payout is made. Around 1 million pensioners are due to receive
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