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S&P upgrades Greece’s rating by one notch, sees compromise on pension reform by March
EconomyIn an unexpected move, S&P upgraded Greece’s rating by one notch to ‘B-‘ from ‘CCC+’ on reform progress with a stable outlook. The last time Greece was ‘B’ rated was also by S&P almost 12 months ago. The rating agency assesses that Greece broadly complies with the conditionality of the third
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NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
EconomyBankingmillion and goodwill write-off of 432 million) 2) One-offs of 138 million, with the bulk stemming from
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PMI drops for third straight month to hit one-year low of 48.3 in Nov
EconomyMacroeconomyduring November as the headline PMI slumped to its lowest level in one year.” “Weaker demand
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Moody's leaves Greece's rating unchanged, one notch from investment grade
EconomyDespite hopes that on Friday Moody’s would complete the cycle of granting the investment grade for Greece and the country would be rewarded by all rating agencies, it left Greece unchanged at ‘Ba1’, which is one notch below the investment grade, and kept the outlook stable. Last September, Moody’s
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After criticism over public sector jobs, gov't names new revenues chief
PoliticsGreek Politicsdoctors being forced to resign was raised. “Over the last year there has been no break with bad old... CEO Anthimos Thomopoulos to resign. The HFSF denied this was the case and Tsakalotos reportedly dodged..., initially resisted calls for her to resign but eventually stepped down. Revenues chief It was not until
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politics“second chance” directive, is one of the requirements of Greece’s creditors as part of the post..., servicers and the Greek state, around one third of which relates to individuals and the remainder..., the borrower would be relieved of any debt obligations, while the period is shortened to one year
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Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern
PoliticsGreek PoliticsGreece. In just one week, Greece recorded 472 new cases, which is 146 cases more than the cases..., the subsidy starts at 80 pct and ends up to 60 pct. All previous primary residence protection regimes... the speedy clearance of cases involving the previous primary residence protection scheme, known
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Controversial migration bill divides government factions
PoliticsGreek Politicsillegally, you only have one option, to return; you are not welcome”. The new legislation makes... persecution. Plevris also defended the decision to abolish the right to apply for legal residence... makes it easier for Greece to deport failed asylum seekers and restricts the right to residency
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Athens and lenders continue talks on outstanding actions, aiming to conclude by March 25
EconomyProgrammeis set to agree to the threshold for the maximum deposits an applicant can have being set at 30 percent of the residual mortgage. The maximum level of the residual mortgage was set at 130,000 euros in the government’s original proposal. The report also suggests that Greek authorities are set
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Newsletter 277 -11/12/2020
PM rebuffs Covid-19 criticism Mitsotakis defends govt stance but is forced to extend some measures until Jan After being forced to extend Covid-19 restrictions into January, Prime Minister Kyriakos Mitsotakis tried to defend this week his, and his gover...
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