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MoF to announce measures for safeguarding businesses impacted by COVID19
Economythe surplus calculations. It is hoped that the country’s European partners will grant some leniency... be put to use to compose a picture of the virus’s overall impact once the outbreak subsides...) has proposed a set of measures to deal with the virus’s impact, especially on small and medium-sized
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More restrictions on way as Athens revels in ECB decision
PoliticsGreek Politicsbond yields, which started falling again after several days of considerable rises. The ECB’s decision was met with considerable excitement in government circles. Sources at the Prime Minister’s Office... that the conversation had a direct impact on the ECB’s decision to apply a waiver on Greek bonds, which have
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PM calls for unity as opposition reacts to decisions on health, labour
PoliticsGreek Politicsand the fight against the coronavirus, which he labelled the country’s current “enemy” and a “common... on several occasions during the country’s modern history. “The sooner that the small and big... Tsiodras, most of them have other, underlying conditions. During Tuesday’s briefing, Tsiodras
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Greece braces for recession, hopes to bounce back from summer onwards
Economyonwards, meaning that Greece’s most vital sector, tourism, would suffer a huge blow. Since March 10... standstill in Europe ending in H1. On the debt front, Scope indicates that Greece’s inclusion in the European Central Bank’s emergency PEPP asset purchase scheme should reduce the previous risk premium
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Mitsotakis urges EU to act after European Council stalemate
PoliticsGreek PoliticsAs expected, Thursday’s European Council did not lead to a decision on further extraordinary measures to support Europe’s struggling economies, leading to Greek Prime Minister Kyriakos Mitsotakis... during Thursday’s teleconference. The Eurogroup has now been given the task of coming up
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Officials monitor new Covid-19 outbreak, extend school closures
PoliticsGreek PoliticsTsiodras, the professor leading Greece’s response to Covid-19, along with Deputy Civil Protection... outbreak would cast a different light on Greece’s efforts to limit the spread of the disease. Athens... ministry receives from the experts leading Greece’s response to Covid-19. One of the key issues
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Greece heads back to markets with 7-year bond in bid to boost own funds
Economythe pandemic’s appearance, the situation has changed dramatically as the economy has come to standstill... like to take their time before using the ESM’s available tools as the negative experiences... servicing. The approval of Greece’s creditors is required before these funds can be tapped. Greece
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Greece clinches attractive yield for 7-year bond amid testing conditions, diminished interest
Economyby the pandemic, something that Poul Thomsen, the head of the Fund’s European Department, and former head of the IMF’s mission to Greece, attributed to the high dependency on tourism, sectors such as shipping... of 263.4 basis points. Greece’s new issue matures on the 22nd of April 2027 and has a coupon of 2 pct
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ND hopes economy will pick up as second stage of lockdown easing begins
PoliticsGreek Politicsthat in Greece’s case, the fiscal cost of the pandemic this will reach 12.6 billion euros, or 6.9 pct of GDP... period. Friday’s Eurogroup arrived at an agreement on the credit line that will be made available... rekindle fears of Greece entering a new bailout era. Following Friday’s meeting, Staikouras indicated
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Turkey ramps up rhetoric, Greece strengthens presence at Evros border
PoliticsForeign Policyof crossing into Greece. Turkey’s Foreign Minister Mevlut Cavusoglu’s statements in an interview with Akit TV fuelled these concerns. The Turkish minister noted that Ankara’s “open borders” policy... with a joint declaration which denounced the “ongoing Turkish illegal activities” in Cyprus’s exclusive
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