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Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
Economyof the baseline scenario would have reached 10 pct, essentially the government cushioning half of the possible... following the closures. The overall support package is 10 pct of GDP, including the various state... was accordingly raised by 5 billion euros on April 2, following the Eurogorup decision to waive the fiscal
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Covid-19 fears start to wane as concerns about economic impact grow
PoliticsGreek Politicssupporters and nine in 10 Movement for Change (KINAL) voters. SYRIZA’s performance garnered... businesses will survive another recession – a contraction the government expects to be close to 5 pct in its baseline scenario, although the European Commission expects it to be closer to 10 pct
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Newsletter 256 -03/07/2020
in 2019. Until fairly recently, the purported target for this year was 10 billion euros in receipts from... closed. This translates into activity at roughly 10 percent of last year’s Greece has opened its... followed by SYRIZA with 24 percent, with KINAL a distant third with 5 percent. BoG highlights Covid-19
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Concern over ICU capacity, support for business generate pressure for ND
PoliticsGreek Politicsreaching, if not exceeding, 10 pct. Greek banks are also revising their forecasts. National Bank... recovery to exceed 5 pct. The regions currently considered to be in the highest risk zones... (EBEA) eight in 10 report a drop in sales, while 65 pct find the support measures of the government
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingto pay 10 percent of their regular payment with the programme’s duration set at nine months... loans would reach 5 billion euros. However, as the second, harsher wave grips the country, the concern is that bad loans could inflate to between 10 and 20 billion euros. The 20 billion euros
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Updated IMF DSA sees Greek debt as sustainable in medium-term, risks over long-term
EconomyMacroeconomyand privatisation proceeds are estimated at 2.7 billion euros over the next 10 years, both estimates broadly... 5 billion in 2020 and 12 billion over the 2022-25 period, which includes the 15.7 billion...) remain below 15 pct of GDP over the ten-year projection period, averaging 10 pct annually, higher than
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Banks tout ambitious NPE plans to return to European mainstream
EconomyBankingsees its NPE ratio at 5 percent by the end of 2022, with NBG planning to reduce its ratio to 6... percent NPE ratio in the medium-term, while Alpha Bank will also be below 10 percent by the end... the pandemic. Stournaras on Wednesday estimated that new NPLs in 2021 will amount to 8 to 10 billion euros. Yet
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General government debt rises to 205.6 pct of GDP in 2020
EconomyMacroeconomyeuros, an increase of 10 billion euros from the year before, according to the first notification..., a 10 million-euro increase from 2019. The primary deficit, which excludes interest payments, came...-programme monitoring. General government investment – or gross fixed capital formation – came to 5 billion
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Opposition to vaccines hardens, revealing deep rift in public attitudes
PoliticsGreek Politicsare fully vaccinated. Around 164,000 appointments were booked in the last 10 days for first doses... proportion (3 pct) cited general opposition to vaccines. Almost 8 in 10 unvaccinated respondents said... vaccination was cited by only 5 pct of vaccinated respondents as the reason for getting the shots
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Greek bond yields edge up as PEPP winds down
Economyfelt across the yield curve, with maturities between 5 and 10 years. The 5-year has gone up to 0.38... Management Agency (PDMA). However, the 2022 budget provides a ballpark figure of 10 billion euros
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