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New bid to curb Covid-19 raises demand for more economic support
PoliticsGreek Politicson the national health system has also increased, with a record 114 patients intubated in ICUs across Greece... the support package it has put together for the economy. Announcements are expected at the start... economy is expected to reach 11 billion euros this year. Almost 8 billion euros has come through tax
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Greece to enter second lockdown as govt faces criticism over 'total failure'
PoliticsGreek PoliticsTV that Mitsotakis was due to announce a second national lockdown. While the government has tried... for the inevitable second wave. In addition, the government has been criticised for opening the country’s... on allowing religious services and exempting priests from wearing masks has come in for particular criticism
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Newsletter 272 -06/11/2020
has tried to paint a picture of competent management of the pandemic, the last few weeks have made... of preparation for the inevitable second wave. In addition, the government has been criticised for opening... that Greece has been severely impacted by the pandemic due to its reliance on the services sector
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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
Economy’ from ‘B1’, while it kept the outlook stable. Moody’s, which has its own rating scale, had... the challenges in absorbing EU funding, given Greece has failed in delivering on public investment funds and private investment has been weak. Moody’s anticipates Greek debt exceeding 200 pct of GDP, before
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Bridge scheme activated as banks look to avoid second-wave NPL increase
EconomyBankingeligible individuals, has been activated as part of a number of mechanisms to relieve pressure... to extend payment moratoria has been put forward to the SSM, though reports in the Greek media have... since the start of the pandemic. Up to the end of October, doValue Greece has settled 43,000 loans
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Revised 2021 budget sees bigger contraction, slower recovery and support of 31.4 bln euros
EconomyMacroeconomyrising by 1.7 pct. For next year, growth has been trimmed significantly, now coming short of 5 pct... On the fiscal front, the combined package to support the economy from the impact of pandemic has increased... million; and the subsidy of mortgage payments for the Bridge programme, which has a 280 million euros
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Athens displeased with EU Council outcome, faces pressure for talks with Turkey
PoliticsForeign Policythough President Recep Tayyip Erdogan has been responsible for Berlin’s inability to constructively mediate in the Greek-Turkish crisis, which aimed to de-escalate tensions in the East Med. This has... Customs Union even though the European Commission has a special report on this issue. In the case
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Parties clash ahead of budget vote, govt looks to ease holiday lockdown for churches
PoliticsGreek Politics, the government has tried to deflect criticism from SYRIZA by painting them as an irresponsible... in government – a position which has found some resonance among other opposition parties. In Tuesday’s debate... to a lesser degree compared to other groups. Church The government, meanwhile, has been forced to back
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Attention turns to economic activity, support measures as Covid-19 vaccine rollout begins
PoliticsGreek Politicsof more vulnerable groups, has generated some criticism, public figures have insisted... to continue being careful until the pandemic has subsided. Naturally, much of the public discussion... and “click and collect” purchases for the time being. It has been suggested that ministers will assess
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Structural considerations for a prosperous Greece
AgoraCovid is a shock to the Greek economy. The economic impact of the coronavirus pandemic has... has higher fertility rates than other euro zone countries). Further afield, Africa is the world’s.... Further, Greece has good average working hours per person employed, but it is behind in labor market
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