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Greece's post-lockdown hubris
Agora. But things were already starting to take a worrying turn, with the number of new cases gradually edging up... traced contacts made up 41 percent and untraced infections in the community account for just under 34... in squares began to crop up in the days before bars were allowed to open, largely attended by young people
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Pandemic's growing economic impact warrants extra support measures, funded by cash buffer
PoliticsGreek Politicson ND to come up with more assistance for afflicted businesses, particularly in the tourism sector... be funded from the existing reserves, rather than new borrowing. This appears to back up media reports... to 2.55 billion in 2019. Overall, receipts were 678 million up to June, compared to 5.41 billion last year
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Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis
PoliticsGreek Politicsfor a formula that would avoid Greeks who built up debts during the crisis losing their assets and being left... protecting primary residences from foreclosure expired at the end of July, the government came up... will end up at 8 pct of GDP, although other estimates put it at around 10 pct. The GDP data from
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PM seeks fine balance as he prepares to unveil latest set of fiscal measures
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis is building up towards his economic policy speech... for the government to come up with direct support measures to keep them afloat. The tourism industry... due to the pandemic. Initially, March and April obligations were frozen up to the end of August
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Banks remain largely profitable in Q2, with focus on NPL reductions
EconomyBanking2019. Total provisions account for 60.6 percent of NPEs, up by 610 bps YoY, taking into account... Bank said that no auctions had taken place in Q2 due to the pandemic. Up to the first half of 2020... of existing loans. According to eauctions.gr, around 320 properties were put up for auction last Wednesday
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ND clarifies plans for emergency health system capacity as public mood over Covid-19 sours
PoliticsGreek Politicsof the virus, up from just under a third in May. The behaviour of individuals is blamed by 44 percent now... to two thirds of respondents finding support for businesses and workers inadequate. Up to 38 percent are ready to blame the ND government for a recession, up from 7 percent in May. The survey also
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PM unveils 50 more ICU beds as Covid-19 death toll passes 500
PoliticsGreek Politicsin Athens on Monday as the government steps up its efforts to respond to the coronavirus challenge... by the economic crisis during the previous decade. Another of the government’s aims is to shore up... to this issue, up from just 15 pct in May. As a result, the ruling centre-right party is keen
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Insolvency bill debate brings implementation challenges to the fore
PoliticsGreek Politicsin it, with the option of buying it back after 12 years. Mortgage subsidies of up to 210 euros would also be made available to those entering the settlement scheme, for a period of up to five years. Reaction... that bottlenecks will begin to build up at justice of the peace courts which have no experience of dealing
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Latest market foray for 15-yr bond attracts strong investor interest with record low yield
EconomyBankingto proceed with another issue, the favourable market conditions that have shaped up as a result of the ECB’s asset purchase programme made up the mind of the Greek authorities to lock in the record low... with 7 pct. Fund managers once more took up the lion’s share with 61 pct, followed by banks with 17 pct
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Greece to enter second lockdown as govt faces criticism over 'total failure'
PoliticsGreek Politicsan exponential increase in cases leading to several Covid wards in Thessaloniki filling up in a matter of days..., over 1,000 people could end up in hospital over the next 10 days, while the 50 new ICU beds that were recently added in Athens could easily fill up in 3-4 days. The next three weeks will see
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