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  1. Athens expects emergency economic measures to contain 2020 contraction to 4.7 in baseline
    Photo by MacroPolis

    Economy

    environment, with the IMF seeing a global recession of 3 pct, a revision from the pre-crisis levels of 6... was accordingly raised by 5 billion euros on April 2, following the Eurogorup decision to waive the fiscal

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  2. ND hopes economy will pick up as second stage of lockdown easing begins
    Photo by MacroPolis

    PoliticsGreek Politics

    . It is estimated at 6 billion, 2.9 pct of GDP, for next year. Greece is below the euro area average... up to 2 pct of its GDP before the end of 2022, which for Greece means roughly 3.8 billion euros

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  3. Greece gears up to secure slice of smaller tourism pie this summer
    Photo by Yiannis Drakoulidis/Fosphotos

    PoliticsGreek Politics

    earning minimal revenues, the newspaper reported. VAT on hotel stays is expected to drop to 6 pct... to make use of up to 2 billion euros from the European Commission’s SURE programme to subsidise jobs

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  4. Opposition picks holes in latest measures to mitigate economic impact from pandemic
    Photo by MacroPolis

    PoliticsGreek Politics

    3.2 bln euros are guarantees and suspension of payments, while 2 bln euros will come from... to the lowest rate, 6 pct. Kathimerini reported that the Greek authorities are looking to set up

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  5. Govt and opposition stake out positions on pandemic impact measures
    Photo via https://www.syriza.gr/

    PoliticsGreek Politics

    income payment to almost 2 million qualifying households. The measure, which Tsipras described... includes a holiday voucher scheme covering up to 2.5 million people, 6 percent VAT on dining out (down

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  6. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    on the securitisation of the Phoenix portfolio worth 2 billion euros, with the senior notes in the region of 1... portfolio of NPEs, worth 6 billion euros, and expected to be completed early next year. According

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  7. PM seeks fine balance as he prepares to unveil latest set of fiscal measures
    Image via primeminister.gr

    PoliticsGreek Politics

    deficit that is expected to reach 6 pct of GDP this year. The budget will be based on the adverse scenario... and pushing to 2021 around 1.5 to 2 billion euros of deferred tax and social security payments

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  8. Greek housing market at new juncture as Covid-19 shakes foundations
    Photo by MacroPolis

    EconomyFeatures

    . It is estimated that the golden visa programme attracted upwards of 2 billion euros of foreign investment..., followed by Turkish nationals who make up around 9 percent and Russian nationals with 6 percent

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  9. Retail turnover drops by 3 pct in July for fifth straight negative reading
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    by the European Commission showed that consumer confidence deteriorated by 6 points month-on-month and came... Retail trade fell by 2 points month-on-month to -20.3 points, and worsened by 47.1 points year-on-year.

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  10. Newsletter 268 -09/10/2020

    Newsletters

    quarter of the year. Private consumption is seen dropping by 6 pct, investments by close to 11 pct... year came to a surplus of 2.78 billion euros. 2 Unemployment drops to 16.8 pct in July Number

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