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  1. EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021
    Photo by MacroPolis

    Economy

    next year. The EU economy is expected contract by 7.5 pct and grow by 6 pct in 2021. For Greece... recovering by 5.1 pct in 2021. Private consumption is seen falling by 4.1 pct, public spending to grow by 1

    16%

  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... the ESM is ready to grant loans from June 1, the chances of Greece tapping the credit line at this stage

    16%

  3. Outdoor gatherings with hint of protest raise concerns over relaxation of lockdown
    Photo by MacroPolis

    PoliticsGreek Politics

    of Aghia Paraskevi in northeastern Athens late into the night on May 6, prompting a police response... earlier than the scheduled date of June 1, in order give an outlet to the crowds congregating in public

    16%

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

    PoliticsGreek Politics

    to take tests. City hotels are due to open on June 1, while seasonal hotels are expected to open... earning minimal revenues, the newspaper reported. VAT on hotel stays is expected to drop to 6 pct

    16%

  5. ECB boost for Greek debt as authorities ponder new market foray
    Photo by MacroPolis

    Economy

    benchmark yield climb close to 4 pct in mid-March. It had been trading at below 1 pct for most... fell to around a third from the 19 billion it received in January, fetching under 6 billion euros

    16%

  6. Development model questioned again amid reaction to luxury resort go-ahead

    PoliticsGreek Politics

    and 500 in the operational phase of the project, bringing over 1 million euros in taxes and levies... percent of the vote. Smaller parties led by KINAL all poll well below 6 percent. Two in three

    16%

  7. 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

    16%

  8. GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final... of 6 percent was expected in 2021, lower than the forecast of 7.9 percent in spring. The OECD has

    16%

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

    EconomyFeatures

    in the residential sector contributed over 10 percent. Those figures shrunk to 5 percent and less than 1..., followed by Turkish nationals who make up around 9 percent and Russian nationals with 6 percent

    16%

  10. Hoping to deflect criticism, ND bolsters stimulus package ahead of new lockdown
    Photo by MacroPolis

    PoliticsGreek Politics

    The government is adding an extra 1 billion euros to the amount it plans to spend on the latest stimulus package, which it hopes will cushion some of the economic impact of the new national lockdown... to more than 6 pct of the country’s GDP, compared to an EU average of 4 pct of GDP. He also noted

    16%