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  1. MoF to announce measures for safeguarding businesses impacted by COVID19

    Economy

    of the coronavirus. The first set of measures is expected to be announced on Monday to support business... of the control of a government. The issue is due to be discussed at the March 16 eurogroup. Support for businesses The support from the government will target three prefectures - Zakynthos, Achaia and Ilia

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  2. Government readies up to 2 bln in assistance for shuttered firms and employees
    Photo via www.government.gov.gr

    Economy

    support measures for the Greek economy, which will total roughly 2 billion euros. The measures... that the European Union is trying to make available for member states’ economies. In terms of support... staff because of the economic turbulence will not be eligible for state support. Staikouras also called

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  3. Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
    Photo by MacroPolis

    EconomyBanking

    of operations and transactions, while remote middle office options could support the branch operations... the coronavirus pandemic presents. He said that the bank had taken early action to support its clients... remains committed to fully leverage on its capacity to generate value, to serve and support customers

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  4. Greek government goes digital under lockdown, as more coronavirus clusters emerge

    PoliticsGreek Politics

    for more measures to support frontline healthcare workers, permanent hires in the healthcare system... the public interest and not profiteering”. He also described the government’s economic support packages as “a fraction of the giant programmes of the rest of the eurozone” and called for more support

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  5. PM offers vision of stronger post-pandemic Greece, as ND reaps approval in polls

    PoliticsGreek Politics

    contained an announcement of further support measures, specifically an emergency 400-euro supplement... of the government’s economic support package, Mitsotakis promised that, “the burden of the crisis... for reversing his position on the public health system and calling for more generous economic support measures

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  6. IMF sees 2020 GDP contraction at 10 pct, budget deficit at 9 pct due to virus impact
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyMacroeconomy

    to support the tourism industry, which is a key pillar of the Greek economy. The collapse of economic output, combined with increased spending to support the economy will tend to push Greece’s debt to levels... on loans from the European Stability Mechanism to support health spending or issue its own debt

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  7. Greece heads back to markets with 7-year bond in bid to boost own funds
    Photo by MacroPolis

    Economy

    of support measures that will likely need to be extended until June, as well as the collapse in revenue... will have to use some of its remaining cash to finance support measures but would rather avoid... be eligible for PEPP. Another set of ECB decisions that support the new issue are the lifting

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  8. Turkey continues Aegean jostling as Athens sends envoy to Syria, renews backing for Western Balkans
    Photo by Finnish Presidency of EU

    PoliticsForeign Policy

    as Athens looks to renew its presence in the Eastern Mediterranean and support for the Western Balkans... their “unequivocal support for the European perspective” of their Western Balkans counterparts... of Greek initiatives to support even symbolically the Balkan region during the Covid-19 pandemic

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

    PoliticsGreek Politics

    indicated that it will need further state support in the coming months despite claiming coronavirus-related subsidies for 70 pct of its staff over the last few months. Support measures The government is also lining up a range of other support measures for businesses, including those in the food

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  10. PBO highlights economic impact of Covid-19, calls for policies to mitigate damage
    Photo by MacroPolis

    EconomyMacroeconomy

    the combination of lower revenues due to the April lockdown and higher support expenditure for businesses... output capacity. The PBO notes that the first round of interventions to support loss of business... “the intensity and duration of the recession.” Specifically, any new measures to support

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