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S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
Economyand policies that will support investment. A slowdown in the eurozone, which is Greece’s main trading partner... resolute approach and, potentially, additional government support.” The Greek authorities recently got... notes. Additionally, labour reforms by the previous administration, which reintroduced national
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General govt primary cash surplus at 6.25 bln in September, arrears drop by 82 mln
EconomyMacroeconomymillion euros compared to the previous month. With bank support guarantees at 350 million as mentioned... to 12.15 billion in September. Bank support continued to remain static and came to 350 million euros. Gg
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Mitsotakis sets aside talk of next Greek president to meet Trump at White House
PoliticsGreek Politicsthe end of the month. In an interview with Sunday’s To Vima, Tsipras reiterated his support for current... is unlikely to support anyone other than Pavlopoulos, but centre-left KINAL might vote for the hopeful under... primary surplus targets to be reduced from next year. Although under its previous managing director
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PM gets no change out of opposition leaders on US trip, electoral law
PoliticsGreek Politicsthere is “actual support from our allies for our sovereign rights.” The SYRIZA leader’s comments came... is hoping to gather the support of 200 MPs, meaning he needs at least another 42 on top of New... and that KINAL has no intention of voting for the return of the previous 50-seat bonus
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Fitch raises Greece to 'BB,' two notches from investment grade, sees growth at 2.5 pct in 2020
Economysupport against refinancing risks. The stable political environment and signals of swift policy... unemployment, higher disposable income and the gradual reduction in primary surpluses that will support... last year. In its previous review last August, Fitch had noted that there was scope for positive
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Mitsotakis in bid to "square the circle" in EU budget negotiations
PoliticsGreek Politicsis expected to argue his case on the basis of the need to support cohesion. “Greece suffered a great loss... that, “we are asking for the European Union to support Greece at the level of cohesion to recover... funding at the same level as the previous period. The challenge is formidable, and government
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Ministry urges borrowers to apply for home protection before scheme expires
EconomyBankingassistance was also being provided via 44 information centres to support borrowers which operate... and answered by the platform’s support team. In addition, the MoF noted that it has requested... in the previous month compared to the end of 2019. In total, such proposals have risen from 402
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PM calls for unity as opposition reacts to decisions on health, labour
PoliticsGreek Politicsare focussing more calling for the government to provide greater support to the national health service... generous in the economic support package it has put together, noting that other countries have... confrontations with coronavirus are won, the sooner the war will be won,” he said. However, as in previous
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NBG results show net profits of 409 mln euros on strong trading income in Q1
EconomyBankingbillion in loan balances. It has also participated in all government Covid 19 support schemes, including... are important comparative advantages, especially so in this crisis. The Q1 results support this assertion,” he... billion in 2019, but also bond portfolio sales of previous quarters, as well as higher funding costs
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Newsletter 253 -05/06/2020
to Athens and Thessaloniki. Despite this latest step and government pledges to support hoteliers and other... complaints within the industry about vague health protocols and unanswered questions about support... closures seen in previous months, related to Covid-19. The rate of contraction was among
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