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Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead
EconomyIn an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3... scale and is just one notch behind Fitch’s. Fitch is two notches below investment grade, while S&P... Greece’s investment profile, which is one of the lowest in the EU. The agency highlights
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Newsletter 278 -14/12/2020
and one in three employees are surviving thanks to state support. The numbers reportedly show that 32.6... in the following year. The bank presents two alternative scenarios, a milder one that recession does not exceed 9 pct and a more severe one that sees a stronger and longer impact of the pandemic, where
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Athens wary as exploratory talks with Turkey approach
PoliticsForeign Policynotice that the US decided to impose these sanctions essentially one business day after the European Council meeting” The imminent change of US administration appears to be one of the reasons that during... at the European Council. But on the other hand, considered the Council’s presidency and its approach, no one
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Newsletter 281 -22/01/2021
to be extended by one more month. According to Kathimerini, the Finance Ministry is devising a support plan for businesses that will be rolled out in three stages: One up to April, the second until... for support in the first months of the new year. One of the reasons that the government decided
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EU enlargement - a moving target that is moving further away
Agoraof whether the process itself "is working" if no one is making progress, and many countries have not been... been, for the most part, so far. However, one year after its adoption, it has not been elaborated... is that each member state can at any time "invent" a new criterion, one that is not relevant to the nature
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Newsletter 283 -05/02/2021
service sector – one of the worst hit by the lockdowns – is poised to seek compensation from the state, claiming inadequate economic assistance. Apart from being one of the Greek economy’s key employers... off the systemic banks’ books, within one year of operation, and three months before the scheme
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Health service in spotlight as govt scrabbles for more measures to contain Covid
PoliticsGreek Politicson Wednesday, a day after the previous one, to decide on what restrictions should be adopted. Reports... a lockdown similar to the one at the start of the pandemic last year, arguing that the current one is too lax... to the New Democracy administration is one of the reasons that the centre-right party retains a sizable
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Company closures dropped sharply during the pandemic
EconomyFeaturesthe Hellenic Statistical Authority. The picture presented is one of relative stasis, which could provide... – mostly this is due to it being one of the most populous sectors, accounting for 16.2 percent of all... actually dropped 18.9 percent. In fact, only one sector saw an increase in the number of closures
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A brief lexicon of the Cyprus issue negotiations
Agora, there will be two constituent states – one Greek-Cypriot and one Turkish-Cypriot. Each constituent state... that the central government will not have the power to adopt measures that harm the interests of one... of one of the agreed parameters makes a possible settlement even more elusive. But it is not surprising
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Under scrutiny, government defends vaccine strategy
PoliticsGreek Politicspupils and teachers will only have to conduct one self-test per week before going to school, rather than... the country is best prepared to welcome visitors given it is “one of the slowest countries in Europe” to get... that Greece has administered at least one dose 25% of the population, which is almost five points below
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