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PoliticsGreek Politics
EU funds seen as cushioning Covid-19 impact, giving govt fiscal space Greece took another step towards normality on Monday as primary schools reopened along with a range of business, including hotels and catering firms, as the number of deaths from the coronavirus reached 177.
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EconomyMacroeconomy
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.
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Economy
Athens welcomes volume, form of Commission's pandemic recovery plan There was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.
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PoliticsGreek Politics
Govt pushes tourism message, digests EU stimulus proposal The Greek government, which stands to gain up to 32 billion euros in grants and loans from the Recovery Fund proposed by the European Commission, continues to keep the re-opening of the tourism sector at the top of the its agenda.
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EconomyProgramme
Satisfied with reform commitment and pandemic response, EC wraps up sixth post-MoU review The European Commission published on Wednesday the sixth report of the post-programme surveillance framework, paving the way for Greece to benefit from another round of debt relief measures.
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PoliticsGreek Politics
European Commission's travel guidance brings some optimism for Greek tourism sector Greece has welcomed the European Commission’s guidance on travel and tourism as a first step towards reopening a vital section of the economy in time for the summer season.
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Economy
EC expects Greek GDP to drop by 9.7 pct for biggest fall in EU, before strong rebound in 2021 The European Commission released today its Spring Economic Forecasts, the first official set of numbers since the pandemic outbreak, which point to the EU economies experiencing “a recession of historic proportions this year.”
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EconomyMacroeconomy
Economic sentiment, consumer confidence plummet in April as construction takes worse hit Greece’s economic sentiment (ESI) fell by 10.1 points month-on-month in April to reach 99.3 points, European Commission (EC) figures showed on Monday.
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Legal
EU's temporary framework for state aid in response to Covid-19 outbreak The COVID-19 -novel- coronavirus outbreak is testing public health systems, national responses to an economic slowdown and potential recession as well as government’s and European Union institutions’ overall capacity to respond to a crisis of this magnitude.
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EconomyMacroeconomy Economic sentiment at 109.4 in March Greece’s economic sentiment (ESI) fell by 3.8 points month-on-month in March to reach 109.4 points, European Commission (EC) figures showed on Monday.