GREEK ECONOMY

xristostaikouras
ENGLISH EDITION

FinMin Staikouras sends message of "realistic optimism" over the course of Greek economy

In his meetings with representatives of the international investing community, with his counterparts, the heads of the institutions and senior officials of IMF, Staikouras presented the targets, already being applied in the first three months of the new government, noting the markets and the institutions' positive reaction. He also focused on the main axes on which the roadmap for the country's economic course will be based.
ENGLISH EDITION

Parliament's Budget Office report: 2020 draft budget compatible with fiscal goals, uncertairties remain

The 2020 draft budget plan tabled in Parliament by the Greek government is compatible with achieving the fiscal goal for a primary surplus, the Parliament's Budget Office said in a report on Friday. However, the report noted there were uncertainties related with the room to save operating spending, the efficiency of incentives for e-transactions and the height of the growth rate.
ENGLISH EDITION

Commission approves market conform asset protection scheme for banks in Greece

The European Commission has found Greek plans aimed at supporting the reduction of non-performing loans of Greek banks to be free of any State aid. The Commission found that, under the asset protection scheme (known by the name of “Hercules”), the Greek State will be remunerated in line with market conditions for the risk it will assume by granting a guarantee on securitised non-performing loans.