Browsing Category

Economy

Recession in Greece at 15.2% in the second quarter of 2020

Greek economy sees record contraction of 15.2% in the second quarter of 2020, compared to the Ministry of Finance forecast for a 15.7% contraction. According to the Hellenic Statistical Authority (ELSTAT), compared to the 2nd quarter of 2019, the total consumer expenditure decreased by 10.1%, the gross fixed capital investments decreased by…

What does the agreement on the Recovery Fund provide for Greece

The Greek government made a first assessment of the agreement reached at the Brussels Summit, calling it a “historic day for the European Union, as it takes a decisive step towards greater political and economic integration”. It is…

The package for Greece is over 70 billion euros

Europe has shown that it can stand up to the circumstances and reach an agreement after four days of tough negotiations and a process of mutual concessions and compromises,” said Prime Minister Kyriakos Mitsotakis at a news…

Agreement of the “27” on the Recovery Fund

The 27 EU member states reached an agreement regarding the Recovery Fund, announced the President of the European Council, Charles Michel. After marathon meetings, the “27” reached a compromise for the 750 billion euros of the Fund,…