Greek government-debt crisis

In an article published in Tuesday's Kathimerini, Finance Minister Christos Staikouras calls on his colleagues in the Eurogroup council of eurozone finance ministers to show solidarity as they convene on the same day and approve "a catalytic move that will offer a strong injection of liquidity to the economy."

Greece's Public Debt Management Agency (PDMA) will auction 13-week treasury bills on Wednesday to the value of 375 million euros.
The maturity date for these T-bills will be July 10 and the settlement date will be this Friday.

The government will not touch the country's cash buffer and will announce fresh support measures next month, Finance Minister Christos Staikouras said on Friday, adding that the economy is expected to rebound considerably in the year's second half, moderating its annual contraction for 2020 to 3-4 percent.

Greece's finance minister said on Friday he expected the economy to contract by 3 to 4 percent this year due to lockdown measures imposed to curb the spread of coronavirus, marking a significant downward revision from his previous estimate.

"April may determine what the future will look like," Prime Minister Kyriakos Mitsotakis said on Thursday during a discussion in Parliament in Athens on new legislative measures to contain the impact of the coronavirus epidemic.

"Everything that has been done so far has brought reservedly optimistic results," he said, warning that the country needs to stay the course.

Greece plans to sell majority stakes in four ports as part of a privatization plan agreed with its lenders after the country exited the bailouts in 2018, a document from the state privatization agency (TAIPED) showed on Tuesday.

Bank of Greece Governor Yannis Stournaras on Wednesday spoke openly on Bloomberg in favor of a so-called "corona bond," warning that unless joint fiscal action is taken Europe will face a new debt crisis.

Mera25 MPs will give up half of their salaries to three hospitals in Athens, Thessaloniki and Crete, for as long as the lockdown continues, the anti-austerity party has announced.
Mera25 has nine deputies in the 300-seat Parliament.

Piraeus Bank grew full-year 2019 net profit, helped by lower operating costs and higher net interest income, Greece's largest lender by assets said on Monday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit of 270 million euros after net earnings of 185 million in 2018.

Bank of Greece Governor Yannis Stournatas on Monday said that he will be donating 50 percent of his salary over the next two months to help the state deal with the growing cost of fighting the novel coronavirus epidemic.