eurozone

If the “prescription” of an unprecedented interest rates increase inspired by the guardians of economic stability in the eurozone does not succeeds, we shall pay a heavy price.

The messages from the markets are already very negative. The alarm bell can be heard not only in Rome, but in every European capital, and hat is why Athens must not ignore it.

The numbers demonstrate that the Italian political crisis could destabilise the entire eurozone at an exceptionally critical moment, with many open fronts.

Greece must now ask itself, under new conditions, what made it strong after the 1974 post-junta regime change, and what can make it even stronger today. In any event, it is not the relationship with the US, as important as it may be.

'The difficulties were a given when the issue was the stability of the euro, and I personally was absolutely cognisant of the excessive burden and challenge that this entailed for the people of Greece. We managed in the end to find a common path, a common pace, for Greece to remain a member of the EU.'

European leaders agreed to create a common “recovery fund” that will have enough money to address the consequences of the pandemic in Europe

The ideal of solidarity upon which the European projected was founded is being put to the test in a most palpable manner.

Much like her predecessor Mario Draghi, ECB chief Christine Lagarde has declared she will do anything necessary to shore up the eurozone and temper the economic shock of the pandemic.

In the framework of an evaluation of the bailout programmes that were implemented between 2008 and 2017, the Executive Board of the Fund has in many instances pinpointed important miscalculations and omissions.

Tsipras wants to forge a broad, democratic and progressive front that can accommodate most of the political spectrum – from conservatives and social democrats to the radical left.

The essence is that our country is barred from the markets, and for the time being there is indication that this will change very soon

The Americans discerned, thanks to their strategic prowess, that Greece, despite its sins, could not be left alone in a region rife with loci of instability, and the geopolitical argument prevailed

Ύφεση στην Ελλάδα το 2015 προβλέπει η τριμηνιαία έρευνα Eurozone Forecast (EEF) της ΕΥ ενώ εκτιμά αύξηση του ΑΕΠ κατά 1,8% το 2016. H ΕΥ σημειώνει πως η πρόοδος που επιτεύχθηκε το 2014, όταν η οικονομία βγήκε από έξι χρόνια ύφεσης, φαίνεται πλέον να έχει χαθεί, και είναι πιθανό η οικονομία να έχει επιστρέψει στην ύφεση κατά το δεύτερο τρίμηνο.