Fiscal Discipline

Despite the imponderable factor of external challenges and high inflation, growth projections facilitate a broad spectrum of reforms that could improve the lives of citizens.

As the war in Ukraine continues, one may well see the establishment of a permanent economic crisis chain, with severe pressures on Greece and all of Europe.

The imminent end of the EU's enhanced fiscal supervision cannot be interpreted as an opportunity to loosen fiscal discipline or backtrack on collective objectives.

The adventure of Greece’s IMF bailout programme began in March, 2010, and it led to protracted hardships for the Greek people, rocked the political system, and undermined social cohesion.

the leadership of the finance ministry and of the entire government must avoid any imprudent expenditure and readjust its economic policy, which must be guided by the durability of choices and fiscal discipline.

Precisely because Greek economic growth remains exceptionally fragile and is inextricably linked to developments abroad, which are often unexpected, the government has a duty to plan its moves extremely carefully, especially as regards the disbursement of money.

There is a pressing need for certain EU leaders to understand that now is not the time for strict economic discipline. This is an hour when the welfare of human beings must come first.

With the pandemic likely to decimate Greek tourism, which is widely viewed as the engine of the economy, the tourism ministry will launch an intensive campaign to attract foreign tourists to Greece,

It is this obstinate devotion to unbending rules which over the last years has nurtured the monster of populism.

The danger of a new economic derailment has not been eradicated.

The warnings that the Bank of Greece issues due to its institutional role should be viewed as necessary, and not as hostile acts as the government viewed them over the last four years.

The cost of the package of measures announced by the PM is between 1.1 and 1.4 percent of GDP annually, which could exceed five billion euros over two years.

The party that was trounced in recent elections and any political party that aspires to govern should know that citizens are no longer willing to issue blank checks.

The Bank of Greece rang the alarm bells over the danger of fiscal derailment due to Greece’s Council of State rulings which deemed unconstitutional earlier pension cuts and the abolition of holiday bonuses.

One did not need the IMF’s report to understand that complacency or even worse a mindless return to the bad practices of the past could prove fatal

The report of creditors will determine the stance of the markets and the return of about 700mn euros in profits of eurozone central banks from Greek bonds.

The more handouts the government announces the more the main opposition party’s lead in the polls is grows.

The SYRIZA-Independent Greeks government copied every single one of the populist ills with which post-dictatorship Greek democracy was fraught.

The odd couple in the SYRIZA-Independent Greeks coalition appears to be interested only in its own survival. It is indifferent to the consequences of its actions on the country.

For electoral reasons, the government pretends that the country that has left behind the economic crisis, when it is abundantly clear that it is still very much with us.

For the government, the end justifies the means, and everything is placed at the disposal of the general directorate, in order to avert the impending handover of power.

The vileness of the defence minister’s actions against freedom of the press may dominate public debate, but at the same time there is an ongoing undeclared war within the ruling SYRIZA party. A series of guided articles, written by well-known mouthpieces of the government, have been critical of ministers – especially those whose portfolio is […]

The tolerance that was built by a harsh fiscal adjustment and the countless sacrifices of the Greek people can be revoked the moment that a fiscal derailment is discerned.

That past is too recent for the SYRIZA-Independent Greeks government not to see that unhampered promises of handouts lead to fiscal derailment and offer no political gain

Recent political history is rife with examples of supposedly generous governments which were punished harshly at the ballot box