Greece Growth Rate

The report underlined that delays in reforms designed to improve the investment climate, competitiveness and the situation with Greek banks pose the danger of a downward slump in the projected rise in investment.

The Commission appears to be open to the government’s intention of rescinding a law that provides for a lowering of the tax-free threshold as of 1 January, 2020

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.