Παρασκευή 10 Ιουλίου 2020
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greek economy

Editorial To Vima: Digital revolution for everyone
English edition

Editorial To Vima: Digital revolution for everyone

The creation of a Citizens’ Digital Academy to improve digital skills is a step in the right direction. In this wondrous world of amazing accomplishments and capabilities no one should be left behind.

Editorial To Vima: Risk dispersion
English edition

Editorial To Vima: Risk dispersion

A re-orienation of the economy and a shift in the productive model is needed now more than ever.

Coronavirus infects Greek real economy
English edition

Coronavirus infects Greek real economy

Net revenues from the state budget amounted to 14.1bn euros, a 1.34bn shortfall (8.7 percentage points as compared to the 2020 budget projection) and that is due to the impact of the lockdown and subsequent issues.

Theoharis announces Greek ‘Restart Tourism’ with 15 June opening
English edition

Theoharis announces Greek ‘Restart Tourism’ with 15 June opening

The tourism minister spoke straight after a nationally televised address by Prime Minister Kyriakos Mitsotakis in which he announced a 24bn euro pandemic recovery fund and the government’s plans to re-open the country to international flights.

Mitsotakis announces stimulus package, opens international flights 1 July without Covid-19 test
English edition

Mitsotakis announces stimulus package, opens international flights 1 July without Covid-19 test

The PM boasted that the  Greek people through perseverance in weathering the crisis and religiously following public health guidelines in the lockdown turned Greece into a model country.

Editorial To Vima: The tourism balance sheet comes at the end
English edition

Editorial To Vima: The tourism balance sheet comes at the end

Certain government members in an effort to personally capitalise on the public health success are creating a climate of unjustified complacency.

Editorial To Vima: The challenge of ‘unlocking’ travel
English edition

Editorial To Vima: The challenge of ‘unlocking’ travel

The European Commission essentially set the foundations of a restart of the tourism sector which is of crucial importance for the salvation of the Greek economy.

Editorial Ta Nea: Trust
English edition

Editorial Ta Nea: Trust

Certain political forces must understand at long last the role of the Central Bank, the degree of independence from political power that it enjoys, and to whom it must offer an accounting.

Editorial To Vima: The queues of backwardness
English edition

Editorial To Vima: The queues of backwardness

The public health crisis that developed and remains a threat demonstrated the value of the necessary technological transformation and the capabilities that it can offer.

Editorial Ta Nea: Recognition
English edition

Editorial Ta Nea: Recognition

Every percentage point in GDP is hugely valuable in the fight to fend off a devastating blow to the labour market and to the economy more generally.

Editorial To Vima: The winds fill the sails, the winds shred them
English edition

Editorial To Vima: The winds fill the sails, the winds shred them

The government took on the challenge of the pandemic with a series of right moves: Choosing trustworthy managers and acting quickly to avoid the worst it protected the health of the citizenry and the stability of the National Health System.

Editorial Ta Nea: Tools
English edition

Editorial Ta Nea: Tools

A loss of 250,000 jobs at small and very small businesses in all sectors is projected and nearly fifteen percent of them will never re-open.

Editorial Ta Nea: Standing
English edition

Editorial Ta Nea: Standing

enormous efforts will be made to keep the economy standing, as long as the government provides the necessary tools and the productive forces devote all their energy.

Editorial Ta Nea: A new social contract
English edition

Editorial Ta Nea: A new social contract

Who is making Greece a laggard in areas where it could be a pioneer? It is against these forces of delay that the battle must be won.

Editorial: Time for a new productive model
English edition

Editorial: Time for a new productive model

The oft-neglected primary sector has exhibited endurance and may be among the few that can do well in these extraordinary circumstances.

Editorial Ta Nea: Recipes
English edition

Editorial Ta Nea: Recipes

Under no circumstances should the government allow even a suspicion that it will seek to serve partisan special interests or social and professional groups that are pro-government.

Editorial To Vima: The die is cast
English edition

Editorial To Vima: The die is cast

Medical experts stress that the re-opening of society and the economy must be carefully controlled and based on rules enforced with the same sense of discipline as during the lockdown.

Editorial To Vima: The war on the economic front
English edition

Editorial To Vima: The war on the economic front

The economic toll arising from the pandemic will be higher for Greece than for other EU countries because it relies so heavily on tourism and services more generally as well as on transport and consumption.

Editorial Ta Nea: Dysfunctions
English edition

Editorial Ta Nea: Dysfunctions

Was it necessary for the balance of oil supply and demand to become so skewed in order to reduce the price for the highly over-taxed Greek consumer?

Editorial: Greece can make a success of the economy too!
English edition

Editorial: Greece can make a success of the economy too!

It is indicative that in record time for the normally sluggish Greek state it took only five days to implement a key measure to subsidise interest payments on business loans.

Editorial Ta Nea: Time
English edition

Editorial Ta Nea: Time

The EU summit on 23 April should demonstrate that not only has Europe learned from the mistakes of the past but also that the Union knows how to act swiftly.

Government satisfied with up to eight billion euros from eurozone pandemic package
English edition

Government satisfied with up to eight billion euros from eurozone pandemic package

The seven to eight billion euros to which Greece will have access will derive from three funding tools: The SURE programme, the European Investment Bank, and the European Stability mechanism (ESM).

ECB not ruling out one-off ‘coronabond’ Board member tells ‘To Vima’
English edition

ECB not ruling out one-off ‘coronabond’ Board member tells ‘To Vima’

'The issuance of one-off coronabonds is one possibility, There are other instruments that could be used, like an EU rescue fund or measures involving the ESM or the European Investment Bank,' says Isabel Schnabel.

PM stresses existential battle against coronavirus, economic trials on Greek Independence Day
English edition

PM stresses existential battle against coronavirus, economic trials on Greek Independence Day

"We have had and will have losses, and our economy will suffer. But it is our duty to reduce the pain to the least possible and to share the cost of adapting to the new economic reality in a just way," he said.

Staikouras welcomes loosening of EU fiscal rules, stresses flexibility to deal with pandemic’
English edition

Staikouras welcomes loosening of EU fiscal rules, stresses flexibility to deal with pandemic’

'Greece can tackle the pandemic in a timely and effective manner so that the damage to the economy, which will be significant, can be reversed, " the finance minister said.

Editorial Ta Nea: Action
English edition

Editorial Ta Nea: Action

The much-touted normalcy to which Greek society was supposed to return has been postponed indefinitely or at least for enough time to deal a new, severe blow to the economy and the labour market.

Editorial: Sort things out now!
English edition

Editorial: Sort things out now!

The state must at once protect human lives and manage the economic repercussions from a general lockdown which if it turns out to be protracted can plunge the economy into a new debt crisis

Editorial Ta Nea: Opportunity
English edition

Editorial Ta Nea: Opportunity

Greece’s partners, including those most dedicated to fiscal discipline, are beginning to comprehend that austerity is not a cure-all.The pandemic requires a Keynesian approach to managing the economy.

PM announces 10bn euro spending package, EU funding
English edition

PM announces 10bn euro spending package, EU funding

A series of measures announced by the government are designed to prevent the collapse of the economy and a steep rise in unemployment.

Greece shuts borders for non-EU nationals, PM speaks of ‘war economy’ and nightmarish aftermath
English edition

Greece shuts borders for non-EU nationals, PM speaks of ‘war economy’ and nightmarish aftermath

In his second nationally televised address on the government’s strategy in dealing with Covid-19 today Prime Minister Kyriakos Mitsotakis braced Greeks for a multi-front “war”

Editorial: Trying times
English edition

Editorial: Trying times

It is in no one’s interest for the economy to shrink again due to recessionary policies and policies that will not facilitate an extremely swift remedy of the major additional wounds that it will suffer from the virus.

Ekaterini Sakellaropoulos was sworn in today as president of the Hellenic Republic.
English edition

Ekaterini Sakellaropoulos was sworn in today as president of the Hellenic Republic.

She is known as a moderate, progressive and rights-oriented jurist. As president she has a largely ceremonial role and is required to sign executive order drafted by the government, but the weight of the office consists in the president’s role as a focal point of national unity.

Editorial To Vima: Global problems, global solutions
English edition

Editorial To Vima: Global problems, global solutions

Even in such an environment, there is no choice but to seek international coordination and cooperation. The sooner that is understood the smaller the repercussions of the coronavirus on the economy will be.

Editorial To Vima: Crucial crash tests
English edition

Editorial To Vima: Crucial crash tests

The coronavirus threat (the first case in Greece was identified today in Thessaloniki) poses a huge challenge to the National Health System and to what is ostensibly the government’s strong suit – the recovery of the Greek economy.

Editorial Ta Nea: Profile
English edition

Editorial Ta Nea: Profile

French Economy Minister Bruno Le Maire told Ta Nea about plans to intensify French investment in Greece in various sectors, from energy to tourism and infrastructure.

Editorial To Vima: The new wealth of Greece
English edition

Editorial To Vima: The new wealth of Greece

The country’s candidacy and accession to the European Economic Community was an inspired and bold move, yet Greece failed to properly incorporate the principles and rules of the environment offered

Editorial Ta Nea: Automatic pilot
English edition

Editorial Ta Nea: Automatic pilot

The investment-friendly posture of the government gave impetus to positive developments on the investment front, but it must still craft policies that will help drive the economy and lead it to even more fertile ground.

Editorial To Vima: No more lost opportunities
English edition

Editorial To Vima: No more lost opportunities

The performance of Greek bonds improves the profile and viability of the national debt and at the same time iopens the way for businesses to borrow more cheaply and refinance old loans.

Editorial: Shielding the economy
English edition

Editorial: Shielding the economy

The proper stride for an economy entails economic stability, endurance, and being shielded from the shocks of the global economic system.

Time to give Greece a chance with lower primary surplus targets
English edition

Time to give Greece a chance with lower primary surplus targets

In recognition of the great sacrifices of the Greek people creditors should meet Athens’ demand that the primary surplus target – a noose that is choking the Greek economy - be lowered.

Editorial Ta Nea: Unity
English edition

Editorial Ta Nea: Unity

The political system is facing Turkish provocations united and with no desire for petty partisan exploitation.

Editorial To Vima: The great gain of the 10-year crisis
English edition

Editorial To Vima: The great gain of the 10-year crisis

The economy and all that constitutes it were impaired. Incomes, wages, values, and the country’s productive capability were affected, as evidenced by the massive destruction of businesses and by extension the loss of jobs.

Editorial To Vima: The political change of 2019, prospects for 2020
English edition

Editorial To Vima: The political change of 2019, prospects for 2020

The atmosphere and climate in the economy and society improved and the political change proved positive as it created a new dynamic.

Tasoulas stresses Greece’s resolve in dealing with Turkey
uncategorized

Tasoulas stresses Greece’s resolve in dealing with Turkey

The Parliament Speaker also projected a “normnalisation of relations with our threatening neighbour but did not elaborate how that might happen.

Editorial To Vima: Liberalism now the hegemonic political force in Greece
English edition

Editorial To Vima: Liberalism now the hegemonic political force in Greece

The PM’s speech in Parliament yesterday during debate on the 2020 budget absolutely confirmed the new liberal spirit that is tending to prevail throughout the country.

Editorial: Opportumity for Greek economic take-off
English edition

Editorial: Opportumity for Greek economic take-off

If the newer projections are confirmed, the Greek economy after years of weak performance and retreat appears to be creating a better basis for the desired economic take-off with a growth rate of over 3% in 2020.

Editorial To Vima: Truly good news
English edition

Editorial To Vima: Truly good news

According to Brussels’ basic scenario the Greek economy is stabilising more rapidly than expected and the Greek debt will be reduced over the coming decades

Editorial To Vima: Negative interest rates and expensive borrowing
English edition

Editorial To Vima: Negative interest rates and expensive borrowing

The Greek banking system which is mired with the huge burden of non-performing loans is essentially unable to play its proper role.

Editorial Ta Nea: Traps
English edition

Editorial Ta Nea: Traps

An economic take-off is is the Greek government's basic politico-economic narrative based on the premise of an investment-friendly climate that will make investors trust the Greek economy.

Editorial Ta Nea: Skewed perceptions
English edition

Editorial Ta Nea: Skewed perceptions

Every effort must be made for the system in the coming year to regain the just character that it must have.

Editorial To Vima: Delusions, passions, and errors
English edition

Editorial To Vima: Delusions, passions, and errors

SYRIZA believed that institutions were made to serve bourgeois political forces and their supposedly pernicious designs.

Editorial To Vima: Fewer words, more work
English edition

Editorial To Vima: Fewer words, more work

The positive thing for Greece is that despite international uncertainty the markets are continuing to show trust in the prospects of the Greek economy.

Lower primary surplus remains top priority Mitsotakis tells TIF news conference
English edition

Lower primary surplus remains top priority Mitsotakis tells TIF news conference

Mitsotakis noted that the situation inherited by his government in the economy was is not rosy but that it will be possible to implement its policies due to an over-performance in revenues during the last two months.

Editorial To Vima: The Greek economy can grow in leaps and bounds
English edition

Editorial To Vima: The Greek economy can grow in leaps and bounds

Now expectations are clearly positive and everyone expects that an economy freed of the ideological fixations of the previous period can leap forward as long as a climate of renewal is maintained

Editorial: TIF, handouts and economic growth
English edition

Editorial: TIF, handouts and economic growth

Since Mr. Mitsotakis has declared that he intends to meet creditors’ demand (to which Greece has signed on) for a 3.5 percent primary surplus over the next two years the fiscal space is exceptionally narrow.

Editorial Ta Nea: Waves
English edition

Editorial Ta Nea: Waves

The Brexit path toward the unknown does concern only the UK. BREIt is an economic event of such magnitude that it can affect the global economy.

Editorial Ta Nea: Staying on track
English edition

Editorial Ta Nea: Staying on track

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

Editorial Ta Nea: Cycles
English edition

Editorial Ta Nea: Cycles

The government was forced to shut down banks and to impose capital controls, which was supposed to be a temporary measure.

Editorial To Vima:The symbolism of lifting capital controls
English edition

Editorial To Vima:The symbolism of lifting capital controls

After four years of sacrifices Greece has transcended an environment of reservations that was maintained by the markets and representatives of the international economic system.

Editorial To Vima: The power of the self-evident
English edition

Editorial To Vima: The power of the self-evident

Now everyone can understand that the Elliniko investment, liberated from bureaucratic red tape and shackles, can move forward and offer the expected growth impetus to Attica and the entire country.

Editorial Ta Nea: Salvation
English edition

Editorial Ta Nea: Salvation

What is needed is a comprehensive PPC salvation plan that can avert even the slightest possibility of collapse.

Editorial To Vima: The times are not propitious for the Mitsotakis government
English edition

Editorial To Vima: The times are not propitious for the Mitsotakis government

The times are not propitious for Mr. Mitsotakis. He must act swiftly and decisively. In these tough times there is no room for reservations and indecisiveness.

Editorial: The great reform on txa invoices
English edition

Editorial: The great reform on txa invoices

The aim is to create a framework for the mandatory electronic submission of invoices and bookkeeping for all businesses and freelance professionals, as of 1 January, 2020.

Editorial Ta Nea: Economic excellence
English edition

Editorial Ta Nea: Economic excellence

There is the basis of an economic recovery even as the banking system moves in the direction of an excellent clientele and of the competitiveness that the economy needs.

Editorial To Vima: What Mitsotakis can bring, what Tsipras could not understand
English edition

Editorial To Vima: What Mitsotakis can bring, what Tsipras could not understand

With his actions and choices Mr. Mitsotakis signaled that he leads a government which has its own plan and programme for an exit from the crisis

Editorial To Vima: The opportunity for cheap money and the banks
English edition

Editorial To Vima: The opportunity for cheap money and the banks

Greece, which is now borrowing with record low interest rates and can hope for a definitive exit from the crisis, will be able to borrow more money more cheaply.

Editorial To Vima: Promises and the invincible monster
English edition

Editorial To Vima: Promises and the invincible monster

Every Greek citizen has suffered the martyrdom of dealing with a monstrous and constantly expanding bureaucracy.

Editorial Ta Nea: On transparency
English edition

Editorial Ta Nea: On transparency

The monitoring mechanism that the government intends to establish to ensure transparency should be welcomed as a step in the right direction.

Editorial To Vima: Looking to the future, not the past
English edition

Editorial To Vima: Looking to the future, not the past

Will the government’s plan and decisiveness in implementing it prove stronger than the resistance that it will undoubtedly come up against?

Editorial Ta Nea: Normalcy
English edition

Editorial Ta Nea: Normalcy

Investors are not afraid that they will lose their money as was evidenced by the great demand for the seven-year bond.

Editorial Ta Nea: Persuasion
English edition

Editorial Ta Nea: Persuasion

The economy needs these tax cuts in order to achieve a high growth rate. Such relief measures are necessary in order to exit the crisis and for the economy not to fall into stagnation.

Mitsotakis seeks strong mandate to hit the ground running, has made all cabinet picks
English edition

Mitsotakis seeks strong mandate to hit the ground running, has made all cabinet picks

The greater the aggregate percentage of the vote of parties that fail to pass the three percent threshold to enter Parliament, the lower the percentage that ND will need to clinch a parliamentary majority

Editorial To Vima: The great opportunity for the economy
English edition

Editorial To Vima: The great opportunity for the economy

Decisions must be taken swiftly to unblock investments entangled in bureaucratic red tape and to send a strong signal that errors of the recent past will not be repeated.