greek economy

The first meeting at which the government’s social spending will be reviewed is the 10 January Eurogroup Working Group.

'Today’s picture of clashing views does not justify disputing the evolutionary path of European cooperation.'

While the elections in Greece may lead simply to a handover of power, the European Parliament elections may well produce a very different political terrain in the EU.

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

The centre-left Movement for Change and extreme-right, nationalist Golden Dawn are tied for third place with seven percent of the vote, followed by the Greek Communist Party (KKE) with six percent.

Bank of Greece Governor Yannis Stournaras today submitted to Parliament Speaker Nikos Voutsis the Bank's Interim Report on Monetary Policy.

Among European countries, Greece ranks first in terms of job insecurity, as one-third are worried about their jobs, while 28 percent are worried about the economy overall.

Greece from the viewpoint of international investment capital remains marginal.

It was first in Greece that supercilious political forces of imprudence, self-deception, and illusion won the day.

There is a serious danger, despite the fact that consumption is not increasing, of a burgeoning trade deficit, with obvious consequences for macroeconomic imbalances.

'S&P also stresses in its report that the upgrade took into account the improvement of Greece’s economic prospects.'

Interlinked pawn shops were transformed into places of illegal transactions and became a haven and an open invitation to robbers and burglars as they fenced stolen valuables.

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.

Over-taxation, austerity, and vote-mongering handouts trap the economy in a vicious circle which hinders growth and consequently impedes the creation of new jobs.

Greece is the heaviest taxed country as regards goods and services – VAT and the EFK special consumer tax – and is near the top of the list in terms of income tax.

There is an emerging current in the ruling party that favours early elections, even before the local and European Parliament elections in May.

The finance ministry believes that the large cash reserves even under the most conservative assessment are sufficient to cover its mixed funding needs at least for the next two years.

Centeno said that the lending “institutions” trust Greece as regards continued implementation of reforms and meeting commitments in the coming years, so as to become a success story.

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.

Two days ago, the World Bank released its report on the degree to which countries facilitate business activity. Instead of improving, Greece is steadily declining.

To recall Giuseppe Tomasi di Lampedusa’s famed novel The Leopard, the government is declaring that it will change the Constitution, so as not to change anything.

The truth is that Greek banks are in a much better position than they were two years ago. They have improved their position. Their liquidity is better, and they are earnestly trying to reduce the burden of NPLs.

Can the country emit a message of stability to markets when the political class, in contrast to the citizenry, appears to have learned nothing from the errors of the past and the eight-year crisis?

Investors are discouraged, when affairs are revealed that bolster their distrust, and when an investigation of these cases and the assignment of responsibility is an exceptionally slow process.

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.