greek economy

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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?

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.

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.

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).

'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.

"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.

'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.

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.

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

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.

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

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”