greek economy

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.

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.

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.

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.

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.

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

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.

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.

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

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.

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

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.

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

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

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.

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.

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

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

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.

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

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

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

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.

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

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.