greek economy

Finance Minister Euclid Tsakalotos and Alternate Finance Minister Yorgos Houliarakis have conceded that over-taxation of the middle class was carried out by design.

The government has shaped an artificial reality in order to boast of its achievement even as the economy totters.

Greece is perhaps the only European country where political life literally paralyses before an election. The state lacks continuity and is managed in piecemeal fashion. The state machine freezes with a view to the upcoming political transition.

In its early period SYRIZA’s cadres defended migrants’ rights and were battling the 1% of the world population that was exploiting the toil of the other 99%.

Instead of fixing the fiscal roof, the government is preoccupied with handing out benefits, providing arrangements for debt repayment, and offering a write-down on home loans

According to the OECD, Greece and Hungary are the two European countries in which 70 percent of middle class households cannot afford unexpected expenses.

We seek out or manufacture enemies instead of forging a fundamental consensus so as to escape the vicious circle into which the country has fallen.

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.

We make mistakes and sometimes unpardonable ones, Deputy PM Yannis Dragasakis told Parliament about arrangements on resolving non-performing loans.

Europe as a whole should be concerned, as should Greece in particular which is a country that brings in tourists and exports university students and young scientists

Despite the rosy image of the economic situation that the government is presenting, the fact is that the revenues of a segment of the population are shrinking.

This is an image of decline that is confirmed by the UN report on happiness. Our country is becoming ever more poor and unhappy.  Greece fell by three notches in one year, from 79th to 82nd.

'Reforms must accelerate in order for investments in the fields of agriculture to be supported, along with the recovery of the banking and real estate sector, but broadly speaking everything is being done as it should be done.'

Citizens, businessmen, and the work force are not offered solutions to their problems because the government adopts opportunistic policies.

The IMF report said that the government should bolster its legal arsenal to allow a reduction of NPLs on private sector terms

An economy does not build endurance with triumphant declarations and self-deceptions, of the kind one has tragically witnessed in the recent past.

Other countries, including Portugal, borrow at a rate of about one percent whereas Greece is obliged to pay off its 10-year bond with a payment of nearly 800mn euros.

Investors' bids on a new Greek 10-year bond issue exceeded 11.3 billion euros

All opinion polls indicate that the basic worry of citizens is the economy and not which politicians will join SYRIZA in a political front after the PM’s invitation.

The government’s room for manoeuvre is limited if it wants to receive a tranche of about one billion euros from the profits of eurozone central banks on Greek bonds.

Mr. Tsipras must decide if he will become a European Social Democrat or whether he will again opt for opportunistic choices and easy, hollow pledges.

In an exclusive interview with To Vima, the Harvard economics professor and former IMF chief economist discusses Greece’s growth prospects.

The PM has assured us that the new, progressive political tent with SYRIZA at its core will cover the entire political spectrum 'from Social Democracy to the popular right'.

The government has provoked an institutional crisis and is responsible for the perpetuation of the economic crisis.

The government's paramount consideration in all choices is political gains for the ruling party. Creating fissures in politics and society is a primary concern.