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Tag Archives: structural reforms

1000+1 reasons why investors do not invest in Greece

It isn’t about competitiveness and even lower minimum wages. It isn’t about the constantly changing taxation system and the over taxation. It isn’t about lack of growth-friendly policies, like lower tax rates and fast implementation of structural  -see: labor – reforms. It is about Mario Draghi, the European Central Bank …

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EU Task Force for Greece: German Reichenbach goes, Dutch Verwey comes

The mission of German head of EU Task Force for Greece Horst Reichenbach has been apparently “successfully concluded.” Now another high-ranking EU official, Dutch Maarten Verwey will take the lead and take Greece to the much awaited destination of  “successful structural reforms.” According to Greek financial weekly Agora: Dutch commissar …

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ECB report: “Default risk expectations increased sharply for Greece”

The European Central Bank issued it Financial Stability Review today and made very important conclusions: that Default risk has increased for Greece and that the Greek banking sector has suffered substantial deposit outflows. “Wow,” as Finance Minister Yanis Varoufakis would say expressing his astonishment about the extremely surprising and nonplus …

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Citi’s Buiter: “Greece’s new currency would be rubbish”

There would be “havoc” if Greece left the euro zone and adopted an alternative currency, Willem Buiter, global chief economist at Citi, told US-network CNBC. “I really think the notion that Greece exits with or without a shadow currency or a proper currency (is ridiculous). Greece has not, historically, been …

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BoG Governor: Greece’s recovery program still fragile; growth in 2014

“Greek government should push ahead with structural reforms aiming at boosting the economy,” Governor of Bank of Greece Giorgos Provopoulos told the Parliament on Tuesday. Presenting the central bank’s interim monetary policy program, Provopoulos advised the government also to avoid the imposition of new taxes in order to raise revenues …

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