Tuesday , April 23 2019
Home / Tag Archives: Economy

Tag Archives: Economy

Greece can be next euro success story, says EMS chief Regling

Greece is on track to become the next success story of the euro zone debt crisis, but fully regaining investors’ trust will require sustained commitment to economic reforms, the head of Europe’s rescue fund said on Tuesday. “Greece’s access to markets remains fragile,” European Stability Mechanism (ESM) head Klaus Regling …

Read More »

Speculations about snap elections do not help Greece’s economy, says chairman of UHCC Michalos

Speculating about early elections at a time when Greece was entering a phase of recovery does no service to the economy, the head of the Union of Hellenic Chambers of Commerce and president of the Athens Chamber of Commerce and Industry (ACCI) Constantine Michalos noted in an interview with the …

Read More »

Tsipras in symbolic Kastellorizo: “We don’t negotiate, we don’t trade a span of soil”

Kastellorizo 23 April 2010 and 17 April 2018: Eight years ago, it was Prime Minister Giorgos Papandreou who had chosen the remote island of Kastellorizo to announce that Greece had surrendered to the International Monetary Fund and the bailout agreements. On 17. April 2018, Prime Minister Alexis Tsipras chose again …

Read More »

Will Greece’s economy ever fully recover?

After years of international financial support, Greece’s third bailout program is due to finish in August this year. But what does this mean going forward? And despite appearing more stable economically, will confidence finally return – and with it, investment? The eurozone economy as a whole is much stronger, and …

Read More »

FinMin Tsakalotos admits “Citizens do not see the economy improvements”

Finally a government official admitted the obvious: that the average citizens does not see the improvements in economy as they are been recorded in spread sheets and in the upgrades of the contry’s credit ratings. Touring the island of Crete and meeting with local authorities, Finance Minister Euclid Tsakalotos said …

Read More »

Greece among 10 Most Miserable Economies in the world

Rising prices are more of a threat to the global economy this year than joblessness, according to Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 66 economies. The Misery Index has examined inflation and unemployment outlook in 66 economies The Index ranks Greece in tie with Turkey on …

Read More »

Greece and lenders reach staff-level agreement on 3rd review

Greece and its lenders reached a staff-level agreement on the country’s third program review on Saturday, Finance Minister Euclid Tsakalotos said after a meeting with the country’s lenders. “We achieved the agreement with the institutions on a staff-level on all issues,” he told journalists. “We won enough things and we are …

Read More »

IMF growth projection for 2018 at 2.6% of Greece’s GDP

The International Monetary Fund on Tuesday said the Greek economy will grow by 2.6 pct in 2018, up from a 2.4 pct growth rate estimate envisaged in a draft budget plan tabled to Parliament by the Greek government last week. The IMF expects the Greek economy to grow 1.8 pct …

Read More »