Tag Archives: Economy

The problem of Greek economy “is not the level of taxation but the distribution of tax burden,” said the coordinator of Parliament’s Budget Office, Fragiskos Koutentakis.he pointed out that although the Greek economy is on positive course, the wounds of the economic crisis will need time to fully close. In …

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At least 75 million euros per year will flow into the coffers of the Greek state with the new agreement signed between the government and the Shipping Community on Wednesday. According to the new agreement “the payment of a sum equivalent to 10% of the imported dividends of the members …

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Majority of Greeks are against early elections, considers the Macedonia Agreement “negative” and are pessimistic about the economy. What is cause of concern in the public opinion survey published on Sunday is that Greeks are eager to embrace extreme views when it comes to the Macedonia Agreement 18% agree with …

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As it prepares to exit the program era, Greece has come a long way in the path of economic recovery. It still faces many challenges: high unemployment, weak banks, and uncompleted reforms, the IMF tweeted on Friday presenting the concluding statement that describes the preliminary findings of IMF staff at …

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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 …

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The Hellenic Association of Pharmaceutical Companies (SFEE) is aiming to promote Greece as a hub for clinical trials in a move that would “give fresh impetus both to public health and to the national economy”, it said on Wednesday. “Clinical trials are a great opportunity, which remains untapped. Greece fulfills …

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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 …

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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 …

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Greek former finance minister and anti-austerity maverick Yanis Varoufakis on Monday launched a new party. This is part of a movement in several European countries to contest EU elections next year. Pledging to “bring realistic hope” to Greece, Varoufakis said the grassroots pro-European movement is composed of “people of the …

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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 …

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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 …

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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 …

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Greek society in economic decline: Three out of four are long-time unemployed. 51% of the households depends on pensions. One in five households is afraid to lose its home. 70% of the young Greeks want to look for a work abroad. 16.3%  say they cannot afford to cover an extraordinary …

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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 …

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Hours before the meeting with US President Donald Trump at the White House, Prime Minister Alexis Tsipras spoke about the agenda of the talks and the importance of Greec ein the region. He called on investors to trust Greece. “Greece is a pillar of stability and security in the wider …

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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 …

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Eurogroup chief Jeroen Dijsselbloem urged Greeks to “Keep up the good work” and do not hold their next parliamentary elections earlier than 2019, as planned. In an interview with the Sunday edition of Kathimerini newspaper Dijseelbloem said “we must conclude the programme together to ensure that Greece will exit the …

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The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memorandum [bailout] programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts …

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Greece’s economy and debt crisis – an underrepresented tragedy watched closely by the economists of the future. As an example to be avoided. “Unprecedented – Greece is several economic tragedies rolled into one,” writes Dan Kopf, economics and markets reporter. He puts Greece’s financial crisis and economic plight in historical …

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The spectrum of short-term Greek crisis has been apparently averted.  Credit ratings agency Moody`s on Friday raised Greece`s long-term issuer rating to “Caa2” from “Caa3” after euro zone governments extended a credit lifeline to the country. Moody`s also changed its outlook to “positive”, up from “stable” previously, saying it saw …

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