Prime Minister Alexis Tsipras sprung a surprise on Thursday evening, when he announced that the government plans to redistribute this year’s primary surplus overperformance to some of those who have been affected most by the crisis.
The Greek stock market rebounded strongly by 4.3 percent this week mainly led by solid gains in banks, also accompanied by an increase in trading activity.
SYRIZA’s awkward symbiosis with its coalition partner, Independent Greeks (ANEL), has come to the fore again this week.
The Greek Industrial Production Index (IPI) rebounded by 6.8 percent in October after a marginal rise of 0.1 percent in the previous two months, Hellenic Statistical Authority (ELSTAT) data displayed on Friday.
Early school leaving and tertiary educational attainment rates in Greece improved significantly from 2012 to 2015, putting them ahead of the EU average, yet performance remains disappointing on basic skills attainment by young people and adults, and on participation in vocational education and training as well as in adult learning, a European Commission report has found.
Just as years of fiscal irresponsibility pushed Greece into its permanent state of crisis, seven years and numerous Eurogroups later it was still the fiscal side of things that made the biggest impression on developments at Monday’s Eurogroup.