There was a distinctly domestic flavour to the exchange between Prime Minister Alexis Tsipras and New Democracy leader Kyriakos Mitsotakis in Parliament on Friday, perhaps reflecting the limbo in which negotiations between the government and its lenders currently find themselves.
Despite the lack of positive developments ahead of Monday’s Eurogroup, the Greek stock market traded mostly in positive territory this week, climbing 2.5 percent with low trading volumes.
In a recent presentation of his book, Laid Low, which examines the International Monetary Fund’s role in the euro crisis, author and journalist Paul Blustein disclosed a memo dated May 4, 2010, from the IMF’s then head of research Olivier Blanchard, to its head of the Greek mission at the time, Poul Thomsen.
A trade-off between the fiscal measures being demanded by the institutions and steps aimed at lightening the burden on taxpayers appear to be the main focus of the Greek government at the moment.
Greece’s central government primary cash surplus dropped by 138 million euros to 248 million in January, Bank of Greece (BoG) figures showed on Friday.
Ranked 32nd on a 38-strong list, Greece is lagging behind most other developed countries when it comes to spending on research and development.
The mist is gradually lifting and the choices available to the beleaguered Greek Prime Minister Alexis Tsipras are becoming clearer.