Parliament's budget office rings alarm bell on economic prospects

EconomyMacroeconomy Tags: PBO

The Greek economy deteriorated in the first half of 2015 and the country has entered again into a recessionary trajectory, according to the quarterly report of the Parliamentary Budget Office (PBO).

The key rationale lies with the uncertainty that stemmed from the extended deposit outflows, the referendum call and the end of the previous bailout programme that led to the imposition of capital controls. In PBO view, a rapid agreement with the Europe...

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