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Low-productivity economy a legacy of adjustment without transformation
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BoG cautiously optimistic on economy and banking sector
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S&P leaves Greece's 'BBB' rating unchanged, hints at slower pace of upgrades
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Housing costs, food prices set limits to impact of tax cuts
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Moody's keeps rating unchanged at 'Baa3' - outlook stable
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Underspend and taxes push primary balance up to Aug 3.77 bln above target
Athens identifies drivers for growth as it draws up strategy for next years
One of the integral parts of the final review of Greece’s third programme is a growth plan that the authorities will have to agree with eurozone partners and will act as the country’s own policy compass outside the regular supervision by official creditors.
The basic macro assumptions of the growth plan that is currently in the works were included in a memo issued by Greece’s Alternate Finance Minister Giorgos Houliarakis to all ministries involved in preparing the latest Medium Term Fiscal Strategy (MTFS)...
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