Government’s growth ambitions meet RRF reality

EconomyMacroeconomy Tags: GDP, RRF
Photo by EC - Audiovisual Service
Photo by EC - Audiovisual Service

The government was battered this week by farmers blocking national roads and key infrastructure and from its own parliamentary group, which questioned openly the administration’s approach, the Eurogroup’s unanimous election of Greek Finance Minister Kyriakos Pierrakakis as its president for the next two and half years was a welcome development for Prime Minister Kyriakos Mitsotakis, at least on the public relations front.

The Pierrakakis appointment received global coverage, with the international media viewing it a significant reversal of fortunes for Greece, which only in 2012 defaulted on over 200 billion euros of public debt and in 2015 was teetering on the verge of ...

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