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High number of Covid-19 cases puts strain on government
PoliticsGreek Politicsnot have to pay to be inoculated against the virus. Again, the PM’s intervention came after... be supplied for free and that class sizes should be reduced to improve social distancing, which is what
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Greece's labour market is austerity's biggest casualty
Agoracomplicated by the fact that are they tightly linked with the old economic model in Greece. A model where... a wealth effect. Changing the economic model built up over decades does not happen overnight and while
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Of symmetry and adjustments in the eurozone
Agorareasons why an export-led model cannot work: The first is the many times recalled fallacy... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth... model Europe would condemn itself to a secondary role. * Francesco Saraceno is Senior Economist
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The conundrum of Greek olive oil exports
EconomyFeaturesin Spain. But Greece’s olive oil export model is stuck in a rut. That’s because the vast majority... the mould of the current export model. The figures tell the story of how beneficial a change in strategy... model would increase efficiency, strengthen marketing and in turn help the branding of Greek olive oil
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Growth conditions improving but more work needed over longer term, PBO suggests
EconomyMacroeconomyagainst an import model driven by private consumption, since this is not a productive model and is too similar to the consumption model which was partially responsible for sparking the Greek economic
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OECD forecasts unemployment increase into 2021
EconomyFeaturesparticularly that the coronavirus crisis reveals the limits of the country’s economic development model. “The lack of development of business culture and the limits of the existing model of tertiary... to include the transition to new and varied branches with an updated education model that would offer
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Survey shows investor interest remains solid
EconomyFeaturesfrom 69 percent to 52 percent in the last survey, adding to hopes that Greece’s economic model... production model based on the stimulation of industrial extroversion, the integration of digital technology, and innovation and placing the country more actively in emerging supply chains. “This new model
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RRF proposals and Pissarides report chart direction of travel for post-pandemic Greece
PoliticsGreek Politicstransform the Greek economic model. The submission of the national proposals for the EU’s Recovery... in scope, amounting a ten-year plan for the transformation of the Greek economic model. The report... to a more extrovert model with more exports and more inward investment. The report claims
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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomya marked rise in the average supplier delivery times at a pace that was the most pronounced ever... time, the lack of supplies’ availability led to an increase in the average purchase prices
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Authorities ready energy "plan B" for potential supply disruptions as cost of living prompts strike
PoliticsGreek Politicsis ready to face the prospect of disruptions in the supply of Russian gas after supplier Gazprom demanded... are focussing on securing energy supplies, there is some evidence that prices are already forcing changes
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