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  1. IMF examines where programme went wrong, what lessons were learnt
    Photo by Panayotis Tzmaros/Fosphotos

    EconomyProgramme

    of more than 5 percent of GDP within three years (or 1.7 percent per year on average) has an increasingly... and equitable measures coupled with wide range of structural reforms with the aim of restoring financial sector... measures and more debt relief were needed. During 2012–15, fiscal adjustment was significant (3.25

    2%

  2. EC sees lower growth in 2017 but no concerns for fiscal targets
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyMacroeconomy

    the current account balance with small surpluses in the forecast horizon. Employment has been performing... public investment spending that will further impact growth, the Commission says. No new measures... reach without the need of added measures. The current set of legislated fiscal measures is enough

    2%

  3. Primary surplus target still on lenders' agenda despite snap elections
    Photo by MacroPolis

    EconomyProgramme

    airport site in Hellenikon. The deadline has been extended until June 28. Several other major... that the measures implemented for this year have thrown the budget off course and that the 3.5... but our preliminary assessment indicates that with these measures, the primary surplus target of 3.5

    2%

  4. Lockdown reduced spread of Covid-19 by 80 pct, research indicates
    Photo by MacroPolis

    Society

    in transmissions by 81 percent, a new research paper has shown. The research team includes... that at the point before any measures were put in place, Greece’s basic reproduction number, or R0 number..., the measures imposed by the authorities combined to reduce the rate of transmission by 81 percent

    2%

  5. Growing concerns over second lockdown in food service sector, a key employer
    Photo by Natasha Pantazopoulou/Fosphotos

    EconomyFeatures

    Greece’s catering sector is bracing for the impact of new measures to contain the virus and sounding the alarm that the industry cannot survive a second lockdown. The catering industry has been in decline across the year due to reduced demand. A wave of new containment measures were announced

    2%

  6. EC forecasts 9 pct dip followed by 5 pct recovery but new lockdown not factored in

    EconomyMacroeconomy

    . The Commission notes that Greece has been severely impacted by the pandemic due to its reliance... and 2022. Thanks to support measures that provided incentives for contracts to be suspended and due... are reflected on the budget. The Commission sees a headline deficit of 7 pct of GDP, with the measures

    2%

  7. Greece's lenders adopt cautious approach to new government

    EconomyProgramme

    relief measures. Dijsselbloem noted that the problems in Greece have not disappeared just because an election has taken place. He also said he spoke with the new Greek finance minister (expected... measures that resulted in cost savings of 8.5 billion euros in 2013. He also stressed that measures

    2%

  8. Tsipras sticks to pre-election pledges as eurozone negotiations loom
    Photo by MacroPolis

    PoliticsGreek Politics

    as a barometer for deciding its stance in these talks. So far, it has received strong backing. A rare pro... a moratorium on all of his planned measures until the summer, by when a comprehensive agreement between... but at the same time was vague on the timelines for many of the measures that the Eurogroup, which

    2%

  9. Greece sets out broad reform plan for lenders' approval

    EconomyProgramme

    pillar programme stood at 1.86 billion, implying that this has to be counterbalanced by incremental... will be eliminated and –when necessary – be replaced with social justice enhancing measures... and reallocation of poorly deployed resources. In addition, Greece committed to identify cost saving measures

    2%

  10. Greek stocks jump 2.8 pct during week on improved market sentiment

    Economy

    that PPC has been removed from its Greece Standard Index. Next week, Eurobank releases its Q1 results... two thirds of the required fiscal measures. They also discussed the pending contingency mechanism and debt relief measures. The government appears confident all required pending measures (additional

    2%