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  1. IMF preliminary DSA finds Greek debt unsustainable, points to need for debt relief

    EconomyProgramme

    percent in 2022. However, due to the very significant changes both in policies and outlook since... in the banking sectors. However, due to the very high and increasing level of non-performing loans (NPLs... the fragile debt dynamics, the IMF suggests one option for recovering debt sustainability would

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  2. Greece prepares more measures to support economy after Eurogroup relaxes fiscal restrictions

    EconomyProgramme

    of the virus would also be off-budget. This includes measures that would “boost liquidity... that between 800,000 to one million employees in Greece could be temporarily out of the labour market... by coronavirus-related developments. “We looked very briefly at the fifth Enhanced Surveillance Report

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  3. Moody's explains cautious approach to Greek credit rating upgrade
    Photo by Panayotis Tzamaros/Fosphotos

    Economy

    paying off. This positive development will require Greek authorities to stay focused on fully... below ‘Moderate’ reflecting on the one hand improved near-term prospects but at the same time... although has been lowered from ‘Very High’ previously, the sector is characterized by very weak asset

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  4. Some movement on Greece's name dispute but solution still long way off
    Photo by Hectorlo via Flickr https://flic.kr/p/rvq8v7

    PoliticsGreek Politics

    The name dispute with the Former Yugoslav Republic of Macedonia (FYROM) remains one of the key unresolved matters in Greece’s diplomatic agenda but there appears to be movement on the issue... of “irredentism” by Greece’s neighbour as one of the major obstacles in bilateral relations but what

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  5. Athens holds off on bond as Tsipras talks up labour market
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , with some confirming that no move has been made yet but also suggesting that one is looking imminent.... One of those is employment data and Tsipras said on Monday that he expects unemployment to fall

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  6. EC upbeat on reforms paying off, as long as they continue
    Photo by Sebastien Bertrand via Flickr https://flic.kr/p/7ZRenG

    EconomyProgramme

    seats. Labour market Regaining competitiveness has been one of the main objectives of the first programme and is an ongoing effort in the running ESM one. A new package of labour market reforms has been

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  7. How Greece sleepwalked off a cliff in 2009, in black and white

    Agora

    in 2009 is encapsulated in one paragraph: “we are facing an unprecedented fiscal derailment, which... settling at 110 percent of GDP. Despite this information being available at the time, just one week

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  8. Eurogroup suggests there is scope for pension cuts to be called off

    EconomyProgramme

    reaching a compromise with the lenders over the issue, which is one of the top items on the domestic... the programme is one that will be debated.” His suggestion that the pension cuts were “contingent

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  9. IMF trims 1 point off 2022 growth, makes major revision to inflation forecast
    Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]

    EconomyMacroeconomy

    on growth. Specifically for Greece, growth for this year was revised down by just over one percentage.... This fiscal path is more modest and slower than the one envisaged by the eurozone lenders, who

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  10. ND in danger of being blown off course by farming subsidy scandal

    PoliticsGreek Politics

    conversations have been misinterpreted. The one PASOK lawmaker identified, Fragkiskos Parasyrris, issued... committee. Voridis, who is one of the government’s highest profile ministers and in the eyes of some

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