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Austerity
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EconomyMacroeconomy
BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report The Bank of Greece’s (BoG) monetary policy report, submitted to the Parliament last Friday, outlined a downwardly revised 2017 GDP forecast of 1.6 percent from 2.5 percent previously.
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Society
Material deprivation rises, while poverty risk drops slightly Severe material deprivation continues to rise in Greece across populations classified as poor and non-poor while the risk of poverty fell very slightly in 2016, (ELSTAT) data revealed on Friday.
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Society
Greek university system out of sync with economic reality, study finds A major study has found that Greece’s higher education system is still not focusing on degrees based on future prospects of employment despite almost a decade of economic crisis.
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Society
Greeks express most negative sentiments about economy in global poll Greeks are the most pessimistic about their economy according to a survey by the Pew Research Centre which questioned 34,788 respondents globally.
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Society
Greeks tending to shop less often and opt for local products Recent research by the Athens University of Business and Economics showed that the crisis has made Greeks more inclined to prefer products made in Greece.
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PoliticsGreek Politics
IMF hints at flexibility as debt relief talks continue The terrorist attack on former Prime Minister Lucas Papademos in Athens on Thursday drew attention away from Monday’s Eurogroup, but discussions continue in the background.
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Society
Survey shows 42 pct of Greek expats unlikely to return New research by ICAP People Solutions has shed light on why young Greeks have left the country in droves since the crisis began.
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PoliticsGreek Politics
Fiscal surplus back in focus ahead of IMF debt discussions Greece’s delegation of ministers is due to head to Washington for the International Monetary Fund’s Spring Meetings on Thursday, hoping that it will return with at least confirmation that the IMF and the eurozone are on the same page regarding debt relief.
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PoliticsGreek Politics
The scenarios ahead for Greece as review hangs in balance As talks between Greek government officials and the country’s lenders continue in Brussels following Monday’s Eurogroup, Prime Minister Alexis Tsipras can see a clear path to Greece’s exit from the bailout programme and the crisis but, given the obstacles in the way, there is also a good chance that things will not be that straightforward.
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PoliticsGreek Politics
Sceptical mood in SYRIZA, pending agreement with creditors The Greek government swiftly dismissed unsubstantiated rumours on Thursday morning about Prime Minister Alexis Tsipras preparing to call snap elections but it is clear that as long as there is no significant progress in its talks with the institutions such speculation will intensify.