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Reforms
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PoliticsGreek Politics
Six-day work week triggers opposition attack on labour reforms The introduction of the six-day work week has prompted the opposition in Greece to launch an attack on New Democracy’s labour policies, accusing the conservative government of dismantling workers’ rights and lowering living standards.
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EconomyMacroeconomy
Reports raise questions about some economic policy decisions Two reports published last week highlighted issues that have placed the government under pressure from the opposition parties over the last few months and raise questions about some of the policy decisions taken by the ruling conservatives.
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EconomyMacroeconomy
BoG sees sustained growth, argues challenges require wide-ranging policy interventions The Bank of Greece (BoG) published on Wednesday its latest monetary policy report in which the central bank highlights the sustained growth of the Greek economy, outlines the challenges and makes a wide range of policy recommendations.
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Economy
Greece out of fiscal spotlight, but economic imbalances still a worry The European Commission announced last week that it started an excessive deficit procedure for France and Italy, but Greece is not in the spotlight over its public finances, although Brussels has again highlighted various imbalances in its economy.
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EconomyMacroeconomy
OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline In its latest economic outlook, the OECD is slightly more optimistic about Greece’s growth prospects, although it warns that there is no room for complacency as the economy’s structural challenges need to be addressed and the public spending the economy requires will lose the boost it had received from the RRF when the scheme concludes in 2026.
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EconomyMacroeconomy BoG sees 2024 growth at 2.3 pct, cautions against complacency due to risks Ahead of the general meeting of its shareholders, the Bank of Greece released on Monday the annual governor’s report for 2023 in which it sees progress on several fronts, notably securing the investment grade for GGBs.
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PoliticsGreek Politics
Government lines up new zoning scheme, fuelling debate over growth model The government has unveiled its plans to introduce a new zoning plan, which it says will restore some order to construction activity in Greece but which others fear will pave the way for more building in areas outside of the updated scheme.
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PoliticsGreek Politics
Mitsotakis targets reforms, but day-to-day challenges set to dominate agenda in 2024 Having reaffirmed his government’s commitment to reforming and modernising Greece in his New Year message, the pressure is on Prime Minister Kyriakos Mitsotakis to show that New Democracy can deliver on this pledge during 2024 and maintain the political dominance it displayed in last summer’s general elections.
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PoliticsGreek Politics
Mitsotakis aims for faster reform process in 2024 As the year comes to a close, Prime Minister Kyriakos Mitsotakis has attempted to set the tone for his government’s performance in 2024 by stating that the pace of change has to increase in the new year.
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EconomyMacroeconomy
BoG revises 2024 growth down to 2.5 pct, advocates wide range of policies and reforms The Bank of Greece published on Wednesday its interim monetary policy report for 2023, which assesses the economy’s progress over the year, though challenges are clouding the outlook.