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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation The International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement.
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EconomyProgramme
Seventh post-bailout review completed, lenders flag up state arrears and unpaid pensions Greece officially completed its seventh post-programme review on Wednesday, when the European Commission released the relevant report.
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PoliticsGreek Politics
PM seeks fine balance as he prepares to unveil latest set of fiscal measures Prime Minister Kyriakos Mitsotakis is building up towards his economic policy speech in Thessaloniki on September 12, although the government is trying to lower expectations about what the public should expect.
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PoliticsGreek Politics
Insolvency code, 'second chance' for debtors unveiled as ND eyes social impact of crisis The government has unveiled the draft legislation that paves the way for Greece to adopt a new insolvency code and offer debtors a so-called “second chance” – a move that New Democracy hopes will stave off a major social impact resulting from the long economic crisis, as well as the knock-on effect of the more recent coronavirus pandemic.
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PoliticsGreek Politics
SYRIZA goes on offensive over Covid-19 and economic reforms, but internal rifts persist As new Covid-19 infections continue to emerge in Greece and concerns grow about the economic impact of the pandemic, SYRIZA has ramped up its criticism of the government on the healthcare front, as well as on the issues raised by the Pissarides report on economic reform.
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PoliticsGreek Politics
PM seen boosting powers despite making minor alterations to cabinet The new, and promoted, members of Kyriakos Mitsotakis’s cabinet were sworn in on Wednesday after the first, and minimal, reshuffle since New Democracy came to power.
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PoliticsGreek Politics
Experts recommend extensive reforms to overhaul economy amid mixed reception A committee of “wise men” chaired by Nobel laureate economist Sir Christopher Pissarides published on Monday its draft recommendations to the government for transforming the Greek economy.
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Economy
OECD releases new outlook calling for sustained reforms post Covid-19 The latest OECD outlook for Greece, made public on Wednesday, has shown that Greece’s economy was growing at the steady pace of close to 2 percent in the three years before the coronavirus pandemic, which heralded a slowdown.
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PoliticsGreek Politics
EU deal appears promising for Greece, but success rides on efficient use of funds Prime Minister Kyriakos Mitsotakis has applauded the compromise reached in Brussels over the Multiannual Financial Framework (MFF) and the Next Generation EU recovery package totalling 1.82 billion euros, of which Greece could receive more than 70 billion.
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PoliticsGreek Politics
Increase in Covid-19 cases prompts tighter measures amid opposition criticism The Greek government has tightened emergency measures after a surge in Covid-19 cases raised fears of an early second wave of the pandemic.