MacroPolis

EC reports highlight tight fiscal path and economic challenges

The European Commission published on Wednesday two key reports, one was in the context of the 2023 spring recommendations and the other was the second report of the post-enhanced surveillance period.

BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms

In the Bank of Greece governor’s annual report for 2022, Yannis Stournaras outlined the progress that the economy made in 2022, although the year was marked by increased global uncertainty and the challenges posed by the conflict in Ukraine and price pressures stemming mainly from the energy sector.

OECD sees recovery slowing, urges fiscal discipline

OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.

BoG revises 2023 growth to 1.5 pct as short- and medium-term challenges persist

The Bank of Greece (BoG) has joined the group of organisations that has incorporated the latest global challenges in its forecast for Greece, with growth next year seen declining substantially compared to the 6.2 pct envisaged for 2022.

Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060

Greece is a step away from exiting the enhanced surveillance regime, the monitoring regime that was introduced after the completion of its third bailout, which is due to expire on August 20.

Relief measures being lined up, but PM's eye also on reforms rollout

Although most of the focus will fall on what measures the government plans to unveil in the autumn to combat the cost-of-living crisis, reports suggest that Prime Minister Kyriakos Mitsotakis is also keen to promote his administration’s reformist credentials between now and the end of the year.

Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead

The final report linked to the reviews that formed part of the enhanced surveillance framework Greece has been operating under since the summer of 2018, was released yesterday, signaling the end of another chapter in the Greek crisis.

Mitsotakis lays out confidence-boosting roadmap to end of term

With the opposition doggedly pursuing New Democracy for its handling of the cost-of-living crisis, Kyriakos Mitsotakis seems resolute on shifting the focus back to his government’s strategic vision.

One unicorn does not a Silicon Valley make: positive news on startup front also highlights limitations

By: Georgiou Nakou

Record investments in Greek startups and a number of headline-grabbing exits – including Greece’s first “unicorn” – have generated a lot of interest in the space which the government views as a national success story. A closer look at the numbers reveals positive trends over recent years, however it also highlights the need for some perspective around a subject that is often susceptible to hype.

Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance

Greece has one more step to take before it completes its post-programme surveillance after the institutions published the report that accompanies the latest review, the thirteenth since the summer of 2018 when Greece agreed to a number of commitments that are due to be delivered by this summer.