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Economy
Moody's upgrades Greece to 'Ba3' on back of reforms, warns of tricky period ahead In an unexpected move on Friday night, Moody’s upgraded Greece’s credit rating by one notch to ‘Ba3’ from ‘B1’, while it kept the outlook stable.
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EconomyFeatures
WWF sets out road to green economic recovery in post-Covid landscape WWF Greece has released a blueprint for Greece’s green recovery which outlines a number of steps for the government to take to improve the country’s environmental profile.
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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.