Agora
Posts by Yiannis Mouzakis
An issue of statistical significance in Greece
The head of Greece’s statistics agency, Andreas Georgiou, is to face a criminal inquiry. An ex-employee of the Hellenic Statistical Authority (ELSTAT), Zoe Georganta, has accused him of colluding with the European Union’s statistical arm, Eurostat, to inflate Greece’s deficit figure for 2009, thereby justifying Greece’s EU-IMF bailout, signed in May 2010, and its drastic austerity measures. Georgiou vehemently denies the charges.
Contributors: Nick Malkoutzis, Yiannis Mouzakis
Categories: Economy (314), Greece (469)
Greece's labour market is austerity's biggest casualty
Greece has the potential to attain by 2020 a GDP in the region of 330 billion euros and a place in the G20, wrote the editor of a popular weekly newspaper in Greece over the weekend. This would require Greece to miraculously add 150 billion euros to its economy by the end of the decade at the same time as the 20th economy in the G20 experiences a depression similar to the one Greece has gone through in recent years. Leaving this unlikely scenario aside, the tone of the editorial captures the efforts during the festive period to change the narrative of the country’s future prospects.
Contributor: Yiannis Mouzakis
Categories: Economy (314), Greece (469)