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Greek GDP growth in 2022 will rely on EU recovery aid

Location:

GREECE

The economic rebound from a 9% contraction in 2020 is mainly being driven by strong domestic demand supported by accommodative fiscal policies and higher-than-expected tourism…

Greek pharmaceuticals reform may undermine industry

Location:

GREECE

The risks of liberalising the pharmaceuticals market.

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…

Politicking could bring yet another Greek election

Location:

GREECE

The left-right coalition that governed in January-August has been reconstituted with a reduced parliamentary majority. It is ostensibly committed to the reform programme…

Government-Syriza rifts may bar Greek crisis consensus

Location:

GREECE

Koufodinas, a left-wing terrorist convicted of eleven assassinations of businessmen, conservative politicians, and UK and US officers, believed he was entitled to transfer to…

Greek coalition will play politics at debt talks

Location:

GREECE

The government, with half an eye on a snap election, is determined not to accede to prolonged austerity without the trade-off of significant debt relief. Timing is all. The…

Greece will seek to profit from pent-up tourist demand

Location:

GREECE

Despite a stronger-than-expected performance by the Greek hospitality sector during the summer months, 2021 will be a challenging year. The government hopes that it will return…

Anti-virus measures will hurt Greek economic revival

Location:

GREECE

In Greece, a country of 10 million people, 114 patients are in intensive care for COVID-19, of whom 35 are breathing through tubes (‘intubated’). The vulnerability of the…

Greek GDP will plunge despite latest stimulus package

Location:

GREECE

The speech set out the government’s economic policy guidelines for the remainder of 2020 and 2021, largely extending the package of fiscal measures in place since April 2020…

Greek banks have shed bad debt but remain vulnerable

Location:

GREECE

Stronger balance sheets will reduce systemic risk in the sector. Efficient financial intermediation by Greek banks is a vital requirement for achieving economic growth targets in…