Greek Economy

Tax authority data confirm that the core of the once thriving middle class is headed towards extinction.

The crucial element for the Greek economy is whether and to what extent it implements the reforms," Costello told the Athens News Agency.

Simitis said that it is irrational for the government’s fiscal policy to be focused on handouts and benefits.

The IMF was primarily concerned with the threat to the economy posed by the pre-election period, which could reverse measures taken until now.

The IMF is demanding an emergency plan to confront the prospect of thousands of court decisions ordering the reversal of memorandum-era cutbacks.

The government’s room for manoeuvre is limited if it wants to receive a tranche of about one billion euros from the profits of eurozone central banks on Greek bonds.

With the economy trapped in a polarised pre-electoral climate, there is a significant chance of back pedaling.

In an exclusive interview with To Vima, the Harvard economics professor and former IMF chief economist discusses Greece’s growth prospects.

The government agreed with creditors on high primary surpluses which it hiked even more so that it could distribute poverty benefits.

'There is consensus across the political divide on this issue. I think 3.5 percent - and I’ve said it for an awful long time – is too high, especially for a country that has lost 27 percent of its GDP.'

The PM explained that people may not understand these accomplishments because the dastardly news media do not report on the government’s great successes.

Prime Minister Alexis Tsipras welcomed the newly appointed ministers that “join forces with us in this crucial phase,” during his opening speech at Wednesday’s cabinet meeting. The prime minister said that the national effort that began four years ago for the country exit from the crisis has always had a clear social and political stamp, […]

Parties are created and then dissolved in a flash, MPs transfer between parties as football players do with teams, and political forces nonchalantly veer off course.

Mr. Mitsotakis’ interlocutors speak of a sweeping plan of foreign investment that can be supported by a long list of privatisations and by measures to swiftly free up large investments

The five-year bond issue in no way constitutes a re-incorporation in the international economic system as it is an isolated event.

The ideology and complexes that guide ministers and cadres do not permit the necessary leap forward. They reward inertia.

This protracted electoral climate is bad for the economy. In a fluid domestic and international environment one can easily be confronted once again by unforeseeable events.

The centre-left Movement for Change places third with 8.8 percent, followed by the Greek Communist Party (KKE) with 7.4 percent - essentially tied with far right Golden Dawn with 7.2 percent.

It is clear from the discussions that the representatives of the creditors will be more demanding this time around than in their first post-bailout evaluation.