First the recession of the coronavirus in 2020, after the billions of aid for the companies affected by the padlock, now the high inflation of energy prices: In 2022, nothing is going according to the plan for the Greek Minister of Finance Christos Staikouras, which is already in his third year, according to Handelsblatt. Due […]
Tag: Greek Economy
SYRIZA: Alexis Tsipras and the doctrine of ‘scorched earth’
By Niki Zorba In the twilight of 2021 when Alexis Tsipras during the debate on the adoption of the budget called for elections and despite the leaks of the previous period that SYRIZA does not ask for them while the pandemic is in full swing, he and the party were looking for a convincing answer […]
The first ‘scan’ of the IMF in the economy after its repayment
Of Tasos Dasopoulos Optimistic short-term and pessimistic medium-term, both for the debt and for the growth rate, the IMF is expected in the data that will start to be published from today, in the context of the spring meeting of the Fund and the World Bank The Fund has already given its assessment of the […]
The bra de fer with the institutions for the goals of 2023
By Tasos Dasopoulos In a peculiar bra-de-fer with the institutions, and especially with the European Stability Mechanism (ESM), for the 2023 budget targets is the financial staff, in the shadow of the high inflation that affects all of Europe and the war in Ukraine, in order to be able to implement its financial program. As […]
Frozen public borrowing until recently
By Tasos Dasopoulos It will depend on the course of the markets when and if the 12 billion euro lending program announced since the end of last year for 2022 will be completed. Due to the extremely negative economic situation they compose, high inflation in fuel and food, the continuation of the war in Ukraine […]
Debt and deficit closed better than estimated in 2021
Τof Tasos Dasopoulos The final data of YPOIK for the closing of last year, smaller by about 1% of GDP primary and budget deficit and by 4% of GDP lower for 2021, record, compared to the forecasts of the 2022 budget. The development is more or less expected, as the budget was prepared with a […]
Eurobank: Strong deterioration of the commodity balance in the two months January – February, the crucial role of tourism
One of the costs already borne by the Greek economy due to the current energy crisis, is the widening of the deficit in the commodity balance, ie the opening of the gap between imports and exports of goods, notes Eurobank in its weekly financial report. According to the announcement, the deterioration of the balance of […]
Staikouras: Growth over 3% in 2023, positive growth rate in the coming years
By Tasos Dasopoulos The estimation that the economy will grow at a rate of over 3% this year, with the prospect of a sustainable high growth in the coming years, was expressed today at the Capital Link conference in New York by the Minister of Finance, Mr. Christos Staikouras. The Minister of Finance said that […]
Return on profits for 79 sectors of the Greek economy
The Greek economy is sailing in uncharted waters, with businesses and households plagued by the energy crisis and the precision created by the war. The Greek government, although with reduced reflexes, is taking initiatives to reduce market losses and support households, but is possessed by pessimism, after a short period of recovery even in the […]
A. Tsipras: The goal of the investment stage is unattainable as long as we are in irregularity
Her Nikis Zorba A European response is needed to tackle the crisis, said SYRIZA President Alexis Tsipras in an interview with the Delphi Economic Forum. As such, he identified the extension of the escape clause and the issuance of a Eurobond. Otherwise, as he said, we will be faced with secondary effects and especially instability […]
