“If we had not intervened in the debt in 2012 we would not have existed as a country, we would not have been able to face the subsequent crises”, said Evangelos Venizelos on the occasion of the presentation of his new book “War Options 2009 – 2022”. Speaking to SKAI, Mr. Venizelos characteristically noted that […]
Tag: Greek Economy
Schäuble: Turkey is using the influence it gained with the Russian invasion
Greece is called upon to face “the fact that Turkey is trying to use strategically – in a brutal way – the influence it gained with the Russian invasion of Ukraine”, the former German Finance Minister Wolfgang Schäuble emphasized in an interview with the newspaper “Ta Nea” . “This is not new. But we must […]
Fitch: Greece’s rating unchanged at ‘BB’, stable outlook
LAST UPDATE: 00.40 The American rating agency Fitch kept Greece’s credit rating unchanged at “BB”, while keeping the outlook at “positive”, according to the report published late Friday evening. The main assessment factors: Positive outlook: Greece has a high per capita income that far exceeds the median of “BB” and “BBB” rated countries. Its governance […]
Scope raises its forecast for growth in Greece to 4.9% in 2022
Growth of 4.9% for 2022 and 2.1% for 2023 is seen by the credit rating agency Scope Ratings for the Greek economy, revising upwards its previous estimates to 3.4% for 2022 and 2.3% for 2023 announced in April, while confirming our country’s long-term BB+/Stable rating. As Scope states in its comment, its assessment is based […]
Regling (ESM): Countries with high debt should continue prudent economic policy
By Tasos Dasopoulos Countries with very high debt should maintain a prudent fiscal policy, reiterated the head of the European Stability Mechanism (ESM), Klaus Regling, who otherwise had only good words to say about Greece’s progress. Speaking at the Economist conference and looking back on the 10 years he has been in contact with the […]
A. Georgiadis: Damage to the economy a long pre-election period with tension and toxicity
“The Greek economy is doing very well,” the Minister of Development and Investments Adonis Georgiadis said this morning on ERT, focusing on tourism, exports and investments. He emphasized that “as long as our economy is doing well, we share the excess of the budget goals” while he noted that he is not sure that the […]
A new upgrade of the Greek economy is coming from a major rating agency
By Tasos Dasopoulos Another “surprise” upgrade of the country’s credit, one notch below the minimum investment grade, is expected on Friday, July 8, by the third largest rating agency, the US Fitch. The information reaching Athens in the last few days wants the third largest rating agency to do on Friday what it did not […]
Economist Intelligence Unit: The forecast for the growth of the Greek economy in 2022 is unchanged at 4%
The Economist Intelligence Unit (EIU) keeps its forecast for the growth of the Greek economy unchanged at 4% in 2022, although it revised the corresponding estimates for the global and European economy, in the shadow of the war in Ukraine and galloping inflation in food and energy prices. Referring to the “Greek exception”, during her […]
Until inflation will arrive
By Tasos Dasopoulos The Ministry of Finance is now on track for a radical revision of this year’s inflation, from the 6.1% it predicted in April to over 7%. The new forecast has not yet been officially recorded, since everyone is waiting for the effect of the ECB’s interest rate hike that will start within […]
KEPE: Even if inflation moderates in 2023, accuracy will remain
The Greek economy shows impressive strength, as noted in the quarterly magazine of KEPE “Economic Developments” (issue 48-June 2022). “The recent upgrades of the Greek economy reflect market confidence in the Greek economy and bring Greece one step closer to the goal of returning to investment grade. Nevertheless, challenges and risks due to the international […]