Greek economy
Kyriakos Mitsotakis slams government over the state of the economy adressing EU diplomats
New Democracy leader Kyriakos Mitsotakis criticized the current state of the economy and outlined the main opposition’s program during a working brunch for EU member-states’ diplomatic representations in Athens. The event was hosted at the Austrian ambassador’s residence.
Greek unemployment rate drops to 19% of the workforce in July 2018, says Statistical Authority
Greek unemployment rate fell to 19 pct of the workforce in July from 19.1 pct in June and 20.9 pct in July 2017, Hellenic Statistical Authority said in a report released on Thursday.
The International Monetary Fund revises upwards estimates for Greece’s primary surplus until 2023
Greece will succeed in meeting the primary surplus targets agreed with its European partners up until 2023, the International Monetary Fund said in its Fiscal Monitor report released on Wednesday.
“Greek banking system is sound, rgardless of the recent stock market developments” says Stournaras
“The ongoing improvement of the liquidity situation of Greek banks reflects the improved condition of the Greek financial system.
Finance minister Euclid Tsakalotos encourages Asian investors to tap into Greece’s economic rebound
Greek Finance Minister Euclid Tsakalotos, who is currently in the process of courting Asian investors, has encouraged them to tap into the country’s economic rebound and grab the “first-mover advantage” now enjoyed by China.
Greek banks have the knowledge and the means to deal with challenges, says Dimitris Liakos
Greek banks will need to face further challenges in the future, but they have both the knowledge and the means to deal with them, Deputy Minister to the Prime Minister, Dimitris Liakos, said in an interview with the Athens-Macedonian News Agency (ANA) on Monday.
Trust in Greek economy can and should return, French Ambassador Chantepy says to ANA
Trust in Greek economy can and should return, French Ambassador Chantepy says to ANA “Greece proved, in the last two years, that is in position to exceed the fiscal targets, it reconnects with growth and reduces the unemployment” stated French Ambassador to Greece Christophe Chantepy to Athens-Macedonian News Agency on Sunday noting in parallel that […]
The government’s draft state budget is clashing with reality, says ND’s Christos Staikouras
“The draft state budget is starting to clash with reality,” New Democracy (ND) shadow finance minister Christos Staikouras said on Thursday, adding that the “SYRIZA-Independent Greeks government is totally incapable of achieving the strengthening of liquidity in the real economy”.
The stock market’s course does not correspond to economy’s fundamentals, says Tzanakopoulos
The stock market’s course on Wednesday does not correspond to the Greek economy’s fundamentals and the banks’ situation, government spokesman Dimitris Tzanakopoulos said on Thursday in an interview with ‘105.5 Sto Kokkino’ radio station.
The government’s intention is to table a budget plan that will not include pension cuts
The government’s intention is to table on October 15 a budget plan that will not include the cuts in pension and the offset measures, but will include the measures announced by the prime minister (Alexis Tsipras) in Thessaloniki International Fair, clarified a top government official speaking to the press in New York.