News archive of June 2023
Hard but necessary
The democratic vigor of politicians is tested mainly when they are facing defeat. How strongly they believe in their principles becomes evident by how they handle the popular mandate when it is against them.
The stance shown by the president of the SYRIZA party is, in this respect, a sign that he correctly interpreted the outcome of the May 21 and June 25 elections.
BoG sees economy growing 2.2% in 2023
The Bank of Greece projects an acceleration in Greece's recovery after 2023 and a gradual decline in inflation, with the economy expected to grow by 2.2% in 2023, 3% in 2024 and 2.7% in 2025, the central bank said in its Monetary Policy Report 2022-2023, which was presented to the speaker of the Greek Parliament and the cabinet.
The inevitable fiscal adjustment
Slowly but surely, the tightening of fiscal policy will be increasingly felt no matter whose view of the new Stability Pact prevails in the European Union - the regulations promoted by France and Italy, which are adapted to the peculiarities of each European country, or the rigid view of Germany and its 10 backers, or something in between.