All News on Economics in Greece
Greek finance’s new era
The narrative of Greece's economic recovery reads like a modern saga of revival.
Since the 2019 elections, which ushered in a pro-business government for the first time since 2009, the nation has been rewriting its economic story. This government has managed to navigate Greece through the tumultuous waters of global economic crises, including the pandemonium of the Covid-19 era.
The elephant in the room
In a pre-election period, sober assessments in general - and regarding economic developments in particular - do not prosper. Each party must present them in a light that favors its own narrative to voters, with a certain one-sidedness. The drop in unemployment in Greece is one side of the story.
Private-label products grow
The share of private-label products reached historic highs in the first two months of 2023, with consumers looking for cheaper solutions due to inflation, while their participation in the Household Basket measure has been considerable.
Serbian firms expanding Greek presence
Greece constitutes a window to the countries of Western Europe for retail chains from Serbia, which have recently been active in this country and indeed with rapid growth rates.
Lower prices for nine categories of products slow inflation rate in Greece for third straight month in Dec. 2022
An official inflation rate of 7.2 percent in Greece for last month, December 2022, showed a lower rate for a third straight month, and the fifth out of the last six months where the div has dropped, on an annual basis.
Editorial: The crisis and the risk
The Russian invasion of Ukraine and the war that has been ongoing for four months now - triggering Western sanctions against Moscow and Vladimir Putin's games with natural gas and crude oil - creates complex economic conditions globally and especially in Europe, which has faced very serious repercussions.
Eurobank – Pandemic and energy crisis create downside risks for the 4th quarter 2021
The recovery continued in the third quarter of 2021, however the resurgence of the pandemic and the energy crisis pose downside risks for the fourth quarter of 2021 and jeopardize the disposable income of households.
This is the main conclusion of Eurobank's weekly study "7 DAYS ECONOMY".
49% of Greek Electricity Distribution Network Operator goesto Australian company in record €2.1 bln deal
This is the largest privatisation that has taken place in Greece
Op-Ed: Rational radicalism the answer to conservatism
By Yannis Magriotis
Our country over the past decades had impressive growth in many sectors and transcended the dark shadows of the pre-WWII and post-Civil War eras.
It became a member of Western European institutions of security and development and it approached many sides of the democratic and developed world.
It’s now or never
We have seen "holistic plans" for the economy before, but never such thorough plans.
Most of the points raised in the so-called Pissarides Report on a long-term growth strategy for Greece (named after Cypriot Nobel Laureate Sir Christopher Pissarides who chaired the committee of experts that authored it) have been common knowledge for years.
Report by Pissarides committee envisions bold, across-the-board reforms
The vision of a new Greece as encapsulated in the 244-page action plan drafted by the committee of experts led by Nobel Laureate Sir Christopher Pissarides foresees across-the-board reforms to all sectors so as to ensure the development of the economy in a way that will lead to an increase in per capita income, strengthen social cohesion and improve the country's environmental performance.
German model to protect jobs
The government is pondering different schemes to tackle reduced employment that would see it subsidizing part of lost salaries or social security contributions, once the country enters the stage of a gradual return to a new kind of normalcy.
Drop in social expenditure in 2016 and 2017
Social protection spending in Greece fell in 2016 and 2017, according to the latest Hellenic Statistical Authority (ELSTAT) data, despite the social profile the previous government tried to project, mainly through the handouts made at the end of every year.
Editorial: From the ‘Chicago boys’ to the ‘Texas boys’
Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.
He viewed this prospect as an attractive solution for Greece's economic problems.
The frivolous Mr. Stiglitz: An open letter by Nicos Christodoulakis
Dear Mr. Stiglitz,
It was an unpleasant surprise to hear that you participated along with other US academics in preparing a plan for Greece to exit the euro in 2015. The feeling was even harder, since you still believe that it was "carefully set" and seem rather disappointed for not finally implemented.
Η Eurobank πούλησε 180 επαγγελματικά ακίνητα