April 2023

Greece’s half-miracle

by Paul Taylor PoliticoOctober 21, 2019 A little-noticed semi-miracle has occurred in Greece. After a devastating decade of depression and three wrenching austerity programs, the ancestral home of European democracy has emerged with its democratic institutions intact, social cohesion improbably resilient, its budget in surplus and extremists of both the far left and far right

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Greece sets out ambitious budget based on faster growth

by Kerin Hope Financial TimesOctober 7, 2019 Greece revealed an ambitious budget for next year that assumes growth will accelerate to 2.8 per cent from a projected 2.0 per cent this year, driven by higher investment inflows and cuts in corporate and personal income tax. Theodoros Skylakakis, deputy finance minister, said on Monday the centre-right

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Can Kyriakos Mitsotakis ensure the Greek economy starts growing again?

EconomistOctober 3, 2019 The airport at Hellinikon, a few miles south of Athens, closed in 2001. Planes belonging to Greece’s now-defunct national carrier still litter the runway. Nearby a stadium built for the Olympics in 2004 gently crumbles. In the distance, a marina borders the glistening Aegean. In 2011, when Greece was in the throes

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There are reasons for moderate optimism about Greece

by Tony Barber Financial TimesSeptember 19, 2019 Ten years ago Greece plunged into a debt crisis that threatened to sweep away much of the political, social and economic progress achieved after democracy replaced military dictatorship in 1974. The economy shrank by a quarter, unemployment soared and Greece came close to crashing out of the eurozone.

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Greek PM announces fast-track reforms and red tape cuts

by Helena Smith GuardianSeptember 8, 2019 Greece’s prime minister, Kyriakos Mitsotakis, has pledged that after almost a decade of being dependent on international rescue funds, his debt-stricken country will soon prove to be a “pleasant surprise for Europe”. With investor confidence in Greek bonds better than at any time in the past 10 years, Mitsotakis

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Greece’s Mitsotakis calls for tax cuts and reforms

by Kerin Hope Financial TimesSeptember 8, 2019 Greece’s new prime minister, Kyriakos Mitsotakis, has announced tax cuts and structural reforms aimed at rebuilding the country’s credibility with investors, after three international bailouts and a grinding eight-year recession. “Greece has turned a page,” the prime minister said in a speech on Saturday evening to businesspeople in

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