Euclid Tsakalotos

There is a double minefield on Greece’s path. The economy remains shackled by austerity policies and the danger of fiscal derailment is ever-present.

The Finance Minister said the estimated cost of New Democracy’s announcements so far is 5bn euros in the first year and another 4bn over the next four years and that ND has not said where the money will come from.

Greece's 7.6bn euro primary surplus for the first 11 months of 2018 (about four percent of GDP), was a whopping 2.8bn euros more than the Greek finance ministry's predicted.

“All banks have exceeded targets as regards the resolution of Non-Performing Loans (NPLs) and have passed the stress tests,” Tsakalotos stressed, noting that all four banks have capital adequacy and that there has been a rise in deposits.

The procedure provides for consultations between the social partners and the government, with the participation of expert academics, research institutes and experts on labour economics, social policy, and labour relations.