Greek Economy

What UBS predicts for elections and the investment grade

During the time that prices will be held stable or reduced in this basket of products, there will be a good opportunity to create conditions of normalcy.

Prudent fiscal management, to which the finance minister has referred, is the key for the prospects that are opening in 2023, and there is a need for fiscal balance from now on.

Discussions that encourage political turbulence, a power vacuum, or contribute to an anti-politics current do no service in the effort to protect the country.

The PM and main opposition party leader Alexis Tsipras will address the nation in the midst of the political clash triggered by the wiretapping of a party leader by EYP.

The middle class – whose members are times somewhat sarcastically referred to as “proper household people” – are not a force of conservatism, but rather a force that advances Greek society.

As long as the current international situation persists, the government is obliged to exhaust all possible measures to assist vulnerable social groups.

Despite the evolving crises in Europe, there is a common denominator and a mutual understanding between EU member-states in approaching issues of social cohesion and the EU acquis.

In a future characterised by the digital revolution and globalism, Greece’s place and role is to function as a pillar of stability in the broader region.

Undoubtedly, the Greek economy’s good Q1 performance is based on exports and in part on domestic consumption, which reflects its dynamic and endurance.

The government must make every effort to bolster the tourist product, whether that be through measures to reduce energy costs or by funnelling EU Recovery Fund monies.

The energy terrain in Europe and the Middle East is being restructured due to Putin’s aggression, and if the results of drilling demonstrate that it is feasible, Greece will have to reinvent its role.

Paying off of the IMF loan is a strong reminder of the slippery slope to which we must not return, so as not to require new loans and fresh sacrifices.

With our advantageous strategic position and the overall capabilities that it affords, we can immediately provide the forum for a plan to ensure energy autonomy.

The public debt has been rising during the pandemic, and Finance Minister Christos Staikouras in Parliament yesterday said credit spreads are expanding.

The cost of borrowing and the tsunami of energy price increases will hit the Greek economy hard without preparations for compensatory measures to help weather the crisis.

Inflation is citizens’ number one priority right now. The government has a duty to seek and find every possible solution in order to help them.

The deficiencies, admitted by the PM in his apology for the management of the 24 January snowstorm, offer a grim picture in the first month of 2022.

SYRIZA’s spokesman reiterated proposals for a minimum wage hike, lowering the special consumption tax, and intervention in the pricing of the Public Power Corporation.

We are in the holiday season, but we should not permit these days to become fateful for thousands of citizens, destroying the progress made through a long series of sacrifices.

Bank of Greece Governor Yannis Stournaras refers inter alia to the danger of the elimination of many jobs, an issue that came to the fore through the advance of the pandemic.

We have the dynamic to make a plan incorporating management of current issues in a cohesive vision that can persuade the public that it will have to make some sacrifices.

The statements of the man that most consider the new Schaeuble demonstrate that the era when Greece was the black sheep of Europe is over.

It is up to the government to enact a series of reforms that can expedite justice, such as reducing the backlog of cases and streamlining overlapping and contradictory laws

Brussels’ 7.1 percent economic growth projection for Greece exceeds that the draft state budget. The numbers speak for themselves, but they do not describe the overall wager for Greece.

It is not acceptable for a large segment of the population - unvaccinated people - to lead us to backpedaling, even as the economy is still vulnerable, despite hopeful signs of recovery.

Aside from French President Emmanuel Macron and Italian PM Mario Draghi, Athens also enjoys the support of European Central Bank President Christine Lagarde.

There are many jobs and positions that are no longer attractive for Greek citizens that could be filled by refugees to the benefit of the Greek economy and the refugees themselves.

The spending package that was announced by Prime Minister Kyriakos Mitsotakis last week was reminiscent of a bygone era, when governments each autumn had the capacity to distribute money without considering the cost.

One might look at the labour bill as a great wager for the government, not only because it will count its forces as it measures the reactions of the opposition.

The very swift en masse vaccination of residents is a draw in attracting foreign visitors. There, we see a “smart” gradual return of residents with new jobs combined with exploitation of resources.

Pyatt addressed the question of a Biden-Mitsotakis meeting in Washington asserting that both sides want it, but it appears that the timing remains very unclear.

Most people were pleasantly surprised that an age group that was clearly suffering from lockdown fatigue was rushing to be vaccinated with a vaccine [AstraZeneca] viewed as a “left-over”.

As social democratic economists arGUE, major public investments create infrastructure and jobs, but they also trigger a wave of investments around them that contribute to growth.

As social democratic economists arGUE, major public investments create infrastructure and jobs, but they also trigger a wave of investments around them that contribute to growth.