Greek economy

Greece judicial system

Greece: the never ending story

At last, the Greek economy seems to be in a much more solid position. Greece once again saw positive growth rates in 2017 and it’s expected to maintain a growth rate of around 2% over the next two years. In spite of this, the financial sustainability of Greece’s public sector remains in doubt.


A year of risk and reward for Greece

A year of risk and reward for Greece

Greece enters a new year that could prove to be a watershed in its long and meandering traipse through three successive bailouts and faltering efforts to overcome the chronic weaknesses that contributed to one of the most damaging economic crises the developed world has seen.


Greece street

Could reforms have prevented Greece’s economic collapse?

Yiannis Mouzakis via Macropolis | Greece’s economic collapse in 2010-2013 has become legendary. The country had already been hit hard by the global financial crisis in 2009, when it posted a sharp GDP drop of -4.3 percent. This set the stage for what would become the deepest economic contraction of a developed country in history. But would the implementation of structural reforms have helped alleviate this situation?



Greek PM Alexis Tsipras

Greek talks in chaos

MADRID | June 1, 2015 | By JP Marín ArreseWhen Tsipras took over matters from Varoufakis a couple of weeks ago, observers were mildly optimistic about the prospect of Greece reaching a fair deal with its creditors. But yesterday’s remarks by the Hellenic PM on the ‘absurd’ demands filed by his counterparts has dealt a heavy blow to such hopes. The chances of broking an agreement are far away and there are  increasing doubts over the ability to reach an understanding before it is too late. 


kostas karamanlis

Kostas Karamanlis as comeback kid?

ATHENS | May 23, 2015 | By Nick Malkoutzis via MacroPolis | A number of eyebrows were raised last week when an opinion poll suggested that former Prime Minister Kostas Karamanlis, who oversaw Greece’s fiscal derailment between 2004 and 2009, is the most popular candidate to take over from Antonis Samaras as New Democracy leader. 


Greek debt

How Greece kept its budget on track in Q1

ATHENS | May 11, 2015 | By Manos Giakoumis via MacroPolis Recent Greek budget data showed the huge revenue gap of 968 million euros recorded in January narrowed to 389 million by the end of the first quarter (Q1) of 2015. At the same time, primary expenditure, which was just 53 million better than target in January, displayed a strong outperformance of 1.18 billion by the end of March. 


Greece and its lenders: Where do you start?

Greece and its lenders: Where do you start?

ATHENS | April 8, 2015 | By Nick Malkoutzis via MacroPolis | Since it was first recorded in 1944 by American public administrator David Lilienthal, the following anecdote has been told many times and in many ways: A traveller asks a local man for directions and, after much thought, the latter turns to the visitor and says: “My friend, I tell you; if I were you, I wouldn’t start from here.” As Greece and the eurozone remain some distance apart on how to conclude their bailout negotiations, it seems a good time to return to this tale.



No Picture

The education of Alexis Tsipras

ATHENS | March 3, 2015 | By Nick Malkoutzis via MacroPolisThere was a defining moment in the recent election campaign. It wasn’t New Democracy’s decision to go full negative by running a campaign ad that suggested Armageddon was around the corner. Nor was it To Potami’s claim that it would unveil its plan for reaching an agreement with Greece’s lenders after the elections. Instead, it came on a mild Thursday night in Omonia Square.