Economy of Greece

Editorial: Leaving office, undermining the future

The European Commission rang a resounding alarm bell in its quarterly enhanced fiscal surveillance report on the Greek economy that was released yesterday.

Despite the use of tempered language so as not to appear to intervene in Greece's general election campaign, the Commission's concerns about a prospective fiscal derailment are perfectly clear.

Commission: Tsipras’ stimulus package costs over one percent of GDP

The European Commission in its quarterly enhanced surveillance report on the Greek economy has warned that the stimulus package announced by PM Alexis Tsipras on 8 May (and adopted on 15 may) will cost one percent of GDP and that there are problematic delays in the privatisation programme and in implementing reforms in the civil service and the banking sector.