Greek government-debt crisis
The 10th post-memorandum evaluation report of the Greek economy is expected to be presented during today's Eurogroup meeting in Luxembourg, which will be attended by Finance Minister Christos Staikouras.
Therefore, Greece is expected to take another step towards a positive direction, as another evaluation is successfully completed.
PM Mitsotakis was seen as the most suitable for PM over Tsipras
The result in the question about the most suitable Prime Minister remains stable, with Kyriakos Mitsotakis leading with 46% against 16% of Alexis Tsipras
The Greek economy will bid farewell to May with two "tests" and the first is on May 21, when Moody's announces its verdict for the evaluation of Greece, followed by a litmus test on May 26, when the Commission is expected to publish its conclusions on economy and budget, after the completion of the 10th evaluation.
Never before in the last decade have so many Greek and foreign economic actors, analysts, and politicians been so positive about the prospects of the Greek economy. With the exit signs from the pandemic clearly on the horizon, all these experts, from the Delphi Economic Forum, urged the government in a single "voice": Reforms and only reforms!
Goldman Sachs estimates that the Greek economy is expected to gain momentum, with a boost from the resources of the Recovery Fund, after the submission of the "Greece 2.0" plan.
As Goldman Sachs points out in a new report entitled "Small economies, old challenges and new opportunities" that the Recovery Fund will lead to an increase in Greek GDP by at least about 7% by 2026.
PM Mitsotakis also leads Tsipras on key issues
By George Gilson
With the government struggling to manage the disastrous economic impact of the COVID-19 pandemic, Finance Minister Christos Staikouras presented "five axes" of the government's reform programme during an online Economist Conference entitled «200 Years of Economic Survival», a reference to this year's bicentennial of the start of Greece's War of Independence.