Multi-speed Europe

A measure of comparison

Despite the political drama, France, the second biggest economy in the eurozone, has finally managed to adapt the country's minimum general retirement age to the changed demographic realities.

The images of massive protests and strikes in Paris against the controversial measures could be seen as an indirect reminder of the painful progress achieved in Greece.

Growth beats forecast in 2022

The Greek economy outperformed the European Union average for a second year in succession in 2022, securing a growth rate of 5.9%, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. According to Eurostat's provisional data, the growth rate in the eurozone was 3.5% and in the European Union 3.6%.

EFSF approves eighth reduction of step-up interest margin for Greece

The European Financial Stability Facility (EFSF) decided on Thursday to reduce to zero the step-up margin accrued by Greece for the period between June 17 and December 31, 2022, as part of the medium-term debt relief measures agreed for the country in 2018.

The value of this eighth reduction amounts to 122.5 million euros, it said in a statement.

WCC and DB accuse the other parties of a Conspiracy against the Admission of Bulgaria to the Eurozone

"We Continue the Change" (WCC) and "Democratic Bulgaria" (DB) accused the other 5 parliamentary represented formations of a conspiracy against the admission of Bulgaria to the Eurozone and the implementation of the justice reform.