Refugee crisis creating ‘significant problems’ for Greek economy, says OECD

10 March 2016
691 Views

Europe’s refugee crisis is posing risks for the Greek economy and the country needs substantial help to deal with the migratory flows, the Organisation for Economic Cooperation and Development said on Thursday.

“The refugee crisis creates significant problems for the Greek economy and growth,” OECD Secretary-General Angel Gurria told reporters after meeting Prime Minister Alexis Tsipras in Athens.

“Greece needs to receive substantial support to deal with this new challenge. No single country can address this challenge on its own,” he said in comments translated into Greek.

Gurria projected zero growth for the Greek economy this year and a 1.9 to 2 percent GDP increase in 2017.

Tsipras said the economy would return to growth in the third quarter of this year and cautioned that Europe’s migrant crisis could have a fiscal impact.

You may be interested

Covid-19 Greece – 566 new cases and 30 deaths on Tuesday
GREECE
shares19 views
GREECE
shares19 views

Covid-19 Greece – 566 new cases and 30 deaths on Tuesday

makis - Jan 20, 2021

The Greek authorities announced 566 new cases of the new coronavirus infection (COVID-19) Tuesday, of which 17 were identified after…

Mitsotakis: Our seas are doubling – We reserve the right to expand our territorial waters in Crete & elsewhere
GREECE
shares23 views
GREECE
shares23 views

Mitsotakis: Our seas are doubling – We reserve the right to expand our territorial waters in Crete & elsewhere

makis - Jan 20, 2021

“We reserve the right to extend the territorial waters in Crete and elsewhere when we choose”, said the Greek Prime…

The award-winning Greek designer of Alfa Romeo
GREECE
shares27 views
GREECE
shares27 views

The award-winning Greek designer of Alfa Romeo

Panos - Jan 20, 2021

From the city of Kozani in Macedonia, Greece, to the world-renowned designing building of a global car manufacturer, Alfa Romeo,…

Leave a Comment

Your email address will not be published.