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

10 March 2016
588 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

Zoran Zaev: We will enter the EU as ‘Macedonians’ with our ‘Macedonian’ language
SLIDE
shares12 views
SLIDE
shares12 views

Zoran Zaev: We will enter the EU as ‘Macedonians’ with our ‘Macedonian’ language

makis - Dec 01, 2020

The Prime Minister of North Macedonia, Zoran Zaev appeared confident his country would enter the EU with the name “Macedonia”…

Greek Resort named top “World’s Leading Luxury Green Resort”
GREECE
shares24 views
GREECE
shares24 views

Greek Resort named top “World’s Leading Luxury Green Resort”

Panos - Dec 01, 2020

Sani Resort in Kassandra, Halkidiki gained the top spot as the “World’s Leading Luxury Green Resort” at the World Travel…

Greeks pay over half a million euros in Covid-19 fines in a day
GREECE
shares34 views
GREECE
shares34 views

Greeks pay over half a million euros in Covid-19 fines in a day

Panos - Dec 01, 2020

Greeks were fined a total of over half a million Euros for violating Covid-19 measures following intensive police inspections on…

Leave a Comment

Your email address will not be published.