Parliament Budget Office: Market exit positive; reform path must continue

27 July 2017
788 Views

Parliament’s independent Budget Office on Wednesday referred to a “positive development” with the previous day’s first exit by the Greek state to test sovereign debt markets in three years.
In echoing representatives of institutional creditors, the Budget Office said more attempts to drain finance from the capital markets “can continue, under certain conditions”.
The same independent office, in its three-month reform on the course of the Greek economy, also insisted on a forecast of 1.5 to 1.6 percent GDP growth for 2017, while at the same time warning that the country’s economic recovery is fragile and susceptible to interruption if “the path of reforms is abandoned or political instability returns”.
The significantly lower GDP prediction – compared to the ambitious 2.7 percent listed in the state budget for 2017 – emanates from the major delay in concluding the second review of the Greek program and related uncertainty, as well as more tax burdens, according to the Budget Office.

You may be interested

Coronavirus Greece: Four new cases, one fatality & 18 intubated
GREECE
shares34 views
GREECE
shares34 views

Coronavirus Greece: Four new cases, one fatality & 18 intubated

makis - May 25, 2020

Professor Sotiris Tsiodras announced four new cases of the coronavirus in our country in the last 24 hours. The total…

Berlin Church opens to Muslims for prayer
WORLD
shares31 views
WORLD
shares31 views

Berlin Church opens to Muslims for prayer

Panos - May 25, 2020

A church in Berlin has opened its doors to Muslim worshippers unable to fit into their mosque under new social…

Cafes, restaurants reopening with strict safety rules
FINANCE
shares35 views
FINANCE
shares35 views

Cafes, restaurants reopening with strict safety rules

Panos - May 25, 2020

Greece’s cafes and restaurants are reopening for business on Monday following a long hiatus, as they closed just over two…

Leave a Comment

Your email address will not be published.