Commission Praises Improving Economy, Warns Greece Still Lags EU Peers
4 Articles
4 Articles
The European Commission recognizes significant economic progress, with Greece no longer facing macroeconomic imbalances - Long-term convergence will depend on the continuation of reforms in productivity, innovation, infrastructure, housing, health, labor market
Commission praises improving economy, warns Greece still lags EU peers
The European Union’s executive on Wednesday removed Greece from a list of member-states suffering macroeconomic imbalances, for the first time since the Greek financial crisis, while noting that the country lags its EU peers in several key fields including per capita income, employment and labor productivity.
The European Commission acknowledges the spectacular improvement in Greece's economic indicators, but warns that maintaining the growth trajectory will be determined by reforms, productivity and demographics...More...
In a voluminous 128-page report, the European Commission describes the Greek economy growing “but not fast enough,” with debt rapidly de-escalating, public investment nearly doubling and the escape clause opening, beyond defense, to energy, while health, tourism and energy dependence remain in the doldrums. The focus of the recommendations.
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