Displaying items by tag: greek economy

The Greek economy has gained a positive dynamism with economic activity growing combined with the implementation of "prudent" fiscal policies, Hellenic Fiscal Council said in its autumn report released on Tuesday.

Some analysts forecast Greece’s emergence from the “junk” status. The path for the Greek bonds to return to regularity and the so-called “investment grade” has already begun, as was evident by S&P Global’s upgrading of the country a few days ago, as well as from the upgrade of Greece’s prospects to “positive” by DBRS. Project “Hercules” created to tackle the banks’ read loans was seen by ratings agencies as an important and necessary step in the country’s effort to leave the chapter of the crisis behind.

After the vote approving the government's policy platform in the early hours of Tuesday morning, action to bring tax cuts that strengthen the middle classes and kickstart the Greek economy will begin.