Economic Analysis, Greece

Quarterly Review

Authors: G. Hardouvelis, P. Monokroussos, C. Papadopoulos, M. Davradakis, C. Vorlow
Publication: Greece Macro Monitor, Eurobank Research, September 2005

Key points:

  • Structural reforms at the heart of the Structural reforms at the heart of the government’s agenda government’s agenda
  • Domestic economy performing well but Domestic economy performing well but risks linger risks linger
  • Significant acceleration of EU funds’ Significant acceleration of EU funds’ absorption needed absorption needed
  • Tax revenues need a major boost Tax revenues need a major boost
  • Fiscal sustainability Fiscal sustainability implies substantial implies substantial primary surpluses primary surpluses
  • Greek-EU inflation differential remains a EU inflation differential remains a drag on competitiveness drag on competitiveness
  • Higher oil prices pose growth and Higher oil prices pose growth and inflation risks inflation risk

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