MacroPolis

Kyriakos Mitsotakis has announced the formation of a government committee to work on Greece’s strategy for using the money available to Athens via the EU recovery fund, a matter which the prime minister sees as vitally important for his administration and the economy.

Greece’s economic sentiment (ESI) rose by 3.2 points month-on-month in July to reach 90.8 points, European Commission (EC) figures showed on Thursday.

As Prime Minister Kyriakos Mitsotakis arrived at the latest European Union summit in Brussels on Friday in the hope that an agreement would be secured on the Recovery and Resilience Fund (RRF), Greece’s domestic politics was focussed on the latest fallout from the Novartis scandal.

The European Commission slightly revised its forecasts for Greece in the interim Summer forecast released on Tuesday, compared to the Spring forecasts that were released at the beginning of May.

Greece’s economic sentiment (ESI) fell by 0.9 points month-on-month in June to reach 87.6 points, European Commission (EC) figures showed on Monday.

The European Commission (EC) has released its first report on the impact of demographic changes across the bloc.

Greece took another step towards normality on Monday as primary schools reopened along with a range of business, including hotels and catering firms, as the number of deaths from the coronavirus reached 177.

Greece’s economic sentiment (ESI) fell by 10.8 points month-on-month in May to reach 88.5 points, European Commission (EC) figures showed on Thursday.

There was a pleasant surprise for Greece on Wednesday when the European Commission announced its proposal for a Recovery and Resilience Facility (RRF) of 750 billion euros, which will be attached to the 1.1 trillion euros multi-year fiscal framework of 2021-2027.

The Greek government, which stands to gain up to 32 billion euros in grants and loans from the Recovery Fund proposed by the European Commission, continues to keep the re-opening of the tourism sector at the top of the its agenda.