piraeus bank group

Greek Economy: Trends & Prospects

2018 is going to be a crucial pivot year that will define Greek economic standards for the years to come. Greek economy, should capitalize on the 2017 signals of recovery. Economic climate enhancing, acceleration of the structural reforms and hold on the privatization schedule, will boost economic activity and continue building upon the recent acceleration in employment and export growth. On 20 August, ESM stability support programme will be successfully concluded and the enhanced surveillance framework will be activated facilitating Greece's normalisation, capitalizing on the progress that has been made and supporting Greece's economic recovery. This framework agreed during the Europgroup on 22 June, along with the expected disbursement of the fifth and last tranche of the ESM programme amounting to €15 bn (safeguarding a sizeable cash buffer of €24.1 bn covering the sovereign financial needs for around 22 months following the end of the programme) and the additional medium-and long-term debt measures (under conditionality and with immediate effect).