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Greece achieved a real GDP growth rate of 0.8% in 2014—after five consecutive years of economic decline—but the economy contracted by 0.2% in 2015 and recorded zero growth in 2016. [ 57 ] [ 61 ] The country returned to modest growth rates of 1.5% in 2017, 2.1% in 2018 and 2.3% in 2019. [ 57 ]
Only a cancellation of the Greek debt is invoked. Nothing about the competitiveness of the Greek economy. Writing for the British newspaper The Guardian, Aditya Chakrabortty said the movie's criticism of the euro was "compelling" and, despite its low budget, called the documentary "the best film of Marxian economic analysis yet produced". [8]
The amount is equivalent to more than 15% of the entire Greek economy and involves over 100 investment streams and 75 reforms, with about 60% geared toward the green transition and digitization.
Greece has signed two loan agreements with the IMF: a Stand-By Arrangement from 2010 to 2012 and an agreement under the Extended Fund Facility from 2012 to 2016, borrowing a total of 27,766.3 million SDR. [4] Greece owes the IMF 6,735.64 million SDR, [4] and is the fund's third-largest borrower (after Argentina and Ukraine). [5]
The main issues concerning the ancient Greek economy are related to the household (oikos) organization, the cities’ legislation and the first economic institutions, the invention of coinage and the degree of monetization of the Greek economy, the trade and its crucial role in the characterization of the economy (modernism vs. primitivism ...
In 2009, the Greek government-debt crisis developed, and the EU authorities suspected again a lack of credibility in its book keeping, hence the audits. [1] This caused political and financial market turmoil. For instance, it reignited a controversy about Greece's off-market swaps contracted with Goldman Sachs in 2001. [2]
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Today, KEPE is a leading economics research institute in Greece. It focuses on applied research projects concerning the Greek economy, and provides expert advice to the Greek government on economic and social policy issues. [1] [3] In April 2019, the Greek government formally appointed KEPE as the National Productivity Board for Greece. [4]