Greece’s economic turnaround, debt reduction, and the cost of living crisis
Nikos Vettas, the general director of the Foundation for Economic and Industrial Research (IOBE) and a professor at the Athens University of Economics and Business, joins Thanos Davelis to look into the state of Greece's economy - from the recent protests over the cost of living crisis and wages, to growth and debt reduction.
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Show Notes
This week Greece saw workers in the public and the private sector go on strike, demanding better wages in the face of rising costs across the board. This comes despite Greece’s economic success story, whether it's achieving investment grade or outperforming its Eurozone partners, and as the government announced it is set to make another early repayment of €5 billion of bailout-era loans. Nikos Vettas, the general director of the Foundation for Economic and Industrial Research (IOBE) and a professor at the Athens University of Economics and Business, joins Thanos Davelis to look into the state of the economy - from the cost of living crisis and wages to debt reduction.
You can read the articles we discuss on our podcast here:
Thousands in Greece strike to protest soaring living costs
Greece to repay chunk of bailout debt early
New budget includes support measures over 1 bln euros