Varoufakis, Y., (2014), “What you should know about Greece’s present state of affairs an update”, yanisvaroufakis.eu, 4 Μαρτίου.
“It takes a passionate disregard for the truth to suggest that Greece is recovering.” That was my verdict last December upon being asked to comment on Greece’s rumoured recovery. Almost three months later, it is time for an update. The gist of today’s update is depressingly simple: Still, no sign of Greek-covery whatsoever. Indeed, every single indicator (including the ones that are presented as evidence of light at the tunnel’s end) points in a sadly negative direction…
Below I round up the official data (extracted from the Bank of Greece and Greece’s National Statistical Office reports), up to December 2013, with some glimpses into January 2014. I begin with the real economy (GDP, investment, employment etc.), then discuss the money market (money supply, loans to the private sector etc.), re-state the obvious about Greece’s public debt, allude to the sorry state of the privatization drive and, lastly, conclude with some less conventional statistics; statistics that one does not encounter in any ‘normal’ country.
Σχετικές Αναρτήσεις
- Bastian, J., (2014), “Greece’s return to capital markets: Why not try a diaspora bond first?”, macropolis.gr, 4 Μαρτίου.
- Τράπεζα της Ελλάδος, (2014), «Έκθεση του Διοικητή για το έτος 2013», Φεβρουάριος.
- Wolff, G., De Sousa, C., Sapir, An., and Terzi, Al., (2014), “The Troika and financial assistance in the euro area: successes and failures”, Bruegel, 19 Φεβρουαρίου.