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Greek economy: From bailout program exit to recovery?

Theodore Pelagidis, (2019), “Greek economy: From bailout program exit to recovery?”, Brookings, 6 March

The recent upgrade of Greece’s long-term foreign credit rating by Moody’s from B3 to B1 is expected to encourage investor uptake of a 10-year, 2.5-billion-euro Greek government bond launching this week. At odds with this cautiously encouraging development was the European Commission’s (EC) enhanced surveillance report issued on February 27. Layered over this are persistent political economy challenges that continue to stymie financial sector and other structural reforms.

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