Economy Greek

A sweeping wind of rational radicalism can fuel a new, realistic optimism in the majority of citizens who will back policies of green, viable, and outward-looking growth.

Apart from a 3.8 billion euro spending package that MItsotakis had announced, the government plans to spend an additional six billion euros (half from the state budget and half from EU structural funds) to shore up the economy.

'If we really want to rid ourselves of them [NPLs] in the next two years, we need a systemic solution, which is to say a bad bank to which one can transfer NPLs without creating moral hazards,” Greece's Central Banker said.

In order to secure Berlin’s support on the pension issue, Athens must commit itself to not canceling any other reforms agreed to with creditors in the future.