The 12th report of the European Commission on the Greek economy is expected to be positive in the context of the enhanced supervision linked to the payment of another installment of the Greek bond profits (ANFA’s / SNP’s).
The Commission’s report will give the green light for the disbursement of the tranche by recording Greece’s progress in a number of reforms, as well as in labor and auxiliary insurance law, the land registry and the improvement of the investment environment.
The report on the implementation of the new bankruptcy code and the intention for the new property management body are also expected, as well as the debt settlements through the out-of-court mechanism.
As in the other reports, the remarks are expected, with the well-known asterisks on long-standing open issues, such as the pending applications for the Katselis law, the reduction of overdue public debts, something that has been delayed due to the pandemic, but also the schedule for awarding old outstanding pensions.
The result will go to the Eurogroup
The Commission’s findings will be discussed in the Eurogroup on December 6 so that the Eurozone finance ministers can unlock the disbursement of the installment to Greece. With the completion of the evaluation, the country is approaching the exit from the enhanced surveillance regime, which is estimated for the middle of next year.
It is noted that the European Commission, through the report of the autumn European forecasts, gave a vote of confidence for the dynamic recovery of the Greek economy, sending an optimistic signal for a strong recovery in 2021. It revised the rate to 7.1% of GDP, compared to 4.3 % in the summer estimates of the Commission and 6.9% in the final Greek budget.
The report did not lack mention of budgetary risks, citing the possible activation of state guarantees as part of the support measures. Also the court cases against the State Real Estate Company and the pending decision of the Council of State for the retroactive compensation for cuts in the supplementary pensions and the seasonal allowances.
Further risks relate to the statistical classification of recent or planned financial policy arrangements, including the sale and lease system for properties owned by vulnerable debtors.
Lloyd’s List Greek Shipping Safety Award to Capital Ship Management Corp.
Capital Ship Management, founded by Evangelos Marinakis, was awarded the Lloyd's List Greek Shipping Safety Award for the successful rescue operation of 152 migrants by the "Aristofanis" tanker and for its commitment to the highest safety standards in the industry.
Pope Francis met with the Greek PM
In addition to Pope Francis, the Greek Prime Minsister, Mr. Kyriakos Mitsotakis, met with the Secretary of State of the Holy See (Prime Minister), Cardinal Pietro Parolin
Tourism – How can it bring more revenue to the Greek economy
Increasing tourism revenue is a timeless strategy for both the public and the private sector
AI, freedom of choice, Aristotle and Kant
AI expert and academic John Tasioulas speaks to OT, on the occasion of the Athens Roundtable: AI and The Rule of Law
Covid-19 pandemic in Greece: 6,201 new infections on Fri.; 97 deaths, 694 intubated patients
The figure brings the number of confirmed Covid-19 infections in the country, since the beginning of the pandemic, to 957,552.
Judicial council again rejects early release of notorious terrorist; points to 2027 as next opportunity for similar petition
The decision was handed down by the council of first instance judges in the south-central city of Lamia
Greek high court upholds obligatory Covid-19 vaccinations law for healthcare staff
The ruling essentially upholds the constitutionality of the measure, and according to legal experts in the country, opens the path for an expansion of the obligation to other professional castes.
Greek PM extends invitation to Abu Dhabi crown prince for official visit to Greece
Mitsotakis had visited the influential Gulf state in November 2020
Wait period in Greece between second to third dose of Covid-19 vaccine cut to three months
The decision affects all citizens above the age of 18.
Exports – Good yields for tangerines
Prices are still higher than last year.