Tackling poverty and inequality in Greece is crucial to recovery from crisis, says OECD

Weak economic growth and bank recapitalisation needs have pushed up Greece’s already high public debt. Reaching an agreement with creditors on significantly extending maturities and repayment grace periods could assure low and stable gross finance needs over the long-term and reduce uncertainty, the survey says.

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Dijsselbloem and Moscovici on the Greek programme

Dijsselbloem: “Mission chiefs will return to Athens… There is enough common ground, enough preparation has been done for their mission to continue, hopefully to work towards a successful completion. We realise that if we want to complete, fully comply to what has been agreed this summer, more work will have to be done.”

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Ambassador of South Africa: “Greece is dealing with the refugee crisis in a humane way” [interview]

The Ambassador of South Africa, H.E. Marthinus Christoffel Johannes Van Schalkwyk, spoke to EmbassyNews.net about the strong economic and cultural ties between the two countries and commented on Greece’s stance towards the refugee crisis: “We are looking at the situation with sympathy. So far the Greek government has not gone to the extreme and that is a good sign”.

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