In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from the crisis such as high unemployment and debt.
Read more
IMF: Greece’s reform priorities: Preserve and further expand labour market flexibility; foster competition in service and product markets; improve the business environment.
Read more
The staff-level agreement between Greece and the institutions contains a package of reforms to be implemented by Greece, and an additional contingency mechanism.
Read more
In a press release the Eurogroup said that an agreement would be possible in the next few days and, if so, stands ready to reconvene in an extraordinary meeting to agree on the next steps towards the closing of the first review.
Read more
Negotiations with Greece’s lenders will be completed by the end of this month, barring any unforseen circumstances. The Greek government will then be able to start the process of the country’s debt restructure.
Read more
Global growth continues, but at a sluggish pace that leaves the world economy more exposed to risks, says the IMF’s latest World Economic Outlook (WEO).
Read more
FinMin Tsakalotos: “We need an honest broker, representing different views from different political perspectives, to examine the economic and social impact of the programme”, he said, referring to the new EP working group on macro-economic adjustment programmes.”
Read more
Thomsen: “No amount of pension reforms will make Greece’s debt sustainable without debt relief, and no amount of debt relief will make Greece’s pension system sustainable without pension reforms. Both need to come about.”
Read more
Global growth is estimated at 3.4% and 3.6% in 2017. “We see global growth in 2016 as modest and uneven,” said IMF managing director Christine Lagarde at the World Economic Forum.
Read more
The IMF asked for a programme of strong economic policies, not least pension reforms as well as significant debt relief from Greece’s European partners.
Read more