Greece: Still waiting for change

A SUPPLEMENT TO EUROMONEY/JUNE 1996 Time for tough decisions The long-term outlook for Greece’s economy is promising. But investors say the government needs to drastically rethink ways to increase productivity, develop the bond and stock markets, and boost privatization. By Katharine Morton Even though Athens is a frustrating place to be at the moment much […]

A SUPPLEMENT TO EUROMONEY/JUNE 1996

Time for tough decisions

The long-term outlook for Greece’s economy is promising. But investors say the government needs to drastically rethink ways to increase productivity, develop the bond and stock markets, and boost privatization. By Katharine Morton

Even though Athens is a frustrating place to be at the moment much has been achieved in the past three years: the government has brought inflation down to single digits for the first time in over 20 years, checked the public deficit, opened new trading areas in the Balkans and deregulated the capital markets.

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