Dr. George Pagoulatos, the Director General of ELIAMEP, joins Thanos Davelis to look at why the end of “enhanced surveillance” by EU creditors is significant for Greece, what challenges still remain for Greece’s economy, and whether this offers an opportunity to look back at the lessons learned from the financial crisis.
This weekend Greece marked the end of EU surveillance of Greek government spending, a restriction dating to its painful financial bailout years. Greece and its European partners hailed the exit as the end of a dark era that inflicted deep scars on the economy and society, while observers point out that the move sends "a message to investors and markets that Greece is out of the woods [and] a step closer to investment grade.” Dr. George Pagoulatos, the Director General of the Hellenic Foundation for European and Foreign Policy (ELIAMEP), joins Thanos Davelis to look at why this development is significant for Greece, what challenges still remain for Greece’s economy, and whether this offers an opportunity to look back at the lessons learned from the financial crisis.
You can read the articles we discuss on our podcast here:
Greece rid of budget watch but inflation, energy woes bite
Greece exits bailout monitoring, but austerity pain lingers
Cyprus says new gas discovery aids Europe’s energy search
PASOK wants investigative committee to probe wiretapping case