Greece
Economy
Parliamentary Budget Office Claims ''Greece Will Need Years To Fully Recover''
Franciscos Koutentakis, the Chief of the Greek Parliament's Budget Office, spoke about the Greek economy's future prospects on Thursday morning.
Koutentakis addressed the special Parliamentary committee on a wide range of financial issues, including its financial statement, the general balance...
Economy
Head of Parliamentary Budget Office Ends Term Predicting Austerity in 2018
The term of Greece's Parliamentary Budget Office chief Panagiotis Liargovas will not be renewed; His last draft on the 2018 budget predicts a year of austerity.
Based on last year's figures, the 2018 budget generates concerns, the report says, while at...
Economy
Greek Parliamentary Budget Office Says End of the Country’s Oversight Not in 2018
According to analysts at the Parliamentary Budget Office (PBO), the road to normality for Greece will be long and all indicators point to the probability that the end of the strict oversight of the country will not come in...
Economy
Greek Parliamentary Budget Office Releases Gloomy Forecast for Greece's Economy
The Greek Parliamentary Budget Office found that the Greece's economy will face a tough few months ahead.
In its quarterly report for the April and June 2015 period, the Office noted that the capital controls in effect since June 28 will not be lifted...
Economy
Parliamentary Budget Office Says 'No Growth Plan After Bailout'
The Parliamentary Budget Office issued a warning on Wednesday evening that there is no growth plan for the period after the bailout program ends, according to Kathimerini daily.
“The possibility of national elections on the pretext of the presidential election...
Greece
E.Venizelos Criticizes Parliamentary Budget Office
Greek FinMin said on Thursday that the Greek parliamentary budget office lacks the expertise, experience and accountability of international organizations, responding to questions about the issue that has arisen by the publication of a report.
All international organizations (such as...
Greece
Greek Parliamentary State Budget Office Warns of Bankruptcy Risk if Debt not Eased
Greece is at risk of bankruptcy unless there is substantial debt relief, warns the Parliamentary State Budget Office, while calling for the need of tax policy change.
In its quarterly report (July-September 2017), the House office claims that debt relief...
Economy
Greece Caught in 'Debt Trap' Parliament Budget Office Says in 5th Interim Report
Greece is caught in a self-reinforcing recessionary spiral caused by its high and unsustainable debt, which must be deeply restructured in order to allow recovery, according to an interim report published by the Parliamentary Budget Office (PBO) on Wednesday...
Economy
Budget Office Chief: Eurogroup Decision Positive, but Road Towards Agreement Is Long
Eurogroup’s decision to approve the return of the mission chiefs in Athens is a positive development but the road towards the final agreement is long and unclear, the head of the parliament’s Budget Office, Panagiotis Liargovas, said on Wednesday.
"The...
Economy
Parliamentary Budget Report: More Delays Could Cost Greece 4th Memorandum
The latest report from the parliament’s budget office is not favorable for the Greek government and its negotiating tactics. The report warns that any further delays in the completion of the second review would lead to a fourth memorandum,...
Economy
Greek PM's Office Denies that 'Parallel Program' Bill was Withdrawn
The government's draft bill for the "parallel program" has not been withdrawn, an announcement issued by the Greek prime minister's office said on Thursday, while condemning what it claimed was the "irresponsible" stance of the three opposition parties that...
Economy
Head of Parliament's Budget Office Testifies in Bailouts Probe, Sees 'Memorandums' Until 2018
Greece will most likely remain under "memorandum" regimes until at least 2018 unless there is an "honest agreement" with its creditors, the head of the Greek Parliament's Budget Office Panagiotis Liargovas said on Tuesday. He was testifying in an...
Economy
Greek Parliament Budget Office: Lack of Strategy Harms Economy
An agreement with creditors is urgent because the country is in danger of falling into deep recession and the government's lack of strategy harms the economy, says the quarterly report of the Parliamentary Budget Office.
According to the report, the...
Greece
Parliamentary Budget Report Questions Greek Success Story
A report by Greece's Parliamentary Budget Office for the first quarter of 2014 contests the key points of the country's economic "success story" and claims the government's medium-term fiscal plan is overly optimistic. The 59-page report claims that the Greek government should revise its targets...
Economy
PBO Report Warns Greek Government of Risks in Bailout Deal
Hefty tax burdens will burden the Greek economy and keep uncertainty lingering, a quarterly report by the Parliamentary Budget Office revealed on Tuesday, while also stressing that even though the new deal could have some positive aftereffects it comes...